What kinds of costs are associated with implementing a Fixed Asset Management Program?
The cost of the labor involved in affixing Fixed Asset ID Tags is much higher than the actual cost of the tags themselves, especially in regard to the labor to actually implement the initial Fixed Asset Management Program and subsequently affix the tags. That is why permanent Fixed Asset ID Tags are generally less costly in the long run. In order to optimize cost-effectiveness a Fixed Asset Management Program needs three elements: • A host system that includes a PDCD (portable data collection device) and PDCD software to maintain the master record of all items. • A bar code scanner that “reads” the identifying Fixed Asset ID Tag. • Fixed Asset ID Tags. Typically, these will contain a “bar code” number and the human-readable equivalent. Also, keep in mind if your company is not ready to implement a Fixed Asset Management System that utilizes bar code consider purchasing Fixed Asset ID Tags that have both the bar code and human-readable equivalent number on them. That way you already hav
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