What assets can get stolen? What assets do you capitalize? Which instruments are likely to end up "moving" to another department or, worse still, finding its way to a sub-contractor's inventory? Even schools and churches have assets that need to be marked: AV and sound gear, computers, lab equipment and, even, cell phones. Asset tags just make it much easier to track and to enforce your ownership rights.
It used to be that expensive assets were simply the large ones: a big punch press, a forklift, some large mainframe in the back room. These days, your assets are much more portable. They look alike. Tools worth $ thousands can fit into a carry-on case. The workforce is much more specialized and getting the right equipment to the right technician can cut lead times in half. Although certain PC equipment may be less expensive, the files inside are ever more precious.
As a result more and more hospitals, schools and companies are using asset tags. The benefits are clear:
• Asset tags help you retrieve equipment that has been stolen or lost. Your asset tags can even help provide a record, in case you wish to prosecute criminal activities. And, this, of course, will further deter pilfering.
• Asset tags help provide a visual record of your leasing contracts or other service arrangements.
• Asset tags are typically required by your insurance carrier for record keeping and validation.
• Asset tags are encouraged by police departments to help track stolen items.
• Asset tags are essential for year-end equipment inventories.