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Beneficial and Modern Uses of Asset Tagging and Management

09 August 2019 | Label Source

Beneficial and Modern Uses of Asset Tagging and Management

Last week, Label Source talked all about the advantages of asset tags on this blog, as well as asset tracking’s definition.

This week, we’re listing the most ingenious uses of asset tagging in recent years which encapsulate the benefits of asset management.

From Amazon to drones, find out how asset tagging and tracking is evolving with modern-day demands.

Amazon’s Unorthodox Approach

Amazon’s warehouse organisation is enough to make any neat freak go mad. The company flies in the face of most organisational standards by opting for random stow as opposed to sorting assets by name or type. This is particularly apparent in its one-hour delivery time service Prime Now, which is available in inner-city areas.

The reason for this organised madness? It’s time. In order to deliver on its consistent and high-quality delivery time, Amazon uses asset tagging. Each item is placed randomly with a scanned asset tag. Following that, when an item is ordered, the company’s in-warehouse computer calculates the fastest route to that product or group of products, ensuring it gets out the door as soon as possible.

While it mostly makes sense to group items together, an Amazon factory’s in-built asset tagging and tracking system organises the route with efficiency in mind. The computer calculates the perfect route from among hundreds of routes.

If items were stocked all together, the possible number of routes would be exponentially lower, meaning there is less opportunity to save time. More route options mean there is an improved chance in finding a statistical outlier which is, in reality, the shortest route to export.

If these products were grouped by type, it would actually take longer for Amazon to ship the package out. By combining randomness with organised, diligent asset tracking, the company has cut out a lot of organisation and travel time.

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