Benefits:

Simplifying tracking of assets
Enabling comprehensive tracking of maintenance and downtime
Enabling businesses to track costs
Reducing costs associated with loss and theft of assets

Applications:

Computers and peripherals: Laptops, desktops, monitors, external hard drives, and more are listed in this category.
Office equipment: Capital items such as phones, printers, TVs, and conference equipment should be tagged to help track expenses for accounting and tax purposes.
Appliances: Common appliance assets include refrigerators, microwaves, water heaters, dishwashers, air conditioners, and so on.
Machines, equipment, and tools: Turbines, transformers, hydraulic power units (HPUs), medical devices, power tools, jacks, and much more fall under this category of assets.
Furniture: Depending on your needs, tagging your furniture may be beneficial as well. This can include marking bookshelves, chairs, cabinets, and tables.
Vehicles: Many companies maintain vehicles for use when employees from other offices visit. Others have fleets of vans, trucks, and mobile cranes as critical components of their business. Tagging and tracking these items is essential for ensuring they are properly maintained and are available when needed.