From the AssetPad glossary.
Assign tags, unique identification numbers or barcodes to assets for tracking and documentation purposes.

We tag assets to help us find them in our tracking software.

Your average company might have dozens on laptop's in the stock cupboard, and manually checking the serial number is time consuming. Instead, we can use unique tags which are assigned to barcodes.

Key factors of tagging assets

  1. Integration with Asset Tracking Software: Asset tags can be integrated with digital asset management systems, providing a centralized platform for tracking and managing assets. When a tag is scanned, the corresponding asset information is automatically pulled up in the tracking software. This allows for real-time updates on asset location and status, as well as facilitating inventory management, maintenance scheduling, and reporting.
  2. Uniform layout: Serial numbers for Dell laptops might be formatted completely differently to the serial numbers of your printers. Engineers shouldn't waste time trying to find the serial number on unfamilar equipment. Tagging items with labels and QR codes allows engineers and support staff to quickly find the item in your tracking software.
  3. Security: Assets marked with a tag or sticker have a greater chance of being returned in the event of theft or loss.
  4. Cost efficiency: By improving the speed, accuracy, and efficiency of asset tracking, tagging can contribute to significant cost savings. It reduces the time spent on asset management tasks, minimizes the risk of asset loss or misplacement, and facilitates optimal asset utilization.