A Definition of Asset Tags
Asset tags are identification tags attached to assets. Assets are defined as physical property, and fall into two primary categories:
What is an Asset Tag?
Asset Tags are attached to both movable and fixed assets for useful life identification, inventory control, “work-in-process” (WIP) and Computerized Maintenance Management Systems (CMMS) tagging.
Benefits of Asset Tags
Asset tags offer a multitude of benefits to businesses and organizations spanning every industry. Asset tags are the foundational component of effective asset tracking systems, enabling organizations to accurately record and monitor moveable assets as they move throughout an organization. Fixed asset tags are useful for automating documentation and collecting valuable data regarding asset utilization, automating routine maintenance, and tracking repairs.
For moveable assets, asset ID tags are a valuable tool in loss prevention. Assets shared among departments or those that frequently flow throughout an organization are often easily lost and, sometimes, stolen. The use of asset tags with built-in security features, such as tamper-evident asset tags, enable organizations to keep tighter control over assets that are rarely ever in the same location and provide a deterrent to theft of high-value assets.
Uses for Asset Tags
Asset tags and asset tag labels enable organizations in a variety of industries to track and monitor valuable assets. Below are a few of the industries in which asset tags are commonly used as part of a larger asset management initiative.
Types of Asset Tags, Asset Tag Options, and Examples
There are a multitude of types of asset tags, many designed for use in specific applications requiring superior durability or other features, such as tamper evidence to deter theft or unauthorized transfer. Asset tags include industry-specific asset tags, such as
Other examples of types of asset tags include:
These examples represent just a few of the many types of asset tags available to meet a variety of application-specific requirements. The variety of specially designed asset tracking tags available enables businesses to design a customized and comprehensive asset tag solution meeting application-specific requirements throughout the entire organization.
Recommended Reading on Asset Tags
For more information on asset tag solutions and best practices for asset tracking, visit the following articles:
See more educational resource topics, terms, and definitions here.
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