In its simplest form, asset tagging is placing an ID sticker on a piece of equipment so it can be tracked down when it needs to be replaced or if it gets lost or stolen.

How Does Asset Tagging Work? Once you’ve figured out which types of tags to use for which assets, you’ll need to know how to integrate the tags with a single asset tracking software interface.

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Asset tags are adhesive labels that typically include a barcode and a sequential number identifying the unique asset to which the tag is adhered — anything from a student laptop to classroom speakers.

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Improved Inventory Management. When asset tagging systems are implemented for inventory management purposes, the process becomes more streamlined and effective for companies or organizations.

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The process has long been used for tracking lost or stolen equipment but increasingly facilities managers are using it to speed, simplify and systematize repair and replacement.