Basically, labels are used on assets to identify them using a bar code or a unique serial number. In most cases the materials used for these labels are laminated polyester or an anodized aluminum. The commonly used designs for these tags are company logos, as well as a border that has contrast to the equipment. However, barcodes are used in asset labeling to enhance data entry and minimize errors in the entry fields.
These labels have changed inform of structure format and sizes as times goes by. This is due to the fact that people have adopted in labeling smaller, mobile or even less valuable assets. This has made people to make tamper proof, small and even incorporate tracking and tracing equipment in the labels. This has made these labels perform extra functions apart from identification alone.
These tags are no longer used for identification alone but they are also used for other reasons such as tracking. Due to advancement in technology, they have now come up with techniques that help in tracking system and activities. This makes sure that if the equipment is stored in the wrong place, it will be retrieved to its right storage place.
When it comes to accounting, inventory, and asset finance audit, they play a very major role. When calculating the asset worthiness, one does not have to go around taking down the data but only using a barcode reader which will calculate all the assets at a very accurate, easier and effective manner. They also keep thieves away because no one can dare steal an equipment bearing in mind that it will be retrieved.
Due to the effectiveness of these tags, even assets that are of less importance to an organization tend to be tagged. This is because the costs associated with obtaining new ones when these are lost becomes expensive as compared to the cost of labeling. When it comes to ownership verification, they become very effective because the owners have different ways and unique tracking systems.
In some cases, color coding is used on the assets tags. Color coding is usually used for quick visual identification of department responsibility or ownership. Again, it becomes easy to identify the item to scan for a certain purpose in several assets are similar in form yet they differ in function. Also, color-labeled tags may be used instead of bar codes if the organization has limited assets.
On the other hand, bar codes offer machine readable recording, error-free, and prevention of manual transcription errors that are caused by humans. These bar codes are usually necessary and valuable for educational and business institutions with diversified inventories of physical assets that require monitoring, tracking, and maintenance.
Customers in this case benefit a lot as they do not have to spend their time waiting for identification of what they need. The price is tagged also and incorporated in the barcode therefore monetary calculations are direct from the reader. This reduces any waste of time as well as preventing overcharging by some attendants as well as preventing stealing. This also benefits the organization by realizing much profit.
These labels have changed inform of structure format and sizes as times goes by. This is due to the fact that people have adopted in labeling smaller, mobile or even less valuable assets. This has made people to make tamper proof, small and even incorporate tracking and tracing equipment in the labels. This has made these labels perform extra functions apart from identification alone.
These tags are no longer used for identification alone but they are also used for other reasons such as tracking. Due to advancement in technology, they have now come up with techniques that help in tracking system and activities. This makes sure that if the equipment is stored in the wrong place, it will be retrieved to its right storage place.
When it comes to accounting, inventory, and asset finance audit, they play a very major role. When calculating the asset worthiness, one does not have to go around taking down the data but only using a barcode reader which will calculate all the assets at a very accurate, easier and effective manner. They also keep thieves away because no one can dare steal an equipment bearing in mind that it will be retrieved.
Due to the effectiveness of these tags, even assets that are of less importance to an organization tend to be tagged. This is because the costs associated with obtaining new ones when these are lost becomes expensive as compared to the cost of labeling. When it comes to ownership verification, they become very effective because the owners have different ways and unique tracking systems.
In some cases, color coding is used on the assets tags. Color coding is usually used for quick visual identification of department responsibility or ownership. Again, it becomes easy to identify the item to scan for a certain purpose in several assets are similar in form yet they differ in function. Also, color-labeled tags may be used instead of bar codes if the organization has limited assets.
On the other hand, bar codes offer machine readable recording, error-free, and prevention of manual transcription errors that are caused by humans. These bar codes are usually necessary and valuable for educational and business institutions with diversified inventories of physical assets that require monitoring, tracking, and maintenance.
Customers in this case benefit a lot as they do not have to spend their time waiting for identification of what they need. The price is tagged also and incorporated in the barcode therefore monetary calculations are direct from the reader. This reduces any waste of time as well as preventing overcharging by some attendants as well as preventing stealing. This also benefits the organization by realizing much profit.
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