What are Asset Tags and Why are They Beneficial?

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An asset tag is a label with a barcode and number, that is usually placed on a piece of equipment so that it’s whereabouts can be tracked. These tags are used as part of asset tag management, used to track stock and large amounts of equipment. As well as of course providing a layer of protection against theft and loss, it also makes logging information about products extremely efficient, as the barcode can just be scanned to bring up important information.

Asset tags, however, fall under two categories. These are:

Fixed – This includes the likes of bridges and road signs, as well as machinery and equipment.

Moveable – These refer to physical items, often property. This includes furniture, computers, printers and electrical devices.

Where can Asset Tags be Found?

To answer simply, asset tags can be found pretty much anywhere. This includes healthcare, where they’re used to track blood samples, urine samples and equipment, education, as schools often lend out expensive equipment, military defence, telecommunications and everywhere in between.

Benefits of Asset Tag Management

Eliminates human error – Less things can go wrong when using asset tag management, as manual data doesn’t need to be entered each time. Often, mistakes can be made entering data and using asset tags avoids this.

Saves on human capital – A lot of time can be spent on either locating the items, entering details or checking the status of the equipment. Staff can put their time towards doing something else of use. 

Eliminates missing items and theft – Asset tags allow you to keep track of expensive items, therefore decreasing the amount of items that either get stolen or go missing. If people are aware of the tagging on the back, then they will be less likely to steal an item as they know their name would be last attached to it.

For more information on asset tags, or any other sorts of safety labels or warning signs, then get in touch with Label Source who would be happy to help and advise on what sorts of signage your workplace may need.