One of the most attractive aspects of fixed asset tracking is its flexibility. Fixed asset tracking can take many forms, depending on your company’s needs and structure. Here are a few to consider.

Barcode Labelling

The use of barcodes has been a mainstay of the retail industry for several decades. However, barcodes are also useful in fixed asset tracking. 

In this method, a small set of black and white lines are scanned by a proprietary handheld scanner. The use of barcodes is more economical than other forms of tracking and is best when there is no need for large amounts of data storage. 

They are usually pre-printed on labels and some are also scannable by smartphone apps. While barcode labels are appropriate for many forms of fixed asset tracking, they very rarely allow for unique identifiers.

RFID Tagging

RFID stands for Radio Frequency Identification. Like barcode systems, special equipment is necessary in order to use this kind of organization. RFID tracking makes use of radio waves to transmit data that is encoded digitally. 

The tags are attached to the tracked object, and a reading device then picks up the signal and reads the information. While RFID tags might prove more expensive and bulky than barcodes, they provide more security than other methods.

In general, RFID tags are best applied in health care, hospitality, manufacturing, mining, and within organizations with several valuable fixed assets such as museums, machines, tools, electronics processes.