10 February 2017

Benefits Of Asset Labeling For Your Business

By Mary Walker


What one of the key requirements for any manager is ensuring is ensuring the traceability and security of the products with the organization. The most convenient and common way of achieving this goal is through asset labeling. The primary form to go about this is through bar codes and sequential numbering. Asset labels make it possible to track the history of your products as it shows all the steps from purchase to disposal.

One good thing about labeling is the fact that it makes it quick and easy to identify assets. As such, you end up not spending hours or your precious minutes tracking down something that you need to complete a task. Time wastage is one thing that increases expenditure, and you end up using a lot of money. When your employees spend less time tracking down assets, productivity is realized. Labels let you quickly get to any assets in seconds.

Labeling your assets is one sure way of maintaining compliance with regulatory agencies. Therefore, no matter what industry you venture, your business will be regulated. Labels provide a comprehensive data set that helps in maintaining compliance whether your organization is indirectly or directly accountable. This way, you can quickly identify issues, and at the same time develop resolutions.

Another advantage of using labels is that you get to simplify inventory management. Inventory management consumes time and a frustrating task your business faces if at all its product oriented. You get endless possibilities when you use labels in conjunction with a management software application dealing with assets. It becomes easier to manipulate data for analysis.

When your assets are labeled, you deter theft and unauthorized transfer. Use of labels is one of the convenient ways of increasing security and one of the biggest benefits you can achieve. When your label valuable items with a durable barcode, you keep off thieves as they are less likely to swipe such items to avoid getting caught. Also, some labels will provide evidence of tampering.

If you are thinking of keep track of all your valuables, and their maintenance and status, asset labels is the best decision you can make. The process entails simple tools that are used for recording and identifying valuable business equipment. Labels are available in a wide variety of styles and materials. You can customize a label to have your business name and logo. It is wise if you consider using a register as a backup in case of theft or fire.

It is wise to have a barcode printed on your labels. Audit checks are more efficient and convenient in the case of barcodes. Barcodes allow the auditing process to be performed quickly by scanning the barcode. When combined with the use of an asset management software, auditing is done quickly.

Labeling your asset is a good practice in any organization. When someone tries to remove a label, it leaves a void mark and as such crooks can have a hard time trying to resell your products if the label is destructible by itself. Also, you can claim your products by scanning the barcode.




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