Getting Your Inventory In-Check with Camcode Asset Tracking

BY Editor

Inventory control is no easy feat, especially for companies with a high volume of physical assets. Whether you’re dealing with proprietary assets or your company handles property that moves through the supply chain, keeping your inventory in-check is critical to your success.

Sloppy inventory control leads to a slew of problems, such as supply chain delays and unnecessary waste. These concerns don’t have to plague your company, however. Implementing an asset tracking solution is the easiest way to kick your inventory control challenges to the curb.

Asset Tracking Streamlines Inventory Control

Asset tags are easy to implement and cost-effective, especially when you consider the significant productivity gains you’ll experience. Not only does asset tracking streamline inventory control; it practically automates it. When asset tags are used in conjunction with an asset management software application, all your inventory data is stored in a central database for easy access on-demand.

Asset tags are the glue that holds the whole system together. A simple bar code scan is all it takes to have an asset’s complete history at your fingertips, including information on vendors, original sales data, maintenance and repair history for proprietary company assets, and even one-click re-ordering.

Asset Tags Offer Versatile Tracking Solutions

Asset tags come in a variety of options designed to accommodate common applications across a multitude of industries. Camcode asset tracking solutions are completely customizable, enabling companies to create a comprehensive set of asset tags and bar code labels suitable for every application company-wide. Security asset tags deter theft and unauthorized transfer with impossible-to-remove labels and those that leave evidence of tampering behind, for example.

Metal foil labels will adhere to textured and contoured surfaces and offer superior durability for harsh environments. Even companies in industrial settings can take advantage of asset tracking solutions with durable asset tags capable of withstanding exposure to extreme heat and cold temperatures, chemicals, abrasion, solvents, UV and more. Outdoor applications? Not a problem for durable anodized aluminum asset tags, which offer an expected exterior lifespan of 20-plus years.

With so many options available to suit every application, there’s no excuse for the modern enterprise to continue relying on primitive inventory control methods.

Reduce Errors and Speed Processes

Manual inventory control procedures are susceptible to human error. A small mistake that goes undetected can compound, resulting in serious inaccuracies down the line that could have significant impacts on the bottom line. With automated inventory control processes made possible through asset tracking, the likelihood for human error is dramatically reduced.

Even re-ordering becomes simplified and practically error-proof with asset tracking solutions. Two-part asset labels, for instance, are ideal for applications in which frequent re-ordering is necessary. One label is used for asset identification, and the duplicate label can be attached to an order form or other documentation. This completely eliminates the need to write down a bar code sequence by hand, which can be a tedious and error-prone process.

Reduce Waste

There’s nothing quite like inadequate inventory management to lead to overstock and eventual waste. When inventory control isn’t closely tied to demand, projections and profit margins, there’s way too much room for error. But analyzing all that data isn’t the simplest thing to do, so you probably turn to the aid of software applications to help make critical connections and predictions.

With effective asset tracking, you have all the pertinent data needed to drive decision-making at your fingertips. It only takes one flawed projection to throw the entire budget out of whack, and there’s no reason to leave it to chance. No company has the ability to produce excessive waste repeatedly and stay afloat, so take advantage of asset tracking to maximize resource utilization and make your company leaner and meaner.

With so many aspects of corporations reliant, at least to some degree, on effective inventory control, asset tracking has become essential for companies to keep up with the competition in highly competitive industries. The risks of inadequate inventory control and the ramifications resulting from errors in inventory management aren’t worth it. Asset tracking is an easy-to-implement solution that’s not only cost-effective, but capable of enhancing productivity and boosting the bottom line.