Every company uses hundreds of assets on a daily basis. An "asset" is any item that a business uses internally, such as IT equipment, office equipment, tools, etc. Our Asset Management solutions can help your company accurately and efficiently track any of your business' assets. Rather than wasting time searching for and replacing lost assets, you can now keep track of all your valuable assets with a convenient, easy to use complete asset tracking system. The following are some examples of common company assets:
The first step in determining an asset tracking system is to understand whether you are dealing with assets or inventory. Assets are "permanent" objects that a business uses internally, such as computers, tools, or educational material. Although employees may check the object in or out to go out on an assignment, or even use at home, an asset ultimately belongs to the company and must be returned to the company.
Inventory tracking, however, refers to objects that are sold, distributed, or otherwise consumed by a company. These "temporary" objects include retail items and office supplies. To begin, compare your objects with the chart below to determine if you need Inventory tracking or asset tracking.
| Description | Asset | Inventory |
|---|---|---|
| Objects used internally, such as computers, tools, and educational materials | X | |
| Track depreciation of company property | X | |
| Track maintenance on company equipment | X | |
| Objects are for sale or resale | X | |
| Ability to track/monitor reorder levels | X | |
| Objects are "temporary" and/or often replace, such a paper, pens and other consumables | X | |
| Employees may check objects in and out | X | X |
Do you have everything required for your Asset Management needs? Look below or call a BarcodesInc product expert for help on implementing your Asset Tracking Management System.