Nowadays, lot of companies are struggling in terms of tracing down their fixed assets like tracking the sites, quantity, condition, data concerning an increase and decrease of the company’s assets, and among others. The purpose of tracing and updating assets data includes having up-to-date financial reports, having preventative maintenance, and most of all anticipating theft instances.
If the company does not have a reliable precise system for keeping vital information, then it is easy to lose track from every important detail from any transactions or activities happening in the business. Thus, lost assets will greatly affect any business including replacement cost of the asset and cost of lost proprietary data.
There are actually three components for an accurate asset management system. These are bar coded asset tags, asset tracking hardware, and the asset tracking software.
• Bar coded asset tags
These are use to identify and trace both the assets and inventory for the entire business firm. They are 100% secured and hard to eliminate so these are very reliable especially for preventing theft instances.
• Asset tracking hardware
It includes a variety of bar code scanners. You can avail these scanners on the market. One good example for a bar code scanner is the cable scanner. This kind of scanner enables from transferring data towards an asset tracking application once it has linked to a PC workstation. Moreover, cable scanner like Data logic Gryphon can read a good number of regular linear bar codes that features high-speed reading and wide 42-degree angle for reading broad bar codes. Next in line is the mobile scanner. This permits vital data to be synched between a mobile computer and pc application for such a good time while scanning the items anywhere they are found. A good example with this type of scanner is the Data Logic Memory mobile computer. It has lighter weight, is more compact and can work with versatility. It also features an incorporated laser scanner and a colorful touch screen display.
• Asset tracking software
It allows all vital information of the company's assets to be kept in one location. One great example for this is the Redbeam Fixed Asset Tracking software which permits the company to locate asset information in their database, lessen their lost assets, enhance their equipment and cut down overall expenses. In addition, this software can utilize interface and strong reporting capabilities and can able to limit the time it takes to carry out intermittent physical inventories.
The most reliable proof for an asset management lies on the numbers itself. Hence, by employing an asset management in a business establishment it will surely reduce the time required for a manual inventory by 75% in approximation.
The most reliable proof for an asset management lies on the numbers itself.