How Custom Asset Tags for Schools Improve Asset Tracking

From traditional classroom tools to the latest technology, today’s wide variety of learning resources means that schools are maintaining more assets than ever before. To avoid losing sight of this valuable inventory, creating asset tags for schools has never been more important.

This decade has seen a particularly dramatic increase in high-value technological resources for schools. Prior to the COVID-19 pandemic, an EdWeek Research Center survey found that two-thirds of US school district leaders offered 1:1 digital learning tools like laptops and tablets to middle and high-school students. By 2022, that number had surged to 90%. That means that 9 out of 10 schools in America maintain enough technology for every student on campus, and that number is only growing. 

Not only do laptops and tablets have an expensive upfront cost, they also can be easily damaged. When they change hands between students yearly or even quarterly, they might experience more wear and tear than personal computers. And while it would already be hard work keeping track of just technology assets, tech is just one type of asset that schools manage. Luckily, there’s an easier way to track these items than to open a spreadsheet and hope for the best. This article will overview how creating custom asset tags for schools can best meet your institution’s unique needs. 

Benefits of Asset Tags for Education Asset Management

It takes a huge number of physical resources to keep a school educational, safe, and clean. From gym equipment to lab equipment, musical instruments to interactive whiteboards, and printer paper to toilet paper, schools track a variety of assets that are as varied as the subjects they teach. 

Asset tagging—aka the process of labeling, monitoring, and maintaining assets in a fixed system—is essential to a K-12 institution’s overall health. Here are some of the leading benefits for tagging school assets. 

1. Maximize the use of limited resources

Public and charter schools are operating on tight budgets. Keeping track of assets’ key details based on their category can empower schools to optimize the equipment they already have. For example, technology assets can be tagged so they are tracked by their last known location, in order to minimize loss. Meanwhile, cleaning supplies can be tagged to trigger an alert when they’re about to run out, so the school can make accurate predictions and budget for future expenses. 

2. Improve the quality of students’ education

Up-to-date computers and current textbooks can strongly improve students’ learning outcomes. Proper asset tagging can assist with making sure each classroom has the equipment it needs. Tagging classroom tools with details like usage analytics or repair schedules could provide insight into where assets can best be allocated. A glance at the database might indicate that there are underutilized resources in one part of the school or district that can be repurposed for improved use elsewhere. 

3. Comply with regulatory standards 

All US schools are required to comply with IRS regulations. Poorly-kept asset records can make these institutions susceptible to external audits. Additionally, schools that rely on federal grants are required to maintain detailed documentation of assets purchased with grant funds. A system tracking asset tags for schools can organize data about assets’ purchase prices, the expected length of their useful lives, current depreciation, and more, providing audit-ready summaries and reports to indicate compliance. 

How Custom Asset Tags Work

As important as it is to take inventory of these assets, it is equally critical to develop an organizational structure that is robust enough to support dozens of categories and asset types. Different types of assets require different types of tags to track their most relevant identifying data. 

At its simplest physical description, a custom asset tag consists of a printed barcode or QR code. The easiest way to create asset tags for schools is to use asset management software designed for the task. 

For example, if you use the Asset Panda software to generate tags, all you need is a printer and a smartphone. Using the Barcode Wizard, you would first select the type of label sheet you will feed into your printer. Name your barcode, select a type (Code 128, QR Code, or others), and print. Or if you’re looking to custom tag multiple assets at once, use the Automatically Generated Barcodes to create and print a group of automatically incremented labels all on one label making sheet. Then you can individually or batch-process assets with fields like “status” (is this asset checked out? By whom?), “placed in service date,” and “last maintenance” depending on what type of asset it is. 

Once these custom tags are affixed to your assets, all you need is a smartphone camera to scan them on the Asset Panda app and instantly pull up the asset’s record. It’s a simple but functional method for easily keeping track of all the diverse assets a school has. 

Creating Unique Asset Tags with Asset Panda

Whether you’re looking to track Chromebooks or desks or anything in between, custom asset tags can help your team streamline asset management and save valuable time. With Asset Panda’s comprehensive software, you can keep track of all your different assets in one centralized place and generate unique asset tags all in the same platform.

Hundreds of schools and districts rely on Asset Panda to generate asset tags for schools in order to maximize resources, minimize audits, and improve student learning outcomes across the board. Asset Panda has helped institutions ranging from standalone charter schools to large K-12 districts and universities increase efficiency and save time and money. 

When the Muskegon Area Intermediate School District (MAISD) in Muskegon, Michigan switched over from a pile of spreadsheets to Asset Panda to keep track of its educational and technological assets, it estimated that the change saved 100 work hours per year. When Aiken County Public School District’s Assistive Technology Department did the same, staff cut way down on chasing lost assets and had more time to focus on their core mission: addressing student needs. 

Ready to optimize your school’s asset management and tagging system so your staff can spend less time wrangling equipment and more time educating? Request your custom demo and learn how your school can thrive with Asset Panda today.