Assets are by and large numbered in most commercial or industrial premises in order that the company can keep a track of the asset. However, there are a few other methods that can be used instead of numbering to increase business efficiency when stocktaking and equipment tracking.
The traditional and at the time the best way of keeping a record of the items that your business owned was to number all of these and keep an asset register so that each asset could be tracked. However, with advances in technology, this simple numbering process has now moved into the 21st century.
It is now not necessary to go to those lengths and to have to rely on manual numbering by itself to keep a track of the assets. Today, modern and forward-looking companies, embrace today’s technology, they have integrated a barcoding and scanning system which makes retrieval and recording of data faster and much more efficient.
Asset labels are now available which can feature not only a unique number but also a unique barcode and even feature a company logo or a promotional message. These labels can be manufactured from a variety of materials, depending upon the location of the asset and these are durable, cheap and are the best way that a company can keep a record of the items that they own for stocktaking and for insurance purposes.