Answered July 28 2019
Assets should be tagged by a unique identification number or barcode and categorized by a method that’s compatible with your accounting system. In addition, the type of asset tag should be selected carefully to withstand harsh environments, operate in specific working areas, and adhere to other company policies or situations.
Each asset should have a number, barcode or RFID that’s unique to that item so it can be accurately tracked within your computerized system or CMMS. Some companies find it useful to start all items belonging to a certain department or division by a common number so it’s easy to see basic information at a glance.
If you’re starting an asset tagging system from scratch, it is important to create a categorization system so that like assets are grouped together. Ideally, this organization matches your accounting system to make valuations or handle depreciation, replacement, and disposal tasks easier throughout the process.
One common schema method divides assets into four categories: information, software, physical and services. Asset tagging would be appropriate for physical assets, and this group can be further subdivided into furniture, computer equipment, maintenance-related assets, and technical equipment.
A wide variety of types of asset tags are available and can serve to identify many different physical assets. For example, some assets may require durable, heavy-duty tags that will be exposed to harsh chemicals or inclement weather conditions. Others may require security tags that can trigger alarm systems if items leave a particular area. Some tags can be fixed with adhesives while others use mechanical attachments.
Barcode tags must be accessible for a technician to see and scan it easily within a certain range while some RFID tags may be able to send signals over a longer distance.
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Oil & Gas
Purchase order tracking, also called PO tracking, is the step-by-step process of tracking a purchase order from conception to the final delivery.
In the time it takes your average person to manually type a couple letters or numbers, you can scan a single barcode containing numerous characters at once.
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Inventory management makes much of our world today progress in an orderly fashion. Here are some of the most interesting facts about inventory management.
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In some facilities, inventory management tends to become a collection of practices that one generation hands down to the next.
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The best ways to organize your warehouse involve wise layout design, management software, and labeling systems.
Warehouse racking is the system of shelves, configuration, and location of the physical structure required to hold your inventory items.
Leak detection and repair (LDAR) refers to U.S. Environmental Protection Agency regulations designed to help reduce volatile organic compounds (VOC) and volatile hazardous air pollutants (VHAP).
The top supply chain management degrees are usually majors, concentrations, or degrees in supply chain management, operations, or logistics.
A 2D barcode is a set of small geometric shapes organized within a square or rectangle to store information.
The term 3pl refers to third-party logistics, which means that an outside company takes over the receiving, storing, picking, and shipping of your products.
A piping and instrumentation diagram (P&ID) is a picture of the piping, instruments and controls for equipment in the process industry.
Supply chain logistics is the management of all the companies, transportation, warehouses, and distributors needed to deliver a final product.
Barcode types can be categorized into three main groups: numeric, alpha-numeric, and two-dimensional.
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An asset tag is an identification label that is connected to a company’s physical equipment or property. Assets come in various forms - some fixed and some movable!
The main differences between QR codes and UPC labels are the how much information they can hold, how they appear, and the type of equipment required.
Barcoding is an identification method used by a wide variety of companies to track, identify, and manage items in places such as grocery or retail stores.
Choose a barcode scanner by thinking about what you will use it for, how often you’ll need it, and what kind of technology must be integrated with it.
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Warehouse automation includes all the software, people, and processes that are required to automate warehouse tasks to improve efficiency and accuracy.
Warehouse logistics involve all the people, processes, and programs required to keep your items moving in, around, and through your warehouse.
UID stands for unique identification and is a required asset identification program established by the United States Department of Defense.
An inventory management system keeps track of items that an organization purchases to manufacture or deliver its final product or service to its customers.
Radio frequency identification (RFID) tags are an advanced barcoding system used by facilities to track assets.
Inventory management systems include complete and detailed records of materials and items so that they can be tracked and used efficiently.