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Asset Identification
Written by Steve Hudgik
For Want of a Nail
For want of a nail the shoe was lost.
For want of a shoe the horse was lost.
For want of a horse the rider was lost.
For want of a rider the message was lost.
For want of a message the battle was lost.
For want of a battle the kingdom was lost.
And all for the want of a horseshoe nail.
- Unknown
Even when a small, low-value item is missing, it can result in a major impact on your business. Asset identification provides a system that allows tracking of assets, monitoring of asset status and the need to replace assets, and the ability to locate needed assets when they are needed. Asset identification provides asset visibility delivering a number of significant benefits:
- Eliminate purchases of equipment you already have
- Save time finding needed items
- Prevent theft and loss of tools, equipment and other assets
- Have the ability to manage warranties, service contracts and upgrades
- Helps ensure proper preventive maintenance
- Improves inventory control
- Improves the ability to determine depreciation
- Eliminates unused/unneeded tools and equipment (support 5S)
A hidden cost in many organizations comes from lost, misplaced and missing assets. Asset identification helps prevent the unnecessary purchase of equipment, tools, parts and supplies you already have. The savings resulting from just this one benefit frequently pays the cost of implementing an asset identification system.
Asset identification is also critical for tracking the navigation of spare parts, for collecting data from inventory control points, and providing information for your Warehouse Management System (WMS).
Using Bar Codes For Asset Identification
Quality bar code labels make asset identification more accurate, cost-effective and reliable. Bar code labels are easy to make, if you have a DuraLabel printer. Quality bar code labels make entering asset tracking and condition data fast and simple. They provide a secure way of marking assets, and since bar code labels can also be read visually, they are easy to maintain.
For asset identification bar code labels to be effective, they must not fail. When an asset identification label falls off or is damaged, that item effectively becomes lost. That's why using a DuraLabel printer and supplies is so important for asset identification.
DuraLabel printers have more than 50 types of supplies available. That means you can always get the right bar code labeling supply for the job. For example, some tools and equipment might be used in an oily or greasy environment. You can make DuraLabel bar code labels that not only survive in an oily environment, new labels can even be applied to a surface that is soaked in a lubricant such as WD-40. And they'll stay in place.
DuraLabel supplies are available that will make asset identification labels that will stay in place on difficult to label surfaces such as wooden pallets, low energy plastic drums, extremely cold pipes and even in harsh chemical environments. Of course, DuraLabel also has cost-effective vinyl and poly labeling materials – but unlike everyone else, labels made with DuraLabel vinyl are warrantied for five years. No one else provides a warranty on the labels made with their supplies. That's why DuraLabel has become the leader for making durable asset identification labels.
Call 1-888-326-9244 today and ask about DuraLabel printers and supplies for asset identification.
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