What are the benefits of Asset Tagging?

What is an Asset Tag?

Asset Tags are identification tags that are attached to fixed or movable assets. A fixed asset would be classed as anything that is attached to a building or retail space, whereas a movable asset is furniture or equipment that isn’t part of or attached to a building. In today’s retail environment, it is more vital than ever to keep maintenance costs under control. Therefore, getting the most out of new and existing assets is key, and Asset Tagging provides the tools to do just that. Overall, the primary function is the tracking and detailed monitoring of valuable assets.

Benefits of Asset Tagging include:

Real-Time Tracking	Data Capture	Logistics Management

Monitor Maintenance	Feasibility of Asset	Track Sales Performance

There are many benefits of asset tagging – especially when it comes to logistics management, data capture, real-time tracking and inventory management. Monitoring individual assets can lead to cost savings, the controlling of stock-loss and even equipment downtime. Location analysis and inventory control make up an integral part of any Retail Audit – answering questions such as where is my asset and how many do we have?

Furthermore, location of where in the store the asset is situated, and what that means in relation to sales. Decision making analysis, in terms of Purchasing, Fix and/or Replace, is another one of the benefits of Asset Tagging – as the true cost of implementation can be measured as well as the longevity and history.

Our Asset Tagging Solutions

We have experience and skills in providing Asset Tagging Solutions for brands and retailers in different sectors. Our clients are provided with the tools to monitor the exact details as to how each piece of furniture is being utilised within store or retail environment. As a result of this, maintenance issues can be accurately tracked and trends can be identified.