What Is Asset Tagging?

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Marble Gross

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Asset tagging is the process of attaching tags or labels to assets to identify them and track data from real-time location to maintenance history. These tags can be assigned to both fixed and moveable assets that are spread across several locations making sure businesses have an all round view of their assets.

Asset tagging when used with Asset management software opens up a wide range of data tracking possibilities. When an Asset Tag is attached to the assets a wide range of data can be recorded in an Asset register. Asset data can include:

  • Real-time location
  • Users
  • Purchase history
  • Maintenance schedules
  • Depreciation value

What is the importance of tagging Your Assets:

Tracking assets has long been an essential process for asset-intensive businesses. But the ability to track assets is only possible when first beginning the asset tagging process.

The most important part of asset tagging is ensuring the right tags are chosen to collect data regarding the physical assets. Each tag is different and can collect different types of data. Tagging critical assets ensure important factors such as:

  • Theft prevention
  • Inventory control
  • Real-time tracking

Author: Etta Howard

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