Barcode Asset Tracking

Companies and businesses do not manage to keep track of all their assets, even though the worth of these assets may run into millions. This also leads to financial losses for such company. It is possible to have a list of the company’s assets and worth, but traditional methods of keeping these records are incapable of keeping additional information such as the location of the assets, its worth, maintenance and use. However, this problem can now be resolved by using the barcode asset tracking, which will provide the company with adequate information about its location, maintenance costs, its depreciation value and the date since it has been with the company.

When combined with an information system, barcoding enables businesses to track merchandise and perform inventory management, asset tracking, and field data collection. Inventory can be reconciled in a fraction of the time required for that of manual procedures. Key assets can be tracked by the location where they have been transferred to or by the personnel that has checked them out. Data collection can be performed with fewer errors and barcoding provides more accurate data while saving both time and costs. It can manage data in a variety of industries including retail, warehouse management, UK mail tracking, construction site equipment tracking, medical equipment tracking, fire extinguisher inspections and fire alarm testing and inspections.

These barcode asset tracking systems come in handheld form or can be computer-based, and can keep track of all kinds of assets, fixed and movable, by assigning them a barcode. Barcodes assigned to assets prove to be beneficial for auditing purposes, as they become easily identifiable.Image result for Barcode Asset Tracking

Having barcode asset-tracking systems have many advantages. Here are some; ●      The asset can be traced by an address, name or business

  • The costs of the asset can be gauged
  • Helps cut down expenses by checking on what assets already exist and not wasting money on similar items ● Complete reports about the asset can be seen
  • Time-saving as equipment required is all listed
  • Better service and better management of resources helps maintain a tighter budget ● Helps cut down on lending without prior sanctions
  • Easy to begin with a simple inventory system

Tracking inventory manually is a difficult process. With barcodes given to each item in inventory, portable scanners can be used. This provides a company the chance to reduce stock levels, thereby reduce carrying costs. Reduced cost is the most obvious benefit of barcode data collection. In many cases, these cost savings alone are enough justification for implementing such a system. It also reduces the time taken to collect data for purposes such as annual inventories. With improved efficiency, operating costs are lower. A word of caution though, make sure you choose a company that has an excellent reputation and is one of the best in providing barcodes asset tracking system solutions in he UK. That could be a little bit difficult, right? You needn’t worry, ExPD has got you covered. ExPD has supplied system solutions and services centered predominantly on mobile computing allied to barcode and RFID technologies. For more information about ExPD, click here

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