| Asset labelling and tracking means attaching a | | | | This can be a problem with, for example, school |
| numbered label to each of your items. Bar code labels | | | | equipment such as musical instruments. Using asset |
| are also an option to use alongside asset management | | | | labels will simplify this process. |
| software. The item numbers are stored in an asset | | | | 6. It's important to remember that some insurance |
| register which allows you to track and monitor your | | | | firms insist on seeing proof of ownership of business |
| equipment. Using this system has a number of | | | | items. Asset labelling and tracking can provide this. |
| advantages for businesses of all sizes. These include: | | | | 7. Asset labels are an investment which can save |
| 1. Labelling your equipment deters thieves. Potential | | | | your company money in the short and long-term. You'll |
| thieves will be able to see that you track and monitor | | | | waste less time and money on looking for equipment |
| your equipment and therefore are less likely to risk | | | | and replacing items that are lost or stolen. |
| stealing it. | | | | 8. Asset labels prevent theft and item swapping. |
| 2. Using barcode labels and asset tracking software | | | | Labels are available which are permanent or which |
| makes it quick and easy to do an equipment audit. | | | | leave a VOID mark if removed, making stolen or |
| 3. You'll be able to avoid wasting company time looking | | | | swapped goods pretty much useless in terms of being |
| for misplaced equipment or, worse, replacing | | | | sold on. |
| equipment only to find that you had the items all along | | | | 9. Asset labels are suitable for all types of equipment |
| but couldn't find them due to poor systems. | | | | and all sectors. This includes schools, private |
| 4. If you have a lot of equipment that you're loaning | | | | companies, government organisations, manufacturing |
| out, using asset labels makes coordinating this simple. | | | | plants and warehouses. |
| At any time the coordinator will know where an item is | | | | 10. Asset labels can be marked with your company's |
| and how many items are available. | | | | name and logo, making your equipment instantly |
| 5. If you have numerous identical-looking items, it can | | | | recognisable. |
| be difficult trying to keep track of each individual item. | | | | |