Barcodes and QR (quick response) codes don’t just serve consumer-facing products anymore. Proper asset tagging harnesses digital technology’s power to keep track of software items. 

 IT Asset tags are highly accessible and can undergo scanning with a specialized reader or any app-enabled smartphone. These help keep track of your IT assets.

What is Asset Tagging?

Small labels with a barcode or QR code are known as asset tags. Each item is assigned a unique tag, similar to a DNA marker. When you scan the code, you’ll get the following important details about the item:

Asset Tracking Model with Example

Why Is it Important to Tag Your Assets?

A well-designed asset tagging system accomplishes much more than simply showing where an item is located. It lays the groundwork for an effective inventory and asset management system that may help you digitise and streamline your operations swiftly. Companies that use asset tagging best practises can:

What Are The Major functions of IT Asset Tags?

Equipment Tracking

Object labels are used to keep track of an asset as it moves around. Asset tags must be kept with the asset for the duration of its life.

Inventory Control

Asset labels can help perform periodic audits of the assets involved in the business and calculate the asset’s value over its life-cycle.

Theft Prevention

The return of valuable assets is important. Asset labels make it simple to return any valuable instrument to its owner while also preventing inadvertent asset misplacement.

MRO Information

Scanning an asset label (with barcode specifically) can help you know about the database’s repair instructions and maintenance schedules.

How Asset Tagging Improves Efficiency

Asset tagging can be very complicated if one starts wrongly. Having an outline of your organization’s assets in place can simplify asset tagging and support efficient life-cycle management. 

First, one can choose the right labelling strategy by understanding your business goals and objectives. Ultimately, it will seamlessly encourage better efficiencies according to your operations. 

One can lower costs, improve equipment ROIs, and forego the risk of asset loss, theft and misplacement. IT Asset Tags are a crucial part of IT Asset Management.