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To more effectively and reliably identify commercial corporate assets for financial reporting, location tracking, maintenance management, and loss prevention, asset tagging is a method that labels those assets. We are a fixed asset tagging firm in Kenya offering comprehensive fixed asset tagging services as well as tamper-proof asset tags made of aluminum.
Property owners can use a bar-code scanner to take an inventory of the assets after the initial tagging procedure is over, producing a number of reports that can be accessed on a computer.
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In order to apply asset tagging, businesses often select a minimum value threshold for machinery and FF&E (furniture, fixtures, and equipment). Tracking mobile assets, such as tools and laptops given to employees or contractors, is extremely crucial.
Asset tags for inventory can be applied to the storage space rather than the individual inventory item. To ensure that the business maintains consistency in reporting, each time an asset is bought or an item of inventory is received, it should be tagged and scanned into the system before being used, checked out to an employee, or sold.
To assist you in removing “ghost” assets from your asset register, we may also do asset verification and asset reconciliation.
Asset tracking is a technique for keeping track of physical assets, either fixed or movable, and frequently both. Asset tracking, which is also sometimes referred to as asset management, automates the tracking, managing, and distribution of physical assets using barcode labels or asset tags that are attached to the assets and read by barcode readers.
To meet the needs of the company’s data management, alternatives for asset tracking software are available. Property identification variables like the year, type, manufacture, model, and serial number can be included in the data input for each asset.
Numerous Benefits of Asset Tagging
Many asset tags have barcodes that may be read to retrieve data on the asset, record maintenance data, and do much more. By removing the need to manually track and log asset information, barcodes contribute to the reduction of errors. Other advantages are:
Asset tags also make it simple to immediately report changes and locate assets when necessary when assets are lost, borrowed, or moved from one department to another. The amount of time spent seeking for these assets is drastically decreased, saving time and money.
- Financial accounting
- Improved efficiency and accuracy
- Preventative maintenance tracking
