With many technologies such as RFID and GPS tags available, QR Codes are the best option for fixed asset management for businesses.
Most smartphones are equipped with a native QR Code reader that helps businesses and brands keep their cost down and streamline their processes since it eliminates the need to purchase equipment exclusively for scanning products.
QR Codes can also be integrated into other asset tracking software in the form of QR Code asset tags, making it easy for businesses to maintain schedules, track products, and check pieces of equipment.
QR Codes Vs. Excel based fixed asset management
Excel spreadsheets are riddled with perennial issues like version control, access control and security. Whereas QR Codes for fixed asset management allows businesses to instantly view and edit data about any product instead of waiting to open the relevant spreadsheet on the computer and manually update their details.
Data storage capacity
Although barcodes are used extensively for fixed asset management, they cannot store a high amount of data. QR Codes increase the utility of fixed asset tags since they can hold more data instead of barcodes, making it more effective as it stores more data.
Manage multiple locations
The foremost importance of switching to QR Codes for fixed asset management is that they provide flexibility of creating a fixed asset register from multiple location, while maintaining uniformity in a central location.
QR Codes for fixed asset management can help businesses monitor their fixed asset’s location, who they are handled by, financial details etc. In addition, they also help with the transparency of the condition of the assets, with regular verification.
Enhanced responsibility amongst employees
Another added advantage of leveraging QR Codes for fixed asset management and tracking is the increase in responsibility it instills in employees.
QR Codes based asset tags, can help identify and track asset allocation details, maintenance required for assets, damages and replacement costs etc., aiding businesses to deploy and maintain massive amounts of assets at a time. It is rather challenging to maintain a log for assets that have to be mass deployed – in such cases, QR Codes can help businesses revive the uniquity.
Process transparency
Manual asset management and tracking give room to human errors and complications in the process. Besides, supervising assets is increasingly difficult with manual asset tracking.
QR Codes help tackle the issue since they can be tracked in real-time.
You can store and keep track of assets in a single webpage with the help of QR Codes and improve the automation process.