RedBeam Articles
Equipment Inventory: The Ultimate Guide to Managing Assets
Oct 24, 2024 · 6 minute read
Losing track of a crucial piece of equipment just when you need it most can be downright frustrating. From construction sites to healthcare wards, the chaos of missing tools and broken-down machinery ...
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Maintenance Tracking 101: Types & Best Practices
Oct 24, 2024 · 6 minute read
Tired of playing whack-a-mole with equipment breakdowns? We know how they can deal a huge blow to your business operations.
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Facility Asset Management: Key Elements & Benefits Guide
Oct 24, 2024 · 6 minute read
Managing your facility’s assets might not sound thrilling, but it’s crucial for keeping everything running smoothly and cost-effectively.
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Annual Inventory Counts & Audits: How to Perform Effectively
Oct 24, 2024 · 5 minute read
Inventory counts must be every construction worker's dreaded annual ordeal. They are, after all, a beast of a task filled with endless scanning, double-checking, and the nagging fear of missing ...
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Construction Inventory Management: A Step-by-Step Guide
Oct 24, 2024 · 5 minute read
Managing inventory in one or multiple construction sites might seem like a lot of work, but it's one of those things that can make or break a project.
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Current vs. Fixed Assets: Key Differences & Practical Examples
Sep 22, 2024 · 7 minute read
Understanding the distinction between current and fixed assets is crucial for effective financial management and reporting. This blog will discuss fixed assets vs. current assets, their defining ...
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Equipment Maintenance Log: Best Practices & Benefits
Sep 22, 2024 · 5 minute read
Maintaining reliable and efficient records for all equipment is crucial for any organization. An often overlooked yet essential tool for achieving this is an equipment maintenance log. By ...
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Equipment Maintenance: Importance, Definition, & Examples
Jul 30, 2024 · 6 minute read
Equipment maintenance is a critical aspect of any operation, encompassing a range of activities designed to keep machinery and tools in optimal condition. By understanding its importance and ...
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The Best RFID Alternatives: A Guide to Barcode Technology
Jul 30, 2024 · 5 minute read
Accurate and efficient asset tracking is crucial for any business. While RFID has long been touted as the go-to solution for tracking, it's not the only player in the game.
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What Is Asset Disposition? Everything You Need to Know
Jul 30, 2024 · 7 minute read
Are you throwing money away when you sell or recycle used IT equipment, machinery, and other business assets? Many businesses don't take advantage of asset disposition tax benefits that potentially ...
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What Is an Asset Management Strategy? The Complete Guide
Jul 30, 2024 · 8 minute read
Managing high-value assets effectively is crucial for any organization striving for operational excellence and financial efficiency. An asset management strategy can help you streamline processes, ...
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What Is a Fixed Asset Report? Different Types and Significance
Jul 30, 2024 · 5 minute read
Managing and reporting on fixed assets is crucial for any organization aiming to maintain operational efficiency and comply with financial regulations. Fixed asset reports provide detailed insights ...
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Preventive Maintenance Checklist: Key Tasks for Upkeep
Jun 26, 2024 · 11 minute read
Keeping equipment and assets in optimal condition requires a proactive approach. A well-structured preventive maintenance checklist is essential for ensuring that all necessary tasks are performed ...
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What Is Mobile Asset Tracking? What You Need to Know
Jun 26, 2024 · 3 minute read
Efficiently managing and monitoring assets, especially those on the move, can be challenging. Mobile asset tracking offers a dynamic solution to keep tabs on your valuable resources wherever they are.
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Asset Management Plan: What It Is & How to Build One
Jun 26, 2024 · 6 minute read
Struggling with disorganized assets, unexpected downtime, and inefficient resource allocation can significantly hinder your organization's performance. These issues often stem from a lack of a ...
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What Is Asset Control? Definition, Importance, and Best Practices
Jun 11, 2024 · 6 minute read
Maintaining control over your organization's assets is paramount in today's dynamic business environment. Mismanagement can lead to inefficiencies, increased costs, and security risks.
Read More about What Is Asset Control? Definition, Importance, and Best PracticesWhat Is Asset Identification? Methods and Importance
Jun 11, 2024 · 8 minute read
Properly identifying and tracking tangible assets is fundamental for effective asset management. It influences every aspect of business operations, from procurement to disposal. Organizations can ...
Read More about What Is Asset Identification? Methods and ImportanceRFID in Healthcare: Advantages and Top Uses
Jun 11, 2024 · 6 minute read
Radio Frequency Identification technology (RFID) has emerged as a game-changer in today's rapidly evolving healthcare industry, revolutionizing how medical facilities manage their assets and ...
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What Are Assets? Types, Characteristics, and Examples
Jun 3, 2024 · 4 minute read
Assets form a foundation for effective accounting and financial planning for both individuals and businesses. For organizations, understanding and managing assets plays a critical role in staying ...
Read More about What Are Assets? Types, Characteristics, and ExamplesAsset Verification: Definition, Importance, and How-To
Jun 3, 2024 · 6 minute read
How much can neglecting asset verification cost you? The IRS can impose accuracy-related penalties of up to $10 million on corporations that substantially understate their tax obligations. Meanwhile, ...
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Equipment Management Explained: Benefits, Strategies & Uses
Jun 3, 2024 · 7 minute read
Equipment is the backbone of most organizations. It keeps the wheels turning to get the job done. But just like a car needs regular tune-ups to run smoothly, your equipment needs proper management to ...
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Fixed Asset Depreciation: Here's What You Need to Know
May 30, 2024 · 10 minute read
Understanding fixed asset depreciation is crucial for any business aiming to optimize financial performance and maintain compliance with accounting standards. In this blog, we’ll demystify the ...
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What Is Asset Planning? A Quick Guide
May 24, 2024 · 5 minute read
Feeling the squeeze from inefficient asset management? Maximizing the value of your assets requires a proactive approach.
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Asset Inventory Management: Key Insights You Need
May 24, 2024 · 7 minute read
If managing your assets feels like a constant uphill battle or you’re losing track of valuable resources, it’s time to rethink your approach to asset inventory management. Keeping control over your ...
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What Is Enterprise Asset Management (EAM)? A Quick Guide
May 10, 2024 · 9 minute read
Ever feel like your business is running on fumes because equipment keeps breaking down? Or maybe you're struggling to keep track of maintenance schedules and inventory for all your physical assets.
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Barcode vs. QR Code: Overview, Differences, & Top Use Cases
May 8, 2024 · 7 minute read
Ever thought about the magic behind keeping your fixed inventory in check or making sure your assets are right where they need to be? That's where asset-tracking technologies come into the spotlight. ...
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RFID vs. Barcode: Pros, Cons, and Best Uses
Apr 8, 2024 · 7 minute read
Asset tracking plays a pivotal role in creating efficient systems for businesses. Two technologies are commonly employed to enable this: radio-frequency identification (RFID) and barcodes. Both ...
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What Is Fixed Asset Management? Overview & Best Practices
Mar 25, 2024 · 6 minute read
Whether you're running a small business or a multinational corporation, fixed assets are a fundamental part of your operations. From buildings and machinery to software and office equipment, the ...
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Asset Theft: Scope, Types, Causes, and How to Prevent It
Jan 10, 2024 · 6 minute read
If your company uses valuable equipment or other fixed assets in production, you may have already experienced asset loss due to theft.
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How to Build an Asset Management Policy
Jan 3, 2024 · 5 minute read
You’ve worked hard to instill asset management best practices into your business. But what happens when you’re not around or someone else needs to dispose of an asset? If you don’t know, then you ...
Read More about How to Build an Asset Management PolicyAsset Management Compliance: The Ultimate Guide
Dec 28, 2023 · 7 minute read
Ensuring compliance in asset management can be a daunting task, with challenges like maintaining accurate records, navigating evolving regulations, and mitigating risks. Without a structured ...
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Active vs. Passive RFID: Which Is Right for Your Use Case?
Dec 27, 2023 · 4 minute read
Radio Frequency Identification (RFID) tags can be a lifesaver when managing your company’s assets, but if you’re not an expert, it can be confusing to pick the right type of RFID tag for your ...
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3 Types of Internal Controls (To Safeguard Your Assets)
Dec 22, 2023 · 6 minute read
Are your assets secure from theft and fraud? Globally, organizations lose 5% of their annual revenue to fraud, with the average incident costing $1,662,000, and 22% of cases costing over $1 million. ...
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Hardware Procurement 2024: Key Strategies
Dec 20, 2023 · 5 minute read
In a business world where digital transformation is the new norm, most companies invest thousands (or millions) into IT hardware every year. Even though they spend a lot, many companies don’t have a ...
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RFID Tag Cost: What You'll Spend from Tags to Full Setup
Dec 18, 2023 · 7 minute read
The verdict is clear: radio frequency identification (RFID) is a wise investment for smarter asset management. What’s less obvious, however, is the average RFID cost.
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IT Asset Management: The Complete Guide for 2025
Dec 15, 2023 · 7 minute read
With IT at the heart of today's business operations, poor IT asset management (ITAM) can undermine your efficiency and cost your organization big bucks. A recent report uncovered that 36% of spending ...
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RFID Tool Tracking: Use Cases and How to Implement
Dec 11, 2023 · 9 minute read
If you want to keep a record of the location and condition of your tools, an RFID tool tracking system is an excellent solution and a common asset tracking application.
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Asset Utilization: Definition, Calculation, and Importance
Dec 6, 2023 · 7 minute read
Are you getting the most out of your asset investment? Measuring asset utilization can tell you whether your machines, equipment, and other assets are performing profitably and whether you need to ...
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Understanding Equipment Lifecycle Management: 9 Key Stages
Nov 29, 2023 · 6 minute read
In pursuing innovation, businesses often find themselves trapped in a paradox. They invest in cutting-edge equipment, only to see it become outdated. This paradox raises a crucial question. Can you ...
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7 Asset Optimization Best Practices (Quick-Start Guide)
Nov 22, 2023 · 6 minute read
How much can poor asset optimization practices cost your business? To take an extreme example, during the first two months of the COVID pandemic, as the workforce shifted to remote work, US ...
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The Dos and Don’ts of IT Asset Management: Best Practices for Efficiency and Savings
Nov 8, 2023 · 4 minute read
Picture an organization with scattered IT assets and no centralized tracking system. They overspend, miss critical updates, and face security risks. Poor IT asset management (ITAM) causes wasted ...
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A Guide to Technology Lifecycle Management
Oct 25, 2023 · 8 minute read
If you're one of the 64% of companies increasing IT spending this year, how can you ensure you're getting a return on your technology investment? Technology lifecycle management (TLM) helps you ...
Read More about A Guide to Technology Lifecycle ManagementWhat is Physical Asset Management? Types & Key Strategies
Sep 27, 2023 · 7 minute read
Are you struggling with keeping track of your organization's physical assets? Do inefficiencies and maintenance issues frequently disrupt your operations? If so, you're not alone. Many organizations ...
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QR Code Tracking: Applications & Getting Started
Sep 20, 2023 · 6 minute read
QR code tracking is a versatile and efficient tool for managing and monitoring assets, inventory, and critical data across various applications. By linking physical QR codes to digital records, this ...
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Equipment Asset Management: Definition, Benefits & Software
Sep 13, 2023 · 6 minute read
Every tool, piece of equipment, or item your business purchases is an investment. You buy equipment because of the returns it provides. Equipment asset management is also an investment — one that ...
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What Are RFID Tags? How They Work, Benefits, and Top Uses
Sep 6, 2023 · 10 minute read
While most of us are familiar with barcodes (we encounter them at grocery stores and retailers), consumers are less acquainted with radio frequency identification (RFID) tags.
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Cloud Asset Management: What It Is and Why You Should Care
Aug 30, 2023 · 5 minute read
In an age where "it's in the cloud" is as commonplace as the air we breathe, it's evident that asset management has undergone a radical transformation. The days of pens, paper, and ledgers — or even ...
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What Is Asset Lifecycle Management? Best Practices & Stages
Aug 23, 2023 · 7 minute read
Are you getting the most out of your assets throughout their lifespan? Applying asset lifecycle management (ALM) strategies can increase your assets' productivity and lifespan while cutting costs ...
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Hardware Asset Management Explained: Stages, Benefits & More
Aug 16, 2023 · 5 minute read
Technology has become the backbone of the modern office. Whether it's servers, end-user devices like laptops, or networking devices, your hardware assets are fundamental to business operations.
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IoT Asset Tracking 101: How to Implement & Business Benefits
Aug 9, 2023 · 10 minute read
The practice of asset management is transforming rapidly with the advent of IoT technology. Many businesses across various industries seek effective ways to track and manage assets efficiently, and ...
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What Is RFID Tracking for Asset Tracking? A Quick Guide
Jun 14, 2023 · 8 minute read
Ever wondered what it’d be like to have complete clarity over your business assets? Imagine you could see, in a moment, every piece of hardware, technology, vehicle, and machine, including an entire ...
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What Is a Fixed Asset? Types and Examples
May 31, 2023 · 6 minute read
Fixed assets are the backbone of any successful organization, providing the essential infrastructure needed to operate and grow. From office buildings to factory equipment, these non-current assets ...
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Keep Track of IT Devices With Laptop Asset Tags
May 30, 2023 · 5 minute read
Laptops are easily misplaced, sometimes stolen, and always a headache to keep secure and updated. If your school, government agency, or healthcare organization struggles to keep track of these ...
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Barcode Asset Tracking: What Is It & How Does It Work?
May 4, 2023 · 6 minute read
Every year, billions of dollars go down the drain due to stolen, lost, broken, or misplaced assets. The Association of Certified Fraud Examiners estimates the average business loses up to 5% of ...
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Asset Tag Management: The Role of Asset Tags for Organizations
May 3, 2023 · 7 minute read
Asset tags are the secret weapon that savvy organizations use to simplify asset management and boost efficiency. These unique identifiers address one of the most persistent challenges in the ...
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What Is Asset Tagging? Key Benefits & How To Implement
May 1, 2023 · 7 minute read
Every piece of equipment your business uses is an investment. The challenge is ensuring you get as much use and value from those assets in real-time as possible. Loss, theft, and poor maintenance ...
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What Is Asset Tracking? How It Works and Advantages
Apr 12, 2023 · 9 minute read
Managing assets effectively is a critical component of operational success for any organization. Whether it’s equipment, vehicles, or digital tools, keeping track of these resources ensures optimal ...
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Asset Tagging System: Benefits & Best Practices For Businesses
Apr 10, 2023 · 5 minute read
Find it hard to keep track of your company’s assets? Without the right system, it's hard to know if your organization’s valuable equipment is in use in the field, checked out by employees, or needs ...
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What Is an Asset Audit? Definition, Benefits, and Process
Nov 23, 2022 · 5 minute read
Are you struggling with outdated asset records, compliance issues, or the inefficiencies of manual tracking methods? These challenges can lead to significant financial losses and operational ...
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Asset Management Challenges in Construction
Nov 21, 2022 · 2 minute read
The construction industry has faced and continues to face tremendous challenges. While these challenges can come from various causes, they all have in common: they can be lessened by using ...
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Asset Management for Small Business: Strategies & Benefits
Oct 27, 2022 · 6 minute read
As a small business owner, you know asset management is important, but you may not have the time or resources to invest in a full-fledged asset management system. Your business might have some ...
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