We are living in a world where technology rules. For any company, computers and other electronics are essential in operating a business. This equipment is considered tangible or fixed assets — valuable financial instruments owned by an individual or organization. And as with any valuable item, this type of asset needs to be secured and well-managed to prevent loss, damage or theft.
To successfully manage your assets, you should keep track of them. This is actually a part of the Sarbanes-Oxley Act of 2002. But many companies still struggle to properly track the location, position, category status, quantity and order of their tangible assets. It may seem like a big ordeal to undertake, but there is a simple solution to this — in the form of asset ID labels.
Utilizing asset identification labels is key to effectively track your assets throughout their life cycle in your organization. Asset ID labels monitor the status of your equipment, including their location and the date they need to be replaced. For asset managers, asset ID labels also aid in generating higher returns and reducing risks and costs.
Choosing the right type of asset ID depends on the type of your property, as well as the environment it will be placed in. Here are the different types of asset ID labels: (more…)