Why use inventory asset tags?
You can keep track of anything from library books to shipping containers with inventory asset tags. These tags have a range of benefits including discouraging theft, creating brand awareness and allowing you to record inventory more accurately.
First off, there is a variety of inventory asset tags to choose from. They come in an assortment of styles and materials — from multi-part barcode labels and vinyl tags to laminated labels and metal tags. They can also feature different kinds of information, including barcodes and text to just numbers.
Using asset tags allows you to easily create and manage an accurate record of your inventory. Applying barcode tags to each item in your inventory makes it possible to simply scan items with a handheld barcode scanner and upload information about each item into an Excel spreadsheet. Item information should include a description of the product as well as its location, supplier/vendor information, cost and minimum inventory amount. It’s useful to make sure that the tag includes the company’s name and address in case it is lost. It’s also important that each item has a unique number so that it’s easy to locate and track each item.
Maintaining an accurate inventory allows you to run a more efficient business. For example, keeping track of the number of items you have in stock allows for easier re-ordering, and also ensures that future sales forecasts are spot-on. Accurate inventory numbers can also reduce production costs by showing which items are most popular, and should thus be produced more, and which items are performing poorly, and should be discontinued. Finally, having up-to-date inventory numbers also makes it possible to keep better track of orders, which will reduce the likelihood of shipping errors and improve customer service.
If there are inventory items that employees have to check out for different jobs, such as a power drill for a construction job or a weed whacker for a landscaping gig, scannable barcodes allow you to keep track of which employee last had a specific item. Keeping a record of this kind of information can discourage workers from stealing items.
Using the same customized tags on all of your items also allows you to spread the word about your company. Be sure to include your business’ name, logo and colors on labels. This will increase the visibility and familiarity of your brand among the public. It will also ensure that employees automatically recognize labeled items as company property.
When it comes to finding the asset tag that’s right for you, be sure to consider what kinds of conditions the label will be exposed to. If you’re keeping track of office supplies, a simple low-cost barcode label is probably the way to go, but if you’re overseeing a whole warehouse of outdoor machinery, metal tags are likely the best choice. Also keep in mind that asset tags are often subjected to more wear and tear than people anticipate, so be sure to pick a label that’s durable and long-lasting.