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Property Identification Tags and ID Labels for Property Management

Property Identification Tags and ID Labels are a valuable tool for monitoring inventory, tracking company assets, preventing theft and streamlining processes. Making use of Property Identification Tags and ID Labels makes the job of a property manager much more efficient, lending to staff productivity, improved service levels and ultimately boosting the bottom line.

Property Identification Tags and ID Labels Explained

There are several types of Property Identification Tags and ID Labels, each serving a specific need. The right type of label for your needs depends on the environment in which the labels will be used, including exposure to chemicals and possible outdoor exposure to harsh weather conditions, the value of the item and the need for long-range scanning are all considerations in choosing Property Identification Tags.

Property Identification Tags and ID Labels fall into several categories, including:

Benefits of Using Property ID Tags

Why should you consider using Property Identification Tags and ID Labels? There are a multitude of benefits to implementing a property identification and tracking system for property management.

Inventory Control – The task of maintaining accurate inventory can be enormous. Manual inventory control is a laborious and time-consuming process. Rather than waste your company’s resources using old-fashioned inventory control methodologies, use a Property Identification Tag system to simplify the process, reduce the likelihood of human error and ensure that your inventory counts are accurate. This has a direct impact on an organization’s bottom line by allowing you to better serve your customers, reducing shipment delays and other hassles that lead to service issues.

Security for High Value Items – Property managers often deal with large quantities of high-value items. This could be products that will eventually make their way to consumers or valuable assets used for your company’s operations. In either case, theft and loss are major concerns when it comes to these higher-valued items. Property Identification Tags with built-in tamper-evident features can reduce problems such as unauthorized transfer and theft.

Regulatory Compliance – The federal government has strict property identification requirements for supplies used by the Department of Defense (DoD) and other agencies will help your company remain compliant and maintain valuable government contracts. Likewise, there are strict requirements for Government Furnished Property (GFP) to address the challenges associated with accounting for the equipment, supplies and other physical property either used by or acquired by vendors working as government contractors. The USD(AT&L) memorandum, “Standard Equipment Data Elements for Government Furnished Property Baseline Establishment,” creates a standardized business process with specific data and identification requirements for GFP to be maintained in the DoD Item Unique Identification Registry (IUID). Property Identification Tags and ID Labels can help you maintain compliance with these regulations for your all-important government contracts.

Efficient Use of Assets – Many organizations struggle with scheduling available assets needed to complete projects or tasks, often purchasing duplicate products so that they may be used simultaneously across departments or teams. Property Identification Tags and ID Labels can make this process more accurate, allowing you to adequately schedule equipment and other assets company-wide without the need for duplication.

Accurate Record-Keeping – Inaccurate records can make or break your organization. Property Identification Tags streamline record-keeping processes across your company, providing a foundation for standardizing processes. Using Property Identification Tags, you can update records automatically across your company, reducing the likelihood for errors due to out-of-date records and insufficient cross-team communication.

Reduce Expenses – All of these benefits lead to a reduction in expenses. An automated Property Identification system means you’ll spend less time digging through written records, tracking down errors and identifying the appropriate vendors for re-ordering and maintenance needs. You’ll also reduce money spent on reorder of duplicate items.

Features to Look For in Property Identification Tags and ID Labels

Whatever your Property Identification needs, there’s a Property Identification Tag or ID Label to meet your requirements. Depending on the type of assets you’ll be tracking, the value of the property, scanning requirements, whether your assets are fixed or moveable, and other factors, consider the following features:

Durability – Property Identification Tags which will be exposed to harsh weather conditions or chemicals must be durable enough to withstand these conditions. There are a number of Durable Barcode Labels and Asset Tags for Harsh Industrial Environments available to meet varying durability requirements, many of which will last 20 years or longer.

Tamper Evidence – When you’re dealing with high-value equipment and other physical property, theft and loss can be a major concern. Security Labels and Tamper-Evident Barcode Labels have built-in security features that reduce the likelihood of theft and unauthorized transfer. These destructible or tamper-evident labels leave a clear indication that your property has been tampered with.

Customizable Elements – When you’re working with teams across geographic areas that may be sharing assets, a standardized property management system is ideal. Property Identification Tags and ID Labels that may be equipped with various graphic elements, such as text, barcode labels, and even color-coding, can help you further streamline your property management system and reduce the confusion that can occur with non-standardized identification processes.

Regulation Compliance – If your company serves government entities, such as the Department of Defense, or other organizations with strict regulatory compliance guidelines, using Property Identification Tags and ID Labels equipped to comply with these standards is critical for maintaining these valuable contracts.

There are a lot of factors to consider when choosing Property Identification Tags. Read more about the various types of asset tags and property identification tags for various industries.

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