Most assets within a commercial or industrial establishment are now numbered so that the company can keep a track of the asset. However, there are a few other systems which can be used besides just numbering to increase business efficiencies when stocktaking and waste tracking.
In the past the best way of keeping a record of the items that your business owned was to number all the items and keep an asset register so that each asset could be tracked. However, with advances in technology this simple numbering process has now moved into the 21st century.
Companies no longer have to rely on numbering alone to keep a track of their assets. Most companies have embraced technology, and as well as using a numbering system have also integrated a barcode scanning system, which makes retrieval and recording of data faster and much more efficient.
Asset labels are now available which can feature not only a unique number but also a unique barcode and even feature a company logo or a promotional message. These labels are durable, cheap and are the best way that a company can keep a record of the items that they own for stocktaking and insurance purposes.