Laboratories require hundreds of scientific instruments and specialised equipment to work. These assets’ cost and repeatability must be monitored through tracking and management. After controlling their inventory of supplies and reagents, one of the most common reasons for establishing a Laboratory Information Management System, or LIMS, is to track assets. Every lab is obliged to keep a large and complex array of tools and scientific apparatus. Because losing equipment or having an out-of-service instrument may cease part or all lab activities, it is critical to manage these assets to guarantee that operations continue. Another consideration is the expense of laboratory equipment. A poor asset monitoring system will have a severe impact on budget and profitability.