Fixed Asset Tagging: How to Use Fixed Asset Inventory Tags

Fixed Asset Tagging - How to Use Fixed Asset Inventory Tags

If you want more control over your assets, you’ll be able to use fixed asset inventory tags. With fixed asset tagging, you’ll gain more visibility and more accountability over your tools and equipment.

Using fixed asset inventory tags will help you:

  • Track asset locations
  • Streamline maintenance
  • Reduce asset downtime
  • Track asset usage data
  • See who has interacted with assets
  • Run reports
  • Create a fixed asset register

When you link your fixed asset inventory tags with a fixed asset management software, the possibilities are endless. You’ll save a lot of time and a lot of money.

 

using fixed asset tagging

 

What Are Fixed Asset Inventory Tags?

So, what are fixed asset inventory tags? They’re a physical tag that you can stick onto your equipment. They work by giving you the ability to link your physical tools and equipment to an online profile via scanning capabilities.

Fixed asset inventory tags come in a lot of different shapes and sizes. They can be QR codes, RFID labels, GPS trackers, BLE tags or barcodes.

Tagging and Tracking with QR Code Asset Tags

You’ll be able to mix and match these tags, as well as tag materials. So, if you have some heavy-duty equipment that goes through a lot of wear and tear, you’ll be able to invest in metal QR code asset tags, for example.

 

How Does Fixed Asset Tagging Work?

On your fixed asset management software, you’ll log all of your assets. In essence, you’ll create an online profile for each of your assets, much like a social media profile.

You can then add data to these individual asset profiles. Therefore, if an asset requires maintenance, you’ll be able to see which asset, where it is, and any other necessary information.

As all of these online profiles will make up your fixed asset register, you’ll be able to track specifics as well as trends in reports. So, if each individual asset has depreciation information attached to it, you’ll be able to see the overall trends related to all of your assets.

Fixed asset tagging, then, is the process of linking the physical assets to their online asset profiles. You’ll stick on a physical fixed asset tag and scan it in your asset tracking software.

Then, every time you scan this tag, the corresponding asset’s profile will appear, ready for edits.

 

using fixed asset inventory tags

 

How to Use Fixed Asset Management Software 

When your assets have been logged and linked to their digital profiles, you’ll be able to make use of the functionality fixed asset management software provides you with.

From the ability to book and checkout equipment to the ability to track equipment maintenance, all it takes is the scan of an asset’s tag before you can instantly edit that asset’s information.

Therefore, your operations are sped up and logged effectively, thanks to fixed asset tagging. 

Each scan of a fixed asset tag also updates the asset’s last seen location and the user who scanned the tag. This means that you can create an audit trail and gain visibility over where your assets have been and who has been using them.

To find out more about how itemit can help you with fixed asset tagging, saving time, and saving money, you’ll be able to book a demo using the button below.

You can also contact us at team@itemit.com or by phone at +441223 421611. Or, you can fill in the form below to start your 14-day free trial of our fixed asset tracking software.

 

Why not check out these blogs?

What is a Computer Asset Management System?

Tool Tracking Tips: How To Improve Construction Equipment Tracking

The Importance of Fixed Asset Management Software

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What is a Computer Asset Management System?

What is a Computer Asset Management System?

If you’re looking to scale up your business, you’ll need more automation. With automation, you and your colleagues will have more time to concentrate on scalability and all of those necessary jobs that keep on getting put off.

There are many ways to automate, from using CRM automation for your sales to automating emails and social media posting. Have you thought about automating your asset tracking, though?

With a computer asset management system, you’ll be able to automate a lot of processes related to your fixed asset register. What this means is that your expenses processes will be faster, better, and more transparent.

 

computer asset management system

 

What is Fixed Asset Tracking?

Fixed asset tracking is the process of logging, monitoring, and updating information related to your fixed assets. In our blog, you can find out more about what fixed assets are.

So, you’ll log your fixed assets onto a fixed asset register. This register is where you’ll also log information, such as asset location, asset maintenance, and asset usage data.

Overall, this fixed asset register is what will save you money. As it’s a register of everything you own, it’ll help you fill out your expenses and track important data, such as asset location or who is responsible for what.

 

What is Computer Asset Management?

Computer asset management follows the same principles of fixed asset tracking, only it’s more specific to computers. Computer asset management is under the umbrella of IT asset management, where you’ll track your USBs, phones, laptops, and, computers.

The first step will be to log your computers onto your online computer asset management system. As you’ll be creating asset profiles, your computers will have digital doubles online.
When this is done, you’ll be able to link the physical assets with their digital profiles. This will likely be done with the use of QR code asset tags.

Tagging and Tracking with QR Code Asset Tags

When this is done, any changes that occur to your physical computers can be logged onto your computer asset management system. Therefore, you’ll be able to view data related to your assets in an easy-to-use system.

Why Use a Computer Asset Management System?

Creating digital doubles of your computers ultimately automates a lot of your asset tracking processes. For example, the ability to report issues against your computers is streamlined and simple. 

All you need to do is scan the computer’s tag, whether it is a QR code or barcode, and update the information. As it’s so speedy, you save a lot of time when you’re updating necessary information, and it’s all captured in the same place. This means you don’t need to cross-reference changes from multiple different spreadsheets.

using a computer asset management system

You’ll be able to use a lot of the features a computer asset management offers, too, such as the ability to assign assets to your colleagues, check equipment out, report issues, and run reports.

Many of your business’ operations are streamlined by using a computer asset management system thanks to the level of automation it will provide.

To find out more about how you can use itemit to save your business time and money, you can book a demo using the button below.

You can also contact us at team@itemit.com or fill in the form below to start your 14-day free trial of our computer asset management system.

 

Why not check out these blogs?

Tool Tracking Tips: How To Improve Construction Equipment Tracking

The Importance of Fixed Asset Management Software

3 Reasons you Need Asset Register Software

Switch To A Computer Asset management System Today

Start your free 14-day trial now

Instant access. No credit card details required.

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Tool Tracking Tips: How To Improve Construction Equipment Tracking

Tool Tracking Tips - How To Improve Construction Equipment Tracking

Construction equipment tracking can help you solve a lot of the common issues that face the construction industry. Tools going missing, asset theft and lengthy asset downtime are all problems that tool tracking can help to solve.

So, why start tracking construction equipment? Because you get more visibility and more control over your equipment, and this visibility helps you save time and money.

 

construction equipment tracking how-to

 

Issues Facing the Construction Industry

There are many issues facing the construction industry today. Construction equipment tracking will solve many of these problems by giving you more visibility over what you own.

To name a few common problems you might find:

  • Asset theft
  • Unclear health and safety procedures
  • Asset loss
  • Costly asset downtime
  • Unclear responsibilities over assets

Overall, these issues are costing your construction business money. However, construction equipment tracking and asset management will mitigate these issues, and help you save time while you’re solving them.

 

Asset Management in Construction

The idea behind asset management is to have a register of your assets. You’ll be able to add any necessary data to this register, including asset maintenance histories and requirements, or asset locations.

This asset register will then show you everything you would need to know about your assets, such as the condition of assets, the person responsible for them, or where the assets are.

The idea behind construction asset management software is to simplify the process of creating, logging, and tracking this information. 

With asset management software, you get the benefit of a more automated process than a spreadsheet can provide. Check out this quick demo to see a little more about how you can streamline your construction equipment tracking:

When it comes to mitigating asset theft, you’ll also be able to use GPS tracking to view wherever your assets are in real-time.

Improving Construction Equipment Tracking

As you can see, asset management software has a wide range of benefits. How can you use this to improve construction equipment tracking? By applying a lot of the above asset tracking principles to your tools and equipment.

The use of an asset register, for example, is incredibly effective as it shows you everything you own. This makes it a lot easier to see any potential gaps in your expenses or your equipment use. Therefore, you lose fewer assets.

As you’ll also be able to see data related to asset use and interaction, you’ll also be able to make better-informed decisions. So, if you know that a piece of equipment is used incredibly frequently, you’ll also know that it’s worth purchasing another.

Maintenance is also streamlined with the use of reminders and issues management features. These features tell you and your maintenance team which assets require maintenance, whether reactive or routine, and when the maintenance is required.

You can mix and match construction equipment tracking features, too. So, you’ll be able to check equipment out when it’s required for maintenance, meaning that your whole team can see when an asset isn’t available for use.

Health and safety is much easier to improve, too, as you’ll be able to track and manage PPE. Knowing how many helmets you have and being able to assign this equipment to your colleagues makes everything a lot more visible and a lot safer.

To find out more about how itemit can help you improve your construction equipment tracking, you can book a demo with the team using the button below.

You can also contact us at team@itemit.com or call 01223 421611. Why not start your free trial of our asset tracking software by filling in the form below?

 

Or, you can check out these blogs:

The Importance of Fixed Asset Management Software

3 Reasons you Need Asset Register Software

Why you Need Equipment Tracking Software

Make the Switch to Better Construction Equipment Tracking

Start your free 14-day trial now

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or, download the itemit app to get started

The Importance of Fixed Asset Management Software

The Importance of Fixed Asset Management Software

Fixed asset management software helps you scale your business, keeps costs down, and increases the speed of your operations.

With fixed asset management software, you’ll be able to:

  • Track and monitor assets
  • View your entire fixed asset register
  • Track financial information
  • Track maintenance
  • View who is using what and when
  • And more!

Fixed asset management software provides you with a high ROI in no time at all.

 

tracking fixed assets

 

The Benefits of Fixed Asset Management Software

There are many benefits when you start tracking fixed assets. You’ll see a high ROI in both time-saving and in cost-cutting.

The visibility, control, and accountability fixed asset management software provides you with makes operations a breeze, whether you’re in an office, in the construction industry, healthcare, or any number of other industries.

To name a few of the benefits, with fixed asset tracking, you’ll be able to do the following:

 

Reduce Operational Costs

With the use of QR code asset tags, you’ll be able to view asset locations and audit where assets have been.

Every scan of a QR code will update an asset’s last seen location, as well as the user that scanned the tag.

What this means is that you’ll be able to create a full audit trail of where assets are, where they’ve been, and who has been interacting with them.

With this information, asset retrieval times are reduced, but you’ll also be able to see any gaps where more tool purchases are necessary.

Tagging and Tracking with QR Code Asset Tags

Minimise Asset Downtime

The ability to track maintenance helps you minimise asset downtime costs. These costs can cause a lot of frustration, as asset downtime is usually unavoidable.

With fixed asset management software, you’ll be able to set reminders for routine calibrations and maintenance, such as PAT tests.

You’ll also be able to raise, view, and edit asset issues. This means that if any of your colleague’s notice that a piece of equipment requires maintenance, they’ll be able to log this. 

Your maintenance team will then get an email and a notification telling them which asset is faulty, and what the fault is.

issues management software

Lose Fewer Assets

Having a full fixed asset register helps you mitigate certain issues, such as ghost assets and zombie assets. You’ll also lose fewer assets as you’ll gain more visibility through location tracking.

Having lost or unaccounted for assets causes many problems, including in terms of tax. If you have a complete, up-to-date fixed asset register, you’ll be able to claim the correct amount back in tax breaks.

Knowing what you own also mitigates problems such as duplicate purchases or unnecessary purchases, saving you money simply by showing you everything you own.

lose fewer assets with fixed asset management software

Using Your Fixed Asset Register

You’ll be able to use your fixed asset management software to create a fixed asset register. Your fixed asset register will show you all of the data you need to save time, money, and to make better-informed business decisions.

This fixed asset register is editable and exportable, so you’ll be able to share it with your finance team, HMRC, contractors, or anyone else that may need to see it.

To find out more about how itemit’s fixed asset management software can help your business, you can book a demo by clicking the button below.

You can also contact us at team@itemit.com or fill in the form below to start your 14-day free trial.

 

Why not check out these blogs?

3 Reasons you Need Asset Register Software

Why you Need Equipment Tracking Software

How To Track your Tools Using Asset Tracking Software

Try Our Fixed Asset Management Software Today

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

3 Reasons you Need Asset Register Software

3 Reasons you Need Asset Register Software

Asset register software is a system where you can log, view, and monitor your business-critical assets. It’s helpful across all industries, from healthcare to construction to churches to charities.

With asset register software, you’ll be able to lose fewer assets, spend less money, and save time on your day to day operations. Create a more efficient business by tracking on monitoring your things!

 

using asset register software

 

You’ll Spend Less On Assets

Without asset register software, you’ll be more likely to lose tools and equipment, spend money on duplicates, and buy unnecessary assets. 

Because you don’t have the data of what is used, how frequently, and by how many people, it’s much more difficult to make business-centred decisions on what to buy.
Asset register software helps with this. Having an asset register shows you what you own, and with the use of QR code asset tags, how frequently it moves between sites and is interacted with.

Tagging and Tracking with QR Code Asset Tags

This data shows you which assets move and are used frequently and which largely remain in one place. With this data, you’ll be able to make better-informed decisions related to which assets you need.

Also, thanks to GPS asset tracking, you’ll also be able to mitigate costs related to asset theft. In the construction industry, for example, theft of tools is a huge problem.

When you use GPS tags, however, you’ll be able to set up geofences to ensure tools remain in the correct location.

 

GPS tracking

 

You’ll Save Time With More Efficient Operations

Asset register software also saves you time. Thanks to GPS and geolocation capabilities, you’ll be able to see where your assets are at any given moment.

The time-saving capabilities don’t stop here, however. You’ll also be able to book assets in advance to indicate that they’re not available for use, allowing for better time management in your business.

To name just a few of the time-saving capabilities, you’ll be able to:

  • Book assets and check them in and out
  • Track and manage maintenance, minimising asset downtime costs
  • Assign assets to users, so you know who is in charge of what
  • Run speedy reports to see all the data you need
  • Track locations, as well as how long assets have been in a given location

 

save time with asset register software

 

You’ll Be Able To Export Your Fixed Asset Register

Finally, you’ll be able to export all of this data. What this means is that everything your asset register software collects will be visible, editable, and exportable thanks to a streamlined reporting system.

So, you’ll be able to run reports on which assets have been seen and used over the course of a week, for example. If you then want to show this data to your manager, boss, or procurement team, you’ll be able to export the data and therefore justify the expense.

Overall, the data you collect during your asset tracking processes is not only easily visible, but it’s malleable. This means that you’ll be able to add filters to your reports so that you can see exactly what you need to, exactly when you need to.

To find out more about itemit’s asset register software, you’ll be able to contact the team at team@itemit.com or phone us on (+44) 1223 421611. 

You can also book a demo using the button below:

Start Using Our Asset Register Software Now

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Why you Need Equipment Tracking Software

Why you Need Equipment Tracking Software

There are many reasons why you need to use equipment tracking software. From saving time to cutting operational costs, equipment tracking software will help.

With equipment tracking software, you’ll have a much clearer view of what you can own and what jobs you can assign equipment to. Overall, this will save you a lot of time, as you won’t have to search for equipment anymore.

 

heavy equipment maintenance tools

 

The Idea Behind Equipment Tracking

The idea behind equipment tracking is that everyone needs a register of what they own, just so they know what they need, what they can use, and what state everything is in.

With equipment tracking, you’ll be able to:

  • See what you own
  • See what requires maintenance
  • See who is using what
  • See where everything is
  • And more!

When you’re using an equipment tracking software, you’ll lose fewer assets and buy fewer unnecessary replacements.

So, if you’re in the construction industry, you’ll be able to view which equipment is available for a job using bespoke bookings features.

bookings and check in check out

So, using equipment tracking software will help you plan ahead for your operations, ensuring that they’ll be delivered on time and under budget.

 

Why Equipment Tracking Software?

You’ll want to invest in an equipment tracking software as opposed to using a spreadsheet as you get so much more functionality using something that is made for equipment tracking.

With a spreadsheet, there’ll always be the risk of ghost assets and zombie assets, but you’ll also have to update the data manually every time an asset moves or requires maintenance.

Therefore, spreadsheets waste your time and don’t give you a high ROI, as they actively prevent you from viewing where assets are and what’s happening with them. The chance for human error is far too high.

With equipment tracking software, however, you get so much more out of your assets. The information you can add is more than plentiful to add a great amount of accountability and transparency to your operations.

 

Asset Tracking Software Functionality

To name some of the functionality, you’ll be able to assign equipment to users or colleagues to see who is using what. 

You’ll also be able to share a list of your assets and set permissions so that contractors have access to the assets they require. Then, as they’ll have interacted with the equipment’s asset tag, you’ll also be able to verify that equipment has been calibrated and worked on.

Not only this, but you’ll be able to report issues, schedule maintenance, check assets out, and assign assets to locations.

Overall, you get an incredible amount of visibility over your things, meaning it’s a lot more difficult to lose an asset, as well as mitigating losses due to asset theft.

All of the data you collect is visible and exportable in reports. These reports help you by creating an automated fixed asset register, as well as by making your data visible and easy to read.

To find out more about how itemit’s equipment tracking software can help your business, you can book a demo by clicking the button below.

You can also contact us at team@itemit.com or start your free trial of our asset tracking software by filling in the form below.

 

Why not check out these blogs?

How To Track your Tools Using Asset Tracking Software

Using Asset Tracking Software in Healthcare

The Best Uses for a Fixed Asset Register

Try Our Equipment Tracking Software Today

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started