If so, knowing the location and operational status of your company’s physical assets is imperative.<\/p>\n\n\n\n
It may sound repetitive, but we can’t overstate that your company’s profitability depends on being able to identify, manage, and control all of your assets.<\/p>\n\n\n\n
Physical assets are frequently used, sold, repaired, upgraded, removed, or even stolen. An asset management system<\/a> that uses asset tags or labels makes tracking and examining an asset’s history more effortless.<\/p>\n\n\n\n Right from acquisition through disposal and all actions in between, an asset tagging system streamlines the whole process.<\/p>\n\n\n\n By employing IT asset tracking system<\/span><\/a> and cloud-based solutions, companies may lessen the risk of missing assets while enhancing dependability and maintenance management.<\/p>\n\n\n\n This enables sectors like healthcare and retail to gain from labeling their mission-critical assets.<\/p>\n\n\n\n But before we delve further, let\u2019s cover the basics.<\/p>\n\n\n\n Asset tagging is attaching labels or tags to assets to uniquely identify and track data, such as location in real-time and maintenance history. Companies attach these tags to fixed and movable assets distributed over several locations and warehouses. This enables companies to understand their owned assets comprehensively.<\/p>\n\n\n\n With a projected global market share of $36.3 billion by 2025<\/a>, businesses are starting to recognize how crucial and advantageous asset monitoring can be to their operations.<\/p>\n\n\n\n Asset tags come in varieties. Traditionally, they printed these labels on tamper-proof polyester label strips and then stuck them on the resources. Thanks to these tags, it was simpler to identify each unique item and its owner.<\/p>\n\n\n\n After these came barcodes. Extensive asset listings could now be added and updated more easily. Additionally, there was a significant reduction in ID reading errors.<\/p>\n\n\n\n Now, as a result of the adoption of wireless technologies like RFID, BLE, etc., asset tags have become even more sophisticated.<\/p>\n\n\n\n Systems for asset tracking<\/span><\/a> and control make it easier to manage your physical capital and provide you the information you need to make better choices about your physical inventory, such as whether to repair or replace assets.<\/p>\n\n\n\n Additionally, asset tagging enables you to monitor and stop asset theft. Employing an asset management system<\/mark><\/a> with asset tags has additional advantages, such as:<\/p>\n\n\n\n Using an asset tag to track your assets and gather their data is quicker, cheaper, and more accurate than manual data gathering techniques.<\/p>\n\n\n\n Thanks to robust asset tags that stay legible in the harshest situations, you can monitor your physical assets without worrying that your label will peel off or fade.<\/p>\n\n\n\n What’s even better is that you can personalize them.<\/p>\n\n\n\n To personalize an asset tag or label, you can choose from a selection of materials, such as aluminum, foil, polyester, and vinyl, then choose the proper symbology and add logos or design elements to match your label requirements.<\/p>\n\n\n\n The capacity to tag assets and continuously track them is crucial regardless of the nature or size of your company.<\/p>\n\n\n\n Asset tagging gives companies offer advantages in addition to helping them count their assets.<\/p>\n\n\n\n There are two clear advantages to employing asset tagging tools.<\/p>\n\n\n\n Manually looking for a particular asset might take a lot of time in a crowded workplace with movable assets distributed over several areas.<\/p>\n\n\n\n Imagine looking up and down or going around in circles. The very thought is exhausting, isn’t it?<\/p>\n\n\n\n However, assets marked with a tag may be quickly recognized and located using asset tagging.<\/p>\n\n\n\n Only when employing tagging technology with real-time capabilities, which is included in devices like RFID tags and GPS trackers, is it possible to locate equipment fast.<\/p>\n\n\n\n Healthcare is a sector that strongly depends on time management. Allowing staff to track medical assets quickly can significantly reduce the time needed to obtain the appropriate equipment.<\/p>\n\n\n\n Without an automated tracking system, it is estimated that nurses in the US spend 6,000 hours every month<\/span><\/a> on average looking for medical supplies.<\/p>\n\n\n\n Businesses may eliminate the danger of losing essential assets by keeping this information readily available in an asset registry.<\/p>\n\n\n\n The asset tagging process can help lower the expenses of replacing lost or stolen equipment by casting a digital eye over the whereabouts of your assets.<\/p>\n\n\n\n The absence of asset visibility causes job site theft, which costs the construction industry $1 billion annually.<\/span><\/a><\/p>\n\n\n\n This can be avoided by employing asset tagging.<\/p>\n\n\n\n These assets are the kinds of tangible property that are kept in place permanently for the duration of their lifespan. Fixed asset tagging is also referred to as the tagging of infrastructural assets or the ones that the company and count manage as its physical properties.<\/p>\n\n\n\n Bridges, tunnels, structures, and equipment affixed to a building are fixed assets.<\/p>\n\n\n\n As implied by the name, moveable asset tagging are tagging of those assets that can move. These assets include non-infrastructure items like furniture, equipment, vehicles, laptop computers, and other transportable assets.<\/p>\n\n\n\n Several asset tags and labels are available for use when implementing an asset tagging system.<\/p>\n\n\n\n Each has its advantages and disadvantages.<\/p>\n\n\n\n Since the Second World War, radio-frequency identification, or RFID, has been used a tracking method. Retailer Walmart deployed it in 2004 to track consumer assets, igniting a widespread use of RFID tagging technology.<\/p>\n\n\n\n Durable RFID tags are a standard option for tagging assets since they’re readily available in many formats and offer variable frequencies, such as passive and active RFID tags.<\/p>\n\n\n\n Many sectors have benefited from asset monitoring<\/a> systems thanks to an RFID tag’s long-range and precise data-reading capabilities.<\/p>\n\n\n\n Thanks to RFID technology, clothing company River Island boosted stock accuracy from\u200270% to 98%<\/span><\/a>. Canus, a manufacturer of skincare products, uses RFID tags and sensors to keep track of the state of its products while in transit.<\/p>\n\n\n\n RFID technology includes NFC (Near Field Communication), a subset. Unlike RFID, NFC tags allow for two-way communication, enabling data transmission between tags and electrical devices.<\/p>\n\n\n\n NFC tags work well for asset tagging operations because they contain unique identification numbers. Because NFC systems are cloud-based, users may access data anytime and from any location.<\/p>\n\n\n\n These tags are directly attached to the assets, so whenever an item is used and returned, the asset tracking system<\/span><\/a> will provide you with an accurate and up-to-the-minute report on its usage and whereabouts.<\/p>\n\n\n\n NFC tags are designed for asset management with quicker processing times, improved accuracy, and safer interactions.<\/p>\n\n\n\n Since they scanned the first consumer barcode back in 1974, barcode labels have been connected to asset tagging. Because of their low costs and availability, barcode asset tracking<\/span><\/a> systems are widely used in businesses that keep hundreds or thousands of assets in warehouses and stock rooms.<\/p>\n\n\n\n<\/span>What is asset tagging?<\/strong><\/span><\/h2>\n\n\n\n
<\/span>Evolution of asset tagging<\/strong><\/span><\/h2>\n\n\n\n
<\/span>Asset tagging: How does it help to track your business assets?<\/strong><\/span><\/h2>\n\n\n\n
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![\"Benefits](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2022\/07\/Benefits-of-asset-tagging-Infraon.png\" "\\"\\"")
<\/figure>\n\n\n\n<\/span>Benefits of asset tagging<\/strong><\/span><\/h2>\n\n\n\n
1. Save resources and time<\/strong><\/h3>\n\n\n\n
2. Reduce loss and theft-related costs<\/strong><\/h3>\n\n\n\n
![\"Fixed](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2022\/07\/Fixed-asset-tagging-vs-movable-asset-tagging-Infraon.png\" "\\"\\"")
<\/figure>\n\n\n\n<\/span>Fixed asset tagging vs movable asset tagging<\/strong><\/span><\/h2>\n\n\n\n
1. Fixed asset tagging<\/strong><\/h3>\n\n\n\n
2. Movable asset tagging<\/strong><\/h3>\n\n\n\n
<\/span>What kinds of asset tags and labels are available?<\/strong><\/span><\/h2>\n\n\n\n
<\/span>RFID tags<\/strong><\/span><\/h2>\n\n\n\n
<\/span>NFC tags<\/strong><\/span><\/h2>\n\n\n\n
![\"NFC](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2022\/07\/NFC-tags-Infraon-Asset.png\" "\\"\\"")
<\/figure><\/div>\n\n\n<\/span>Barcodes<\/strong><\/span><\/h2>\n\n\n\n
![\"Barcodes](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2022\/07\/Barcodes-Infraon-Asset.png\" "\\"\\"")
<\/figure><\/div>\n\n\n
![\"GPS](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2022\/07\/GPS-tracking-Infraon-Asset.png\" "\\"\\""){kind=tracking}
<\/figure><\/div>\n\n\n![\"7](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2022\/07\/7-steps-for-efficient-asset-tagging-Infraon.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/infraon.io\/blog\/wp-content\/uploads\/2023\/07\/scanners-for-asset-tracking-software-Infraon-Asset-1.png\" "\\"\\""){kind=tracking}
<\/figure>\n\n\n\n