Saturday, February 4, 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.

When your assets are labeled, it becomes quicker and easier to identify them. With labeled items, time wastage is significantly reduced as you will not end up wasting precious minutes or spending hours tracking an item that you urgently need to finalize a task. When time is properly managed, expenditures are significantly reduced. The result is saving good sums of money. When less time is used tracking down items, employee productivity is achieved.

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.

You can have barcodes printed on your labels. One reason you need to use barcodes is that they are used during auditing. They allow verification to be carried out efficiently and quickly. During auditing, the barcodes are scanned, and the management software is also used to ensure the process is effective and quick.

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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