Shrinkage...the difference between actual inventory on hand and what it should be according to purchase and sales records. Some of the factors contributing to inventory shrinkage include employee theft, shoplifting, and paperwork error. Inventory labels can help to avoid some of these issues.
Security experts estimate that in-house theft is responsible for an overwhelming 50 percent of shrinkage. It is crucial for companies to be able to monitor where their assets are in today’s business environment, for insurance and auditing purposes.
Inventory labels, also called asset labels or tags, not only help in reducing employee fraud, but also employee carelessness. The labels are placed on valuable assets such as laptops and cell phones and assist in the identification and return of these “moveable assets” when they are misplaced by employees. Labels play a large role in helping a business keep track of their physical assets, as well as returnable assets such as pallets and containers. Inventory labels are highly visible for easy organization, allowing a business to track and manage their inventory more efficiently.
From normal office conditions to extreme warehouse temperatures, different label strengths are offered for varying environmental conditions and circumstances. The labels are typically printed with the company’s name, a barcode, or a serial number. Metal, ceramic, polyester, or stainless steel inventory labels are very specialized, customized to individual needs. These labels are also offered with tamper-evident features, resulting in the destruction of the label or “void” notification when removed.
Inventory Labels designed for maximum asset management may also qualify companies for tax reductions and insurance premium discounts, because of the effective inventory control they provide.
To receive free samples and quote, or learn more about the variety of labels, nameplates, and property ID tags available, call us at 1.800.437.5283 or contact us at [email protected] today.
About the Author: Marianne Alvarado
Marianne Alvarado is our Vice President of Sales. Alvarado joined Metalcraft in March of 2000 as a Territory Specialist, became Sales Manager in January 2022 and was named Vice President of Sales during August of 2023. She leads both the Outside and Inside Sales teams. Marianne lives in Davenport with her husband, Dave Beeman.
Mobile Phone: 641-529-9492
Email: [email protected]
Office: 3360 9th St. SW, Mason City, IA 50401
Office Phone: 641-423-9460
