Asset Tags / Asset Labels are used to monitor and track a company’s physical assets. Combined with an asset management software program, asset tags are the foundation for a seamless process of repairs, maintenance and inventory control for companies.
Physical assets can be defined as one of the following types:
Moveable assets. This includes furniture and equipment not part of a building or infrastructure. Laptop computers are a good example of a moveable asset; a laptop may change hands and locations many times throughout its lifespan. Asset tags in this case are used for inventory control, assignment of equipment or supplies, and loss prevention.
Fixed assets. This type of physical asset is also known as an Immovable Asset and essentially defines any physical property controlled by an enterprise which remains in a fixed location throughout its lifespan. It can include lighting systems, buildings and any machinery or equipment attached to a building. In this case, asset tags offer the ability to produce a broad map overview that identifies the company’s assets for the purposes of analysis and project planning. Asset tags are also used to track maintenance and repairs of fixed assets.