Top 6 Considerations for Asset Maintenance Management for Hospitals

Hospital facilities must be clean, well maintained, and ready to handle thousands of patients on any given day. Keeping these facilities and assets maintained is a huge and important task for this industry. In order to stay up to date with new technologies, many healthcare facilities are constantly reviewing and upgrading their capabilities. One central …

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50 Best Asset Management Software Tools

All companies, from local small businesses to the largest global enterprises, need to monitor and control their assets. Capital costs are often a major investment, with additional ongoing expenses for maintenance contracts and equipment repairs. Implementing the right asset management software tools can have a significant impact on any operation in terms of cost savings …

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What You Need to Know Before Buying Tamper-Proof Labels

Effective asset management provides businesses with an excellent platform for extending the life of their valuable assets and equipment and reducing the cost of ownership. Certain assets, such as laptops or other technology devices, may be more prone to tampering or theft. For these situations, a tamper-proof label can provide added security and reliability for …

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How to Compare Barcode Labels – Key Features to Look At

Most asset and inventory control systems include either barcode labels or RFID tags to identify items. These tags are often used in combination with scanning hardware and a centralized enterprise asset management (EAM) platform to create a complete closed-loop process for tracking assets and equipment. But to choose the best labeling solution for your application, …

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What You Need to Know Before Buying Barcode Labels

Choosing the right barcode labels is always easier when you do some planning before making a purchase. If this is your first purchase and you are implementing an entirely new system, it’s an opportunity to design an effective barcode scanning process from the start. Businesses adding new barcode labels to their existing operation have an …

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What You Need to Know Before Buying Cable Labels

Dealing with a maze of cables and wires is a challenge for most businesses these days. Especially for large factories, warehouses, and offices, there is a real need to come up with a comprehensive cable management plan. Using labels is one of the most important ways to ensure that your employees and any third-party contractors …

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5 Benefits of Barcoding for Enterprise Asset Management

Especially in today’s economic climate, warehouses and factories worldwide must continue to maximize the output from their limited hardware and resources. The search for greater efficiency has led many organizations to implement Enterprise Asset Management (EAM) platforms that have enabled drastic improvements in operations. Data from a recent survey conducted by A.T. Kearney showed that businesses …

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Using RFID for Inventory Management: Pros and Cons

In the ever-evolving world of inventory management, there’s a constant focus on improving efficiency. Companies of all sizes are regularly evaluating their current capabilities and finding ways to squeeze as much efficiency as possible out of their existing infrastructure while preparing to adopt new technologies that can take their performance to new levels. It is …

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4 Benefits of Inventory Management Systems

Purchasing the right inventory-tracking tools, like asset tags and bar code solutions, is the first step in the right direction for achieving a more comprehensive asset-tracking plan. But, these tools aside, the best thing an operation, whether it be in the retail, healthcare, utilities, manufacturing, education, or government spheres, can do is to devise and …

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50 Essential Equipment Tracking Tips You Need to Know

Now more than ever before, businesses have the power to track their equipment efficiently and, at times, with only small upfront investments. That said, there is currently a lot of competition on the market, which can make for difficult selections, particularly in terms of processes, software, and specialized tracking equipment. Luckily, the Internet is chock-full …

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What is Automatic Identification and Data Capture?

One of the most important technological advances that manufacturers, warehouses, and distribution centers have benefited from in recent years is automation identification and data capture, best known as AIDC. When implemented strategically, AIDC solves a multitude of problems from identity verification to tracking, and beyond. A Definition of Automatic Identification and Data Capture AIDC is …

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What is Plant Asset Management?

Plant asset management is a practice that is used by operations around the world, but many aren’t aware of the intricate ins-and-outs of the discipline and why it should be treated as an essential money-saving strategy in plants of all sizes. A Definition of Plant Asset Management Many corporations have asset management plans that include …

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6 Steps in Asset Tagging Process Flow

Any organization that utilizes asset tagging to manage physical assets needs a clearly defined, efficient process for tagging assets as they’re acquired and monitoring assets throughout their usable life. What is Asset Tagging? Asset tagging is the process of affixing identification tags or labels, also known as asset tags, to assets. Asset tagging is used …

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6 Best Practices for Effective IT Asset Tracking

Companies spend millions every year keeping their staff equipped with the technical equipment needed to support their organizational roles. Part of those costs involves replacing worn or outdated technology. Some come about due to businesses not doing proper IT asset tracking. Losing track of IT equipment means your organization could end up spending money on …

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5 Best Practices for Utility Company Asset Tracking and Management

Proper asset management allows utility companies to effectively service the nation’s energy and power needs. Any breakdown in this process brings the potential for catastrophic failures in the nation’s infrastructure. We’re not talking about counting a few office supplies. Proper utility company asset tracking and management mean knowing what type of valves were placed in …

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4 Best Practices for Fixed Asset Tracking

It’s not uncommon for business owners to get swept up in the nitty-gritty of daily operations, but by doing so, you could wind up neglecting certain areas that could be saving, or even making, you more money in the long-term. One of the most obvious examples of this is when businesses finally realize that its …

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4 Best Practices for Education Asset Tracking

We don’t often think of schools as being a particularly asset-heavy entity, but more and more, educational institutions are filling to the brim with pricey assets to better keep up with our ever-changing, technologically-driven world. Gone are the days of composition books and pencils lining the shelves of classrooms; it’s not uncommon to even see a …

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6 Best Practices for Healthcare Asset Tracking

Healthcare organizations rely on equipment, tools, and other assets to provide quality healthcare to patients. That includes more than just the medical equipment used in direct care, but also the computers and other assets that healthcare companies rely on to manage patient records, medical billing, and other processes that take place in the background. Effective …

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What is Asset Identification? Methods of Asset Identification, Best Practices, and More

Asset identification is an important process for organizations that manage a variety of fixed or movable assets, and it’s an essential component of an overall asset tracking system. Here’s a look at the methods of asset identification, best practices, and more. A Definition of Asset Identification Asset identification is a critical process for any business …

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3 Tips for Hospital Inventory Management: Implementing Asset Tracking Processes to Streamline Inventory Management

Hospitals often come under fire for inefficiently managing supplies and spending too much on inventory. As hospitals are forced to tighten their belts, materials managers, suppliers, and staff members are pressured to address inventory management; unfortunately, they often are told to do so in a time-consuming fashion involving manual processes that are inefficient and subject …

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5 Ways to Master Barcode Inventory Management: The Right Tools, Technology, and Training for Seamless Barcode Inventory Management Implementation

Every business that handles inventory requires an effective inventory management system, and barcodes have long been the foundation of the most effective, comprehensive, and reliable methods for managing inventory on a small or massive scale. Barcodes reduce the likelihood of human error, increase accuracy and efficiency, and help companies gain complete visibility into their stock …

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Best IoT Devices and Systems for Asset Tracking: 48 IoT Systems, Solutions, and Devices to Streamline Asset Management and Tracking

Industries of nearly every kind benefit from asset tracking not only because it prevents theft, loss, and damage, but because assets comprise such a large percentage of a company’s holdings that asset management is essential for meeting compliance and industry standard regulations. Asset tracking that delivers real-time data contributes to a healthy bottom line, and …

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Top Asset Management Training Programs & Courses: The 50 Best Resources for Mastering Asset Management Practices Online and Around the World

Fixed and physical assets comprise a large portion of a company’s holdings, and proper asset management and maintenance is critical to remaining compliant and meeting various industry standards. Companies also need to manage their assets to prevent loss, damage, and theft in order to maintain a healthy bottom line. Moreover, companies that employ asset management best …

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5 Ways to Use Asset Tags with Your Asset Tracking Software

Investing in asset tags is a great idea if your company deals with a large variety of physical assets. Bolstering asset visibility can lower overheads and save employees a lot of time. It also helps companies quickly pull up details, plan ahead for the future, and make well-informed decisions about procurement and maintenance. The worrying …

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3 Essential Asset Tracking Tips for Schools and Educators: Automate, Plan and Collaborate with IT

Schools of all kinds must accurately track their assets to comply with the Governmental Accounting Standards Board (GASB) standards and the Financial Accounting Standards Board (FASB) standards in addition to being accountable to their stakeholders. As schools rely more heavily on funding and endowments from outside sources, they must manage and track their assets in …

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What is RFID? Types of RFID Tracking Tags, Their Uses, Disadvantages and How They Compare to Barcode Labels

A Definition of RFID Radio-frequency identification, or RFID, utilizes radio waves to read and capture information on RFID tags. RFID tags are embedded with a transmitter and receiver and may be placed on objects and items that need to be tracked for inventory or other purposes. The RFID tags include a microchip that stores and …

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Top Asset Management Conferences 2020: 50 Events to Learn the Latest Trends, Techniques in Asset Tracking and Management

Having a better handle on your fixed assets is important to managing your bottom line, so there’s no better time than the end of the year to strengthen your fixed asset management and property management strategies and plans. You don’t have to figure it all out on your own, though. There are dozens of conferences …

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Camcode to Present at American Gas Association Tracking and Traceability Workshop

Camcode’s Director of Business Development, Alan Cunningham, will present on the topic of tracking piping assets at the American Gas Association’s (AGA) Tracking and Traceability Workshop on Thursday, October 13, 2016. Cunningham’s presentation titled, “Developing an Existing Piping Asset Traceability and Tracking Strategy” will focus on the current state of asset management for gas companies, …

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Using Asset Management to Improve Maintenance and Cut Costs

Camcode recently helped petroleum company MIPC identify pipeline assets through unique products and customized asset management services. Through Camcode’s Asset Management Services: • MIPC developed a standardized numbering system for pipes and valves to easily and efficiently locate and identify pipeline assets • Camcode’s Metalphoto® barcode labels enabled MIPC to adopt a Maximo® Mobility Solution for preventive …

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Tightening Budgets and Bolstering Security: Healthcare Asset Management Goals

Industries and organizations across the country are continually feeling the effects of shrinking budgets, strict regulations, and increased pressure to better manage resources. The healthcare industry is no exception. Such was the case recently when it was discovered that nearly $6 million in state-owned hospital equipment was missing from Louisiana State University (LSU) hospitals, and …

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Best Practices in Utility Asset Management: Maximizing the Lifetime Value of Your Assets

Utility companies frequently struggle with balancing the need to invest in modern equipment and infrastructure with demands to minimize costs for customers. One of the most effective ways to avoid substantial rate hikes is to maximize the lifetime value of every existing asset (as well as new assets as investments are made). To get the …

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Are Automated Data Collection Systems Cost-Effective? How to Justify Your Investment

Automated data collection systems are often a substantial investment, particularly for enterprises first implementing company-wide initiatives involving thousands of assets. Automated data collection champions within organizations are often eager to prove ROI in order to justify both the effort and the cost. Fortunately, justifying investments in automated data collection is feasible, and often within reasonable …

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50 Informative Articles on Best Practices in Asset Management, Procurement, Reporting and More for Educators

From government standards and compliance regulations, to accountability to governing boards, stakeholders, and taxpayers, public schools and universities and private education institutions have a great deal to account for when it comes to procurement and asset management. Facilities and equipment also need to be maintained and reported properly. Everyone wants to be sure that money …

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48 Top Inventory and Asset Management Resources for Schools and Educators

Public schools districts, private schools, and higher education institutions have a responsibility to manage their inventory and assets appropriately, because there are so many stakeholders involved. These educational institutions receive funding, tuition, and other endowments that make them especially accountable to those stakeholders. More importantly, these institutions fall under the governance of the Governmental Accounting …

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Maturing Solar Sector Creates Need for Solar Asset Management

The solar industry has been around for quite a few years, but it’s just now ‘heating up’ as advances in technology make solar a more feasible source of energy for a broader user base, particularly as costs trend downward and the ability for solar systems to ‘pay for themselves’ in terms of reduced energy costs …

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What is Asset Management?

A Definition of Asset Management Asset management is a process for tracking and monitoring a company’s fixed and/or moveable assets for financial accounting, preventive maintenance, and theft deterrence purposes. Asset management is important for compliance and managing the bottom line, but it becomes especially complex for organizations with multiple locations, fleets, field service workers, or …

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What are Metal Stickers?

A Definition of Metal Stickers Metal stickers go by many names, including metal labels, metal foil labels, and foil asset tags. No matter what you call them, metal stickers are known for their security and durability and for offering readability through the life of your assets. Metal stickers are an important component of asset tracking systems, …

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Inventory Management: Engineering your Business’s Success

The following article is a contribution by Vera Lim of TradeGecko. What goes into building your business? There’s what’s on the surface and visible to the world, like marketing campaigns to raise awareness for your brand – such as putting together a lookbook or running a social media campaign with influencers. But what of all …

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What is Barcoding? Learn about Barcoding Benefits, Applications and More

A Definition of Barcoding You see barcodes everywhere – from identification cards, to mail, to goods you purchase in a store. The small image of lines, or bars, and spaces are affixed to nearly everything you can imagine, for identification purposes. Specifically, barcodes use a sequence of vertical bars and spaces that represent numbers and …

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What is Asset Tracking?

A Definition of Asset Tracking Think about all of your physical assets. You may have more than you realized, and if you do, then you need to enhance your asset tracking practices. Asset tracking, sometimes referred to as asset management, is the method you use to track your physical assets, whether you scan barcode labels …

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