Asset Tags and Labels Save the Utility Time and Money

Utility meter tags, utility pole tags and barcode labels can help the utility to operate in a more efficient and cost-effective manner.
Published: Mon 10 Mar 2014

Utilities have to work faster and more efficiently in today’s digitized world. Assets and services need to be monitored constantly and in an efficient and cost-effective manner. For this reason, utilities are turning to tags and labels which are helping the utility to overcome a number of growing challenges in the industry. Once such challenge is the need to reduce manual processes which can prove to be time-consuming, less than accurate and very expensive.

To overcome the time and cost challenge, the utility is turning to a digital component-the utility meter tags and badges-these help to practically eliminate human error and it streamlines monitoring processes for the utility meters which are paramount to the functioning of the utility industry.

The benefits of meter tags and badges

Utility meter tags and badges, in conjunction with asset management software, can greatly improve utility processes. Camcode lists the benefits as follows:

  • Track work and maintenance history-This reduces human error in the upkeep of regular maintenance and speeds up tracking times for new work orders.

  • Reduce transposition errors-In the past, the process of documenting usage and other metrics from utility meters was a manual process. That process is no longer needed since utility meter tags are simply scanned to input data.

  • Utility meter tags speed up calibration times and improve accuracy.

  • Improves meter control and traceability

  • Locates meters effortlessly for tracking- Asset tags help utilities to pinpoint the location of any asset in seconds, not minutes. The need for multiple employees spending valuable time to track down assets is no longer necessary.

  • Simplify inventory management- Asset tags take all the guesswork out of inventory control. With inventory data in a central database, manipulating data for analysis and making predictions is made easy.

  • Maintain compliance with regulatory agencies- Asset tags provide a comprehensive data set that helps the utility to maintain compliance, quickly identify problems, and develop resolutions when needed to maintain certifications.

  • Streamline usable life calculations and depreciation for tax purposes-Expensive equipment must be depreciated, and calculating the usable life of all those assets is not easy. Asset tags help to collect data which is required to make these calculations.

  • Prevent theft and unauthorized transfer-When high-value items are clearly labeled with a durable bar code label or asset tag, thieves are less likely to steal them for fear of being caught. Asset tags can also provide evidence of tampering.

  • Coordinate joint use across multiple departments-Assets that aren’t used daily are often shared across multiple departments. Coordinating the use across multiple departments can get complicated, with overlaps and double-scheduling creating havoc in even the most organized settings. Asset tags allow the utility to streamline scheduling, ensuring that no asset is ever double-booked and making it possible to use a single asset more efficiently across an organization.

Utility Pole Tags and Markers Increase Revenues for Joint Use Relationships

Utility poles are often shared among other industries, such as telecom and cable. However, the utility industry often loses significant amounts of revenue due to inefficient monitoring usage and inaccurate tracking of equipment.

However, utility pole tags will streamline this process since the technology ensures prompt and accurate pole identification. This provides an efficient and effective way of tracking a pole’s owner and monitoring revenues from rentals. Some are guaranteed to last the life of the asset which means that there are no costly utility tag replacements to account for in the future.

In today’s digitized world, there is no excuse for slow and ineffective operations and sloppy service delivery. Investment in an asset tracking system and asset management program will help the utility to operate more efficiently and effectively.