Asset management is a topic that is not discussed more often but the truth is that few organizations today have a thorough understanding of what assets they have at any given time. Having an accurate data that shows condition, location and responsible contact ensures that assets are available when needed and that they can be used when needed. With an ever growing asset base organizations are constantly struggling to address a variety of issues surrounding accountability of their assets.
Most organizations are faced with problems which are as a result of poor asset management system such as:-
- Over investing on fixed assets
- Over investing in repair and maintenance
- Not completing proper auditing of assets
- Incorrect information on assets
- Lack of support
- No balance in asset elements
- Too little risks taken for growth
- Not knowing exact worth of asset base
- Loss of asset by employees without holding them accountable
Fixed asset management is an important function, although it is something some organizations fail to realize. The fixed assets in some businesses directly contribute to turnover, and hence profitability, and without these key fixed assets the business would fail. Because of the importance of fixed assets it is important they are adequately managed. Even if the fixed assets deployed by a business has no direct effect on turnover, they are still important and should be adequately managed.
GS1 Barcode Asset Tagging Solution
Fixed Asset Tags
Our flagship asset tags products are made of anodized Aluminium which come with acetone activated adhesive. These tags are ideal for assets with a long lifespan of around 8 years. Theyare ideal for both indoors and outdoors assets with the capability to withstand hightemperature and corrosive environments.