Asset Inventory: Key Information & Processes

Click here, if you want to learn more about the basics of digital inventory management .

Which labels should I use?

Inventory labels are legally mandated, but the type of labels you use is entirely your decision. When choosing labels, it all depends on your specific requirements and expectations.

Barcode Labels and RFID Labels

From barcode labels to smart RFID labels , you have a wide range of options when it comes to choosing labels for your inventory process.

However, you should consider that the labels need to be durable and facilitate inventory tracking. The barcode on the label provides information about the label number, type, purchase price, location, and much more. With RFID labels, you save additional time and costs due to the very fast reading process, as no line of sight to the inventory item is required.

Can seventhings software also be used as a management tool?

It even makes sense to check your inventory more often than just once a year! This way, you always have an overview of your current assets and know exactly where they are located. Efficient inventory management thus minimizes resource waste in companies, as unnecessary investments, for example in new computers or other hardware, do not have to be made.

Features in our management tool that help you with asset inventory

Our app also offers many features that can be used beyond just inventory taking. It enables precise recording and management of assets such as buildings, machinery, vehicles, and other tangible goods. Inventory items can be assigned to locations and employees within our app, making it easy to see where each item is located.

The integrated reminder function can remind you of maintenance intervals, and with all data digitized, you can see which items are more durable and efficient than others. This is how sustainable inventory management!

Not sure which labels are suitable for your inventory process? Then click here for our blog post “The 5 Best Label Types for Your Inventory” to read.

What hardware do I need to get started?

For the scanning of assets, either industrial scanners with an integrated app or our seventhings-app is used. seventhings offers a 360° approach and provides you with all the necessary hardware components for your asset inventory.

You can be sure that all devices are always compatible with the seventhings applications and up-to-date. If you have already purchased your own hardware components for your company, you can, of course, use them. The app and the inventory-software communicate directly with each other, saving you the manual transfer of data.

Thanks to the software's intuitive operation, you can manage your inventories not only efficiently but also conveniently and in a time-saving manner.

Conclusion

Fixed asset inventory is about precisely recording the value and location of all a company's assets. This is not only legally required but also offers numerous operational benefits. With digital inventory management, this process becomes more efficient and less prone to errors. By using barcodes or RFID tags, assets can be recorded quickly and accurately. Our software solution simplifies management and ensures sustainable resource utilization.

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