Most companies use some form of tracking for materials coming into the business and products going out of the business. In small companies or startup businesses, it may be easier and cheaper to do this manually. However, once internal inventory, new material, and outgoing products reach a certain level, manually tracking through the system becomes ineffective and impossible.
Asset tagging using barcode stickers, RFID barcodes, NFC tags, or even QR codes allows tracking of any device, inventory, or equipment through the system. Each of these options has pros and cons. Still, all offer the ability to track items and reduce internal and external theft.
There are other benefits to asset tagging in addition to inventory control and theft management. Understanding how to incorporate these benefits into your business helps to streamline processes and avoid costly oversights.
Maintenance Services
Utilizing asset tagging allows the company to track fleet vehicles and more effectively manage service and maintenance. The use of fleet management systems that incorporate data from asset tag readers helps ensure vehicles are serviced on the recommended schedule. This extends vehicle life and reduces potential problems for drivers.
Manage System Efficiency
In production and manufacturing facilities, using tagging on assets provides a clear picture of the processes and the movement of the tagged asset through the facility. This information is valuable in determining areas of bottlenecks, inefficiencies, or slowdowns.
The data from tags can be tracked over time, looking for performance patterns that can be corrected or adjusted for increased productivity and efficiency.
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