Asset tags, also referred to as asset lables, identify any number of physical assets, from equipment and tools to racks and machines. Asset tags are used to identify physical assets and feature serial numbers or barcodes for identification purposes. Most asset labels have adhesive backing and are made of anodized aluminum, laminated polyester, vinyl, or foil. The more durable the asset label, the easier it is for the organization to conduct asset identification, tagging, and tracking.