Wednesday, February 8, 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.

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.

When you have your valuable possession labeled, you can maintain compliance with any regulatory agency. It is a requirement by the state that industries be regulated especially those dealing with sensitive products. The good thing about labeling is that you get a data set that is comprehensive thus you can maintain compliance whether the business is directly or indirectly accountable. As such, you can develop resolutions and identify issues quickly.

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 you label your goods, you can deter unauthorized transfer and theft. As such, labels are an ideal option when it comes to increasing security for your products. What you need is a barcode that is durable. With such a barcode, thieves are kept off since there will fear getting caught swiping your assets. If items have been tampered with, a label will provide evidence.

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.

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.

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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