Asset tags are unique identifiers attached to a company’s physical assets. It may be a piece of equipment or property for tracking and management. The various types of asset tags include:

1. Barcode asset tag
2. QR code asset tag
3. QR code asset tag with paragraph content
4. Numbered asset tag
5. Variable Data asset labels
6. Tamper-evident asset tag
7. Durable asset stickers

Using asset tags or asset labels helps companies keep track of their assets, improves inventory management, and facilitates decision-making processes related to asset allocation and replacement.

Three Most Common Used Types of Asset Tags

1.      Barcode Asset Tag

A barcode asset tag is a label that contains a barcode that can scan using a barcode scanner. It enables organizations to maintain inventory records and monitor the movement of assets. It also retrieves information about an asset’s status and history.

Barcode asset tags are suitable for many assets, including equipment, machinery, vehicles, and computers. In addition, it is a cost-effective solution for organizations of all sizes looking to improve their asset management processes.

2.      QR Code Asset Tag

QR Code Asset Tag contains a Quick Response (QR) code. They can scan quickly and easily using a smartphone without specialized scanning equipment. As a result, they are ideal for use in many environments, including equipment, machinery, vehicles, and computers.

Using QR code asset tags helps organizations improve their asset management processes, enabling more accurate and efficient tracking of assets, and reducing the risk of lost or stolen assets.

3.      RFID (Radio-Frequency Identification) Asset Tag

An RFID (Radio-Frequency Identification) asset tag is a type of asset label that uses Radio-frequency technology to identify and track assets within an organization. The tag contains a tiny microchip and antenna that an RFID reader can read—making it possible to track the purchase without needing a direct line of sight.

RFID technology enables real-time tracking and monitoring of assets, even in motion or difficult-to-reach locations. It also stores a large amount of information about the purchase. For example, the data can include the asset’s description, acquisition date, cost, location, maintenance history, and depreciation.

What are Fixed Asset Tags?

Fixed asset tags are labels or tags used to identify and track fixed assets, which are long-term tangible assets expected to use for more than one year. These assets include equipment, machinery, vehicles, buildings, and real estate.

Fixed asset tags typically include a unique identifier, include

• Barcode, serial number or Qr code
• Asset description
• Acquisition date
• Cost
• Location
• Product Specification
• Other custom details

The type of fixed asset tag used may depend on the specific needs and requirements of the organization. This information pertains to a particular asset’s environment, size, and the type of information it requires.

On the other hand, Fixed asset labels are similar to Fixed asset tags and serve the same purpose of identifying and tracking fixed assets within an organization. The labels can be attached or placed close to the property or item.

Industries and Applications

Asset tags can use in a variety of industries and applications, including:

• Inventory management: Asset tags can use to track inventory levels, shipments, and stock movements.
• Asset tracking and management: Asset tags can use to monitor the location, usage, and maintenance of assets and to help organizations manage their assets more effectively.
• Maintenance management: Asset tags can use to track maintenance schedules, monitor the performance of assets, and keep track of repair and replacement history.
• IT asset management: Asset tags can use to track the location, usage, and maintenance of IT assets, such as computers, servers, and other electronic equipment.
• Supply chain management: Asset tags can use to monitor the movement of goods and track shipments. It ensures that assets effectively use.
• Library management: Asset tags can use to track books, DVDs, and other items in a library collection.
• Healthcare asset management: Asset tags can use to track medical equipment, supplies, and other assets in a healthcare setting.