While you may not realize it Fixed Asset ID Tags are probably something you’ve seen many times; on a chair or a piece of office equipment, or perhaps on the vending machine downstairs in the break room. All of this is a part of what makes up a company’s Fixed Asset Management Program.
Fixed asset management tags are used to track every-day physical assets like furniture and fixtures and also to track expensive machinery and equipment, or reusable items like pallets and containers. Usually, this tracking is performed by scanning the barcode on a Fixed Asset ID Tag that is affixed to the asset in question, but Fixed Asset Management can also include Fixed Asset ID Tags that only have readable numbers which are documented by hand.
Implementing a Fixed Asset Management Program can bring significant benefits from correct valuation for insurance purposes (which minimizes premiums and rates) to reduction of unnecessary capital expenditure leading to tax reductions.
Contact ProductiveT to learn more about ways we can help you with you asset tracking needs.