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Asset Management

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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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. Below is an overview of the essential steps in the asset tagging process flow. Identify the asset type and category. Assign a unique identification number. Determine …

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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 Part of those costs involves replacing worn or outdated technology.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 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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