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4 Ways Small and Medium Sized Businesses (SMB) Can Reduce Costs with GoCodes Physical Asset Tags

As a business owner you’re always looking for ways to streamline your processes, save money and provide better customer service.  While asset tagging is a well-established practice for large companies, smaller business owners don’t always take the time to implement physical asset tagging.

Here are 4 ways asset tagging can reduce costs, streamline operations and improve customer service.

1 – Significantly reduce asset loss rates

Clearly mark your assets with tags as owned by your organization.  When contractors work together on a work-site it’s really easy to see how expensive tools and equipment can be accidentally mixed up and taken.  By adding a tough waterproof asset tag, you clearly mark your tools and equipment and even if something is accidentally removed it makes it much easier to identify and return.

2 – Track and manage asset inventory

When asset tags are combined with asset tracking software you can quickly and easily track and manage your inventory of fixed and movable assets all in one place. It’s important to know exactly what assets you own, and when something is missing so that you can proactively track and manage all your assets.  It’s easier to know when something is lost which makes a huge difference in tracking down its location.  We all know that the longer an asset is unaccounted for, the less likely it will be retrieved.

3 – Centralize tracking for warranty, service and recall information

Asset tags and management software allow you to centralize the warranty, service and recall information for all your assets.  Everyone knows that the complexity of tracking and managing assets grows significantly as a business grows and it’s important to implement a management tool and process before you lose track of this important information.

4 – Implement accountability for who is responsible for key assets

Asset tags can streamline the process of checking-in and checking-out assets to workers or customers.  Whatever your business, you need to keep track of you movable assets when they are removed from storage and taken to and from work sites.  Providing asset tags is the first step in identifying and tracking each asset.  Adding cloud-based management software enables efficient online tracking.

Summary

Now you know some ways you can use asset tags to reduce costs and streamline your business, take a look at GoCodes patent-pending QR barcode asset tags.  They come with free web-based management software and are scanned with smartphones so that asset information and status can be viewed, tracked and updated anywhere, anytime.

 With features like instant email and text message alerts, precise GPS maps showing the asset location, secure online public and anonymous communications and rewards, GoCodes has set the bar for the next generation of asset management features.

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