It is not uncommon for businesses to focus attention on theft and loss from outside of the organization. However, theft and loss from inside an organization can be just as costly.
One way to reduce all types of loss, including internal theft and loss, is through asset tagging. There are several options to consider, with more expensive and essential equipment and devices typically marked with more advanced labeling methods. For example, basic tags typically include barcode stickers. In contrast, QR codes or RFID tags are usually reserved for more expensive and critical assets.
Tracking Tools and Equipment
Equipment that is moved throughout the facility regularly is more likely to be lost, misplaced, or stolen than stationary equipment. Using RFID tags monitored over the network provides clear tracking as to where the item is at any point in time.
Depending on the system in use, taking a tagged asset out of a specific area can result in alarms, notifications, or other types of signals to indicate the possibility of theft.
Audits and Inventory
It is not uncommon in large facilities and operations for equipment or items to be misplaced or put in an incorrect location. For audits and inventory, the inability to locate the item creates a problem.
Effective asset tagging allows for a pinpoint location on equipment without hours of searching or struggling with audit and inventory balance problems. By utilizing asset tagging, employees have to scan in and scan out of the system with the equipment or device, creating an effective protocol and process to limit theft and loss.
For assistance in creating the ideal asset tagging system for your business, talk to the team at B. Riley Financial. To schedule a consultation, visit us at Website URL.