Fixed asset capturing & tagging Services

Explore our Physical Capturing & Tagging Services

What is Asset Tagging?

Asset tagging/installations involve attaching an asset tag on a valuable for the purpose of monitoring and managing its full life cycle. There are various tagging techniques for you to select from to enhance the management of your fixed asset

Why do organizations need asset tagging?

Easy asset tracking & inventory management
Minimizes loss
Elimination of ghost asset
Improves asset accountability
Compliance
Streamline maintenance and more

Our Services

Contact

  • 21 Road, I Close Festac Town, Lagos State Nigeria.
  • 09016478303,
    08030888368
  • admin@hovasolutionsltd.com,
    projects@hovasolutionsltd.com,
    sales@hovasolutionsltd.com

Asset Tagging Techniques

There several tagging solutions but presently, we offer Barcode/QR code tagging system, RFID and GPS tagging system. Selecting the best asset tagging technique requires you knowing how each technique works and  which best aligns with your business needs It’s best to choose the type of asset tagging approach that works for your organization.. Here’s a quick look at the different approaches to tagging assets.

1. Barcode tagging technique

Barcodes are black and white stripes hosting information of an asset. These stripes are imprinted on an asset tags and managed using a barcode scanner. Barcode tracking is a an easy-to-use   automated way to track assets. It requires  building a unique barcode numbering system for the asset to be managed.  They are easy to implement and cost-effective, used in offices, stores, logistics, and all other sectors.

Benefits of Barcode Asset Tracking

Cost effective method of tracking asset
Human data entry reduction error
Increase speed in asset identification
Unique Asset identification
Suitable for almost all kinds of asset

2. QR-Code tagging technique

QR(Quick Response) codes are 2Dimensional barcodes asset tracking system(slightly different from barcode) that can store more information (up to 4000 characters or 7000 digits) than traditional barcodes. Information like asset description, history maintenance etc. they are not only used for brand marketing and campaigns, they are used on coupons, educational institutes, industries, entertainment event etc.

Benefits of QR-Code Tags

Improves product/item awareness: It can be linked directly to your website
Efficiency: increases accessibility to information thus reducing down time.
Prompt Tracking system
High data Capacity ; It accommodate larger data than barcode system.
Improve customer engagement and accessibility.
Easily customizable

3. RFID Tagging Technique

It’s a radio frequency asset tracking system usually used in large scale facilities that requires real-time monitoring. Radio-frequency identification (RFID) tags use radio waves to transmit information to an RFID reader which is transferred into asset management software where the data is then monitored for use.

Basic RFID Requirement

  • RFID Tag(stores comprehensive data about the asset. E.g. Asset condition, location maintenance history, etc.)
  • RFID Antenna(identifies signal from RFID Tag)
  • RFID Reader(wirelessly attached to the antenna to receive data stored in the rfid tag. This data is then transmitted to an asset tracking software for further evaluation)
  • Fixed asset tracking software; contains asset database for asset monitoring and management

Key Advantage of RFID over Barcode system

RFID system needs no line of sight for it to function which means it can be activated from a distance unlike the barcode system that requires close range (with no obstruction)line of sight to be scanned
RFID system can accommodate multiple scan and reading unlike barcode system that require a single scan at once.
RFID system more suitable for real-time tracking of moveable asset
RFID System can accommodate larger data in a tag
RFID System can be read/write which makes it possible to edit asset data once tag is attached Unlike Barcode system, once printed and attached on the asset , the information can’t be changed from the database

4. GPS Tagging Technique

This asset tagging and tracking system promotes real-time asset management. Due to its precise geographic coordinates, GPS method is commonly used for tracking moveable high-value asset, mobile asset, equipment and assets spread across multiple locations. GPS can be found in microchips, smartphones, satellite navigation systems, vehicles, equipment, etc. GPS trackers working over a string of connected satellite system networks, enables users to track anyone or anything in real-time.

Why its global acceptance?

GPS trackers can be placed on any asset ; humans, equipment, animals etc.
Devices are built for lasting durability ; designed with long-lasting battery life or hardwired capabilities
Quicker accessibility to asset information ; instant access to real-time tracking, live location, and historical asset data
Users can have access to all asset data via multiple platforms
Higher reliability and real-time monitoring

Benefits of GPS Asset Tracking System

A mini tracking device suitable for any location
Devices are designed with higher durability
Easy real-time tracking ; live location, and historical location data
Accurate location data update
Robust and flexible access to asset data. E.g any mobile device, systems etc

Some Best Practices for Asset Tagging

Select the Right Tagging System
Create Standardized Practices
Regular assessment to update asset conditions
The asset management should be assigned to an employee/s for improved efficiency
Let’s Get Started

You can count on us to successfully deliver any tagging technique you desire for your business