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.
Over the years, the function of these equipment labels has changed in order to accommodate more mobile, smaller and valuable assets. As a result, even the labels have changed as well to smaller, tamper-resistant and closely integrated with the equipment tracking software. Generally, these labels on equipment have various functions.
Tracking has now become a role or a function of a label. This becomes very important aspect since the tool can be easily tracked or traced to its location. For example, if the tool is placed in a crib and it is forgotten, it is very easy for a person to track it and retrieve it back to a site of construction. They help in locating equipment so that they are kept in safe custody. But the label should never be removed for that matter if you want to track the equipment.
Another function of these labels is inventory control. They are helpful in determining what assets you own. As a result, they play an important role when performing periodic audits of your assets, as well as calculating the value of assets over its life. These labels also play an important role in preventing theft. The tags make it easy for the employees or anyone else to return the equipment to the right person or owner. As a result, accidental misappropriation of assets is prevented.
Even if certain assets are less important may be because they are less important or less expensive, an organization codes them. This is brought about by the effectiveness of these tags and the cost associated with labeling them is less as compared to buying others when they are lost. These labels prove important in terms of ownership disputes.
These tags also come with different color codes. This makes it simpler and easier to classify the assets or equipment that can be yours. They are used to separate between different uses and classifications of tools. In case of mix-up, it becomes easier to identify as compared to barcodes where reading the codes will take a lot of time.
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.
Essentially, the process of labeling assets plays an important role in offering better services to customers. While equipment labeling reduces unnecessary spending by proper control of the assets, the end result is an increased customer satisfaction. As a result, your profits are boosted as well.
Over the years, the function of these equipment labels has changed in order to accommodate more mobile, smaller and valuable assets. As a result, even the labels have changed as well to smaller, tamper-resistant and closely integrated with the equipment tracking software. Generally, these labels on equipment have various functions.
Tracking has now become a role or a function of a label. This becomes very important aspect since the tool can be easily tracked or traced to its location. For example, if the tool is placed in a crib and it is forgotten, it is very easy for a person to track it and retrieve it back to a site of construction. They help in locating equipment so that they are kept in safe custody. But the label should never be removed for that matter if you want to track the equipment.
Another function of these labels is inventory control. They are helpful in determining what assets you own. As a result, they play an important role when performing periodic audits of your assets, as well as calculating the value of assets over its life. These labels also play an important role in preventing theft. The tags make it easy for the employees or anyone else to return the equipment to the right person or owner. As a result, accidental misappropriation of assets is prevented.
Even if certain assets are less important may be because they are less important or less expensive, an organization codes them. This is brought about by the effectiveness of these tags and the cost associated with labeling them is less as compared to buying others when they are lost. These labels prove important in terms of ownership disputes.
These tags also come with different color codes. This makes it simpler and easier to classify the assets or equipment that can be yours. They are used to separate between different uses and classifications of tools. In case of mix-up, it becomes easier to identify as compared to barcodes where reading the codes will take a lot of time.
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.
Essentially, the process of labeling assets plays an important role in offering better services to customers. While equipment labeling reduces unnecessary spending by proper control of the assets, the end result is an increased customer satisfaction. As a result, your profits are boosted as well.
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