Stocks are valuable assets within an organization that is easily exposed to damage, expiry, wastage or fraud. An inventory verification process helps in examining and validating the existence and location of stocks. Accurate accounting of inventory is vital to a robust bookkeeping system and MIS reporting.
Asset tagging is the process of identifying and managing assets that give you a precise picture of your company’s physical assets; the assets that you have, where they are located and how these assets change over time. Asset tagging services are no more limited to just adding a sticker to a machine; it has come a long way. There are various ways of tagging assets that ensures regular racking and monitoring, thus increasing the security of these assets.