Sunday, February 5, 2017

Why Asset Labeling Is Important For Your Business

By Mary Walker


Nowadays, almost every business ceaselessly strives to reduce their daily expenditure and in the process save money. If your business has lots of physical assets, knowing their operating condition is important and their location. Therefore, investing in asset labeling can help your company save a lot of money in the foreseeable future. Make a point of implementing systems that will help prevent the assets from being stolen or misplaced.

Labels are an ideal way to monitor physical assets as they are transferred between the department and move throughout the organization. As such, you gain a better view of complete physical asset portfolio for the entire organization. Also, you are in a better position to identify needs easily and eliminate wasteful duplication of assets as you can manage your resources in a much better way. You end up managing time and improving productivity.

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.

The use of labels simplifies inventory management. Inventory management takes a lot of time and can be frustrating for a product oriented business. Labels provide you with endless possibilities when used in conjunction with a software application that deals with assets. Labeling results in effective asset management which in turns leads to efficient inventory management.

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.

Labels are proving to be among the best methods of monitoring your fixed assets. If the maintenance and status of the assets are becoming a challenging task, using labels is a decision you will not regret. You can attach the labels with the use of permanent adhesives and also you can choose to customize them to bear the name of your business. A label can help you make an insurance claim as it proofs the materials were in stock.

A Label can have a barcode printed on it. The barcode feature is important as it can be used for audit checks. As such, auditing can be done very quickly and efficiently by scanning the barcodes at the same time using the assets management software.

When you scan a barcode or see the label, you should be in a position to claim items belonging to you. When products are properly marked with a personalized tag, claiming ownership or authorizing a product is very easy. You can add the name of your organization, telephone number, or address to a label. Claiming authority is easier if the label is personalized.




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