If your company uses a large number of physical assets, asset tags are something you should invest in. Asset tags assist you when it comes to product visibility and they enable you to pull up quick details about the product you are looking for in your warehouse. You can use asset tracking tags alongside asset tracking software for a seamless rundown of your inventory. And when you have a good handle on what is in your warehouse, you can avoid problems such as over ordering or running out of a product. Here are 5 ways asset tracking tags can help you in your business.
Ease of Auditing. Your assets are one of the most important parts of your business. Your large items are absolutely worth a lot of money, but the large numbers of smaller tools and assets in your warehouse add up too. Additionally, smaller items are easier to steal and more tedious to replace. Asset tags make it simpler and quicker to carry out audits on the regular. This way you can keep better tabs on all of your assets to ensure no equipment is missing or if it is missing, who has it.
Schedule Preventative Maintenance. Asset tags allow you to check up and update the maintenance status of your assets. By keeping tabs on when your preventative maintenance needs to be performed, you allow for less downtime caused by the breakdown of equipment.
Convenient Status Checks. If you find an item which you do not know where it belongs, you do not have to take the time to go through paperwork to find its rightful owner or department. An asset tag will tell you where the item belongs and when/if maintenance needs to be done on it. You can also use asset tags to reinforce accountability if a piece goes missing or if a piece is found in a place where it should not be.
Locate Assets on the Go. Forming a digital database of your assets makes it much easier for items to be located even if you are not there. Instead of employees having to waste time trying the locate the right paperwork in your office or on file, you can simply look up an asset using an app on your mobile phone and relay the information to your employees remotely.
Keep Ahead of Stock. Keep track you the expirations on all of your stock in one place, and know how many of each item you have before you decide to order more. This will help you prevent overstocking and wasting money on assets which are not needed.