How Asset Tracking Can Be Used to Manage Asset Maintenance

How Asset Tracking Can Be Used to Manage Asset Maintenance

How Asset Tracking Can Be Used to Manage Asset Maintenance

Asset management software can be used to manage asset maintenance. When assets are tracked they can be located easily, helping users to retrieve the assets should they need to. This is a feature that all asset tracking software has. However, itemit’s asset management software allows users to go one step further. 

Thanks to the way that itemit’s management software works, users can manage maintenance issues very easily. Read on for more information as to how the software helps.

The Best Asset Tracking Implementations And Use Cases


Digitally Manages Assets

The right tracking software works to digitally manage assets. Users can log, track, and maintain all of their assets. This feature allows users to create a complete audit history. The history can include:

  • Every type of interaction
  • Display urgent information 
  • Display documents and photographs
  • Pre-plan maintenance
  • Help to improve work practices

All of the above features can take place in real-time. This ensures that whenever a user logs into itemit’s system, they are instantly updated.

The ability to digitally manage assets can make the working day easier. The required information is at the user’s fingertips, and ready to read when they log in. This allows tasks to be completed quickly and with little fuss. As a result, other tasks can be undertaken and the business can run a little more smoothly.


Updates Asset Information Easily

itemit’s asset management software allows users to update asset information quickly and easily. With the touch of a button, users can alter the maintenance, leave notes for other users, and upload photographs. 

New assets can be added or changed, whilst they are tracked in real-time. There’s a potential for an unlimited number of assets to be tracked and for each asset’s information to be recorded. 

For example, users can record:

  • The asset’s maintenance schedule
  • When the asset was last maintained
  • Notes on the maintenance team’s actions
  • Whether further maintenance is required
  • Photographs of damage to the asset
  • Queries that users have about the most recent or upcoming maintenance

 When all of the above information is added to the system, it ensures better maintenance management. Every single asset that a business has can be maintained as often as required.


Prevents Loss

Every year, businesses all over the country lose hundreds, if not thousands of pounds of assets. In some cases, the loss can be as a result of poor asset management. With the right management, losses can be significantly reduced. 

When assets undergo scheduled maintenance, they are less likely to become a ghost asset. When assets are damaged they can still be accounted for. For example, one business may have 40 laptops that are used by a team of 60 employees. Let’s imagine that within 6 months, 3 of those laptops become damaged. If those laptops are not sent for maintenance, it means that there are only 37 working laptops available. 

With the use of the itemit’s issues reporting feature, the maintenance team can repair those 3 damaged laptops. When a laptop becomes damaged, users can report an issue on the assets profile in itemit which will notify the team by creating a ticket. This will then be picked up by the maintenance team who can schedule its repair. 

When the 3 broken laptops are repaired, it means more people can use them. This in itself can help employees to become more efficient. Additionally, it means that the business is less likely to buy replacement laptops. What this means is that loss is prevented.


Saves Time

When asset tracking software is used for maintenance purposes, it can save time. The maintenance team, for example, can undertake inspections and repairs a little more easily. They will receive real-time updates and they will no longer need to hunt for the assets that need repairing. itemit’s software allows assets to be tracked. All that users need to do is log into the system and they will see the asset’s last-known location. As a result, the maintenance team can see where the damaged assets are and retrieve them.

When notes are left by users that inform the maintenance team of issues, the team can get to work quicker. They can understand what the issues are, and work on repairing them. This leaves out a lot of guesswork and allows maintenance to deal with the issues quickly, thereby saving time.


The Ease of itemit’s Asset Management Software

itemit’s asset management software is easy and quick to use. Businesses everywhere can manage asset maintenance. As a result, there will be more assets in circulation and fewer ghost assets. This means that losses are reduced, and employees can complete their tasks more efficiently. 

Find out how well itemit’s asset management software can help you to manage asset maintenance. Talk to our helpful and friendly team now at team@itemit.com. Alternatively, you could sign up for our 14-day Free Trial and discover just how well our asset management software works for you.

Asset Tracking Maintenance Management

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How Can Asset Tracking Software Help SME’s?

How Can Asset Tracking Software Help SME’s?

How Can Asset Tracking Software Help SME’s?

Effective asset management lays the foundation for any business, big or small, yet smaller businesses often put asset tracking to the bottom of their priority list. It can be tricky to find the resources to invest in managing your assets when there are so many other things to consider. But effective asset management can be the key to unlocking success. With asset tracking software, small and medium-sized enterprises (SMEs) can greatly enhance their asset visibility, maintenance, financial audits, and inventory management.

5 Reasons Why You Should Use An Asset Register


Why Asset Tracking is Important for SMEs

Asset tracking software can give SMEs the control they need to both optimise and scale up their business.

There are many challenges SMEs face when it comes to asset management. One crucial point is that small businesses typically have fewer assets, making each one more valuable. If one asset were to breakdown, get lost or be stolen then this could have a profound effect on the productivity of the business.

Small businesses often rely on manual approaches to asset management, namely spreadsheets, that are prone to human error. This can result in inaccurate data and poor inventory management, severely impacting the visibility and control over the business’ operations.

Asset tracking software offers a solution to these problems through a friendly, straightforward interface that allows you to access all your assets’ data in one place.


The Benefits of Asset Tracking Software for SMEs


1. One Centralised System

A major benefit of asset tracking software for SMEs is that you can manage your entire inventory of assets from a single place. All the information you need about an asset, from where it is, who has it to what state it is in, is readily accessible.

Having a centralised system with an overall view of all your assets greatly helps with inventory management. Asset tracking software can help to track, manage, and control inventory all from a single dashboard. Users can view stock levels, be alerted when parts and supplies are running low, and even re-order new items when necessary to avoid stock levels becoming depleted.


2. Eliminate Manual Processes

Asset tracking software offers automated solutions that can greatly speed up mundane and repetitive tasks. The software can track the lifecycle of your assets and notify you when maintenance is due. This can help to maximise the life of your assets and also assess the depreciation of them.

As advanced as spreadsheets have become they are still largely a manual process, meaning they are highly error prone and not ideal for long-term data storage. They also don’t guard data integrity and offer little to no protection from data corruption.


3. On-the-go Asset Management

With itemit you can keep track of your assets on the go thanks to our mobile app. The simplicity of the mobile app design allows you to quickly and easily pull out your mobile device to check and update your assets at a moment’s notice.

With the app and the web portal, you can track the movement of your assets without being tied to a desk. itemit provides a fast and accurate way to store and track your most valuable assets.


4. Reports and Analytics

The reporting capabilities of asset tracking software put it leagues above cumbersome and time-consuming spreadsheets. Using the software to monitor and track your assets will allow you to identify bottlenecks, make more informed decisions, improve your delivery and generate reports at the click of a button. You can easily log dates that assets have been purchased, inspected, and checked in or out by staff.

With itemit you can view your entire asset register in one place and pull all the information together into customisable and exportable reports. This will help you keep on top of financial audits.


5. A Scalable System

All small businesses share a common goal: growth. Managing a small number of assets in a spreadsheet may seem doable for now but sooner or later it will become unmanageable. Asset tracking software provides a system that grows with your business. It’s easy to scale up when you have a smart system with an automated workflow.

As a business grows, it makes sense to use a tool that allows maximum integration between different business functions. Asset tracking software does just that. This is a major benefit since it provides clarity and understanding of how different areas of the business are performing and behaving. As a result, your business is in a better position to budget and forecast.


itemit’s Asset Tracking Software

Effective asset tracking management lays the right foundations for SMEs to flourish and grow.
Our IT asset tracking software is scalable, transparent, and efficient. With a fully-equipped suite of helpful features, from equipment check-in and check-out functionality to smart reporting capabilities, you can seamlessly update and improve your current processes. It’s time to finally get rid of those spreadsheets and empower your business.

If you’d like to find out more information please contact the team at team@itemit.com or you can get started straight away and try the 14-day free trial by filling out the form below!

Asset Tracking Software For SME’s

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Why Local Councils Should Have an Asset Register

Why Local Councils Should Have an Asset Register

Why Local Councils Should Have an Asset Register

itemit’s asset register software offers users the chance to track all of their assets. This software works in such a way that businesses and organisations know where all of their assets are, all of the time. 

Local councils can potentially benefit from having an asset register as most administrative bodies have numerous assets. These can include: 

  • Lands and Buildings
  • Community Assets such as instruments for schools to use
  • Vehicles, plants, and machinery
  • And anything that has some significance to the local community 

The right asset register software can monitor assets in a range of ways. Here’s how:

The Best Asset Tracking Implementations And Use Cases


Using QR Codes

When a business, organisation, or council signs up to itemit, they can order itemit’s QR tags. These tags help councils to track all of their assets. Users fix the QR tag, for example, to the asset in question and input a few details. These details will be entered into itemit’s system, and help users to track each asset.

Whenever the asset in question is selected via the software, the asset’s last-known location will be shown and updated using your devices GPS. This allows users to know exactly where the asset is at all times. Having this knowledge can be hugely beneficial to local councils. They can see where each of their assets are and retrieve them, should they need to. 

The ability to retrieve assets means that ghost assets can be a thing of the past. Ghost assets are assets that have been lost, stolen, or damaged, but are still accounted for. When a local council has fewer ghost assets it means that they’re more likely to have the equipment they need.


Maintaining Equipment

All local councils have a lot of equipment. From tools to machinery, computers to vehicles, councils have more equipment than people realise. From time to time, equipment can be susceptible to wear and tear. In addition to this, equipment can become damaged. 

It’s important that local councils have the equipment they need so they can complete much-needed tasks. However, if equipment is damaged, it will need to be repaired. However, having equipment repaired is not always easy. The good news is that itemit can help. 

When the right asset software is used, maintaining and repairing equipment becomes easier. Users can leave a note in the equipment’s menu detailing any issues and asking for repairs to be carried out. The maintenance team will receive a notification and they can schedule repairs. 

The maintenance feature means that all equipment can be repaired as and when is needed. In addition to this, regular maintenance schedules can be set up. This allows for all equipment to undergo regular testing and inspection. What this means for local councils is that they will always have equipment, tools, and machinery that is in good working order.


Checking In and Out

Whenever any type of equipment is used, it can be checked in and out. This feature requires users to effectively sign for the equipment that they are about to use. It allows every user of the asset register to see which team member has the equipment. This allows team members to feel more responsible for the equipment they’re using. Additionally, it also means that users in other departments can see who has the equipment. 

When everyone can see who is now using one of the local minibuses, for example, they can ask to use it upon its return. Itemit’s software shows which team member has which asset and where they are. It also shows when the asset was checked out, and why it is being used. This information can prove to be very useful as it shows whether more equipment needs to be purchased.


Improving Auditing

As local councils have the ability to see what equipment they have, stocktaking can be a less arduous process. Councils may no longer have to count equipment by hand. Instead, they can see how many assets they have and at the touch of a button. Not only is this feature hugely convenient, but it helps to lower the likelihood of errors. 

Audit results will now be more accurate, allowing management to see what equipment they have and what they need more of.


Local Councils Can Benefit From Using itemit

Local councils can greatly benefit from using itemit’s asset register. Helping to save time and money, the asset register can prove to be invaluable. Contact the team at itemit today to find out more about our asset software. You can reach us at team@itemit.com. Alternatively, you could opt for a 14-day Free Trial so you too can discover just how well our asset register can work for you. 

We already work with local councils to help them track their assets. Let us work with you so your asset register is something to be proud of.

Asset Tracking Software For Local Councils

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How to Manage Your IT Assets Using itemit

How to Manage Your IT Assets Using itemit

How to Manage Your IT Assets Using itemit

In the modern world, IT assets are invaluable to almost any business. Keeping track of your IT assets helps you to protect your hard-earned investments. With itemit’s IT asset management software you can keep track of your assets throughout their entire life cycle, helping you to make more informed business decisions. Our IT asset management software is packed with helpful features to give you greater visibility and control.

How To Use Equipment Checkout Software


What is IT Asset Management Software?

IT asset management software is an all-encompassing, centralised system that allows your organisation to track important details about each asset in real time. IT asset management is specifically aimed at managing the lifecycles and total costs of IT equipment and infrastructure. Assets include all elements of software and hardware that are found in the business environment.

You can use IT asset management software to automate how you track and manage your IT assets. With all your assets’ information stored in a fixed register your business gains greater visibility and control over its IT assets. This information can be used to make smarter purchasing and asset utility decisions. Make sure your IT assets are in the right place at the right time with the right people.


How Does IT Asset Management Software Work?

IT asset management software works by communicating with asset tags that are physically attached to your IT equipment. These tags assign the asset a unique identification code that links to an online profile where all the information about the asset is kept, by doing this the digital profile is linked with its physical counterpart. All you have to do is scan the tag to complete the link.The various asset tags available offer different uses and benefits depending on the application but they all achieve the same outcome: identifying and communicating the location of your asset. 

You can add various information to the digital copies of the assets in the online register, such as who the assets are assigned to, where they are, and what state they’re in. So, instead of finding specific information within a spreadsheet, you’ll be able to open an asset’s profile to view all of the data you need to know about that asset. With recent advancements in asset tracking software, you can also access information on asset value, inventory management, maintenance planning, as well as real-time data on asset lifecycle management.


What Is An IT Asset?

An IT asset covers both hardware and software. Examples of hardware include PCs, network devices, data centres, and physical servers. Software IT assets cover both in-house developed software and off-the-shelf software where your business has purchased a licence to use it, but keep in mind that the licence and not the software is the asset in this case. 

IT environments are becoming increasingly broad and complex so it can be somewhat difficult to define exactly what an IT asset is and definition can even flex between different businesses. Today, more and more companies are considering data to be an IT asset.


itemit’s IT Asset Management Software Features

Know where your IT assets are all day, every day with itemit. Our IT asset management software is jam packed with features that can completely optimise your operations. Discover how it can make a difference to your business.


Track The Location of Your Devices

The most obvious but arguably the most beneficial feature of IT asset tracking software is that you can quickly see where your equipment and hardware is by checking its last-scanned location. This translates into a whole host of benefits, from greater security and visibility to extending the life of your assets.

With greater visibility of where your assets are and how they are behaving you can make more informed strategic decisions for your business. This will help you to manage your assets, make purchasing decisions  more effectively and ensure optimum utilisation.


Assign PCs and Devices to Staff

When you create an online asset profile, you can add various information to it, such as who the assets are assigned to, issues for maintenance and even user manuals. As a result, any time the asset is scanned you can see who is responsible for it, helping to ensure accountability and lowers the risk of theft or loss. Assigning assets is quick and easy with IT asset management software, making it ideal for use during the onboarding process since you can quickly assign assets to new staff members.


Manage Hardware Issues

With a large inventory, reporting and managing hardware issues can soon become very time-consuming when relying on spreadsheets. IT asset tracking software lets you manage inspection schedules and monitor the condition of your assets at a glance . You will be able to report and manage issues raised against unique pieces of kit. Our powerful reporting, filtering, and exporting capabilities will transform how you complete your daily tasks. 

IT asset management software enables you to optimise your inventory management. Good inventory management underpins the success of any business. The goal of inventory management is to have the right products in the right place at the right time. Another benefit of itemit’s IT asset management software is that you can use it as fixed asset tracking software simultaneously, ensuring you get the most accurate overview of what your business owns.


Book Equipment in Advance

You can use itemit’s IT asset tracking software as a booking interface and schedule equipment in advance. You can use itemit to log rentals to other users, companies, or anyone else for that matter! Overall, itemit asset tracking software creates a simple, effective, and transparent view of where your equipment is and how it’s behaving.


Quickly Add New Hardware

As you grow and scale your business, naturally you’re going to need to add new hardware to your asset inventory. The process couldn’t be simpler with itemit’s IT asset tracking software. Instead of needing to manually add new assets to an asset register you can use our image recognition technology to simply scan a new asset which will recognise the item and automatically add it to the database. Our range of additional features and tools that are designed to stop admin tasks snowballing.


On-the-go Asset Management

One of the best features of itemit’s asset management software is that it’s mobile! With the app and the web portal, you can track the movement of your assets without being tied to a desk. itemit provides a fast and accurate way to store and track your most valuable assets. 

The simplicity of the mobile app design allows you to quickly and easily pull your mobile device to update your assets at a moment’s notice.


Check-In and Out Your Equipment

With our tagging technologies you can ensure your assets are where they need to be and with the right people. When your team checks a piece of equipment in or out the asset manager is automatically notified. Plus, every time an asset is tracked, entered into the system, checked out, or repaired, data is collected. Less manual work means fewer errors, greater accuracy and speedier operations for your business. Using itemit’s IT asset tracking software ensures you know what is happening to them as they move around set and from site to site. Using itemit’s IT asset tracking software you can completely streamline your audit and daily operations.


The Benefits of IT Asset Management Software


Improved lifecycle management

With IT asset management software you can keep track of your assets through every stage of their life: from procurement and maintenance to depreciation and disposal. By managing and tracking your assets all in one place, you can see a timeline of your assets at a glance. 

Using our IT asset management software you can even schedule maintenance reminders. Set monthly, bi-monthly, quarterly or annual maintenance schedules or use your own schedules ensuring all assets are looked after. IT asset tracking software can improve how you manage the lifecycle of your assets. Maintenance reminders can help to improve the longevity of assets. Regular maintenance also reduces the risk of replacement asset procurement. As a result, you experience less costs and less time wasting, leaving money to be better spent on other parts of your business.


Reports and Analytics

Monitoring and tracking your assets will allow you to identify bottlenecks, make more informed decisions, improve your delivery and generate reports at the click of a button. With itemit you can view your entire asset register in one place and pull all the information together into customisable and exportable reports.


Automated Workflow

With IT asset tracking software,  you can track assets and their changes with automatic, periodic updates. Since all your system’s capabilities are located in one place you can completely optimise your workflow. You can create an automated schedule that reduces repair costs and reduces the impact of depreciation. You can see where your equipment and hardware was last scanned, manage inspection schedules and monitor asset conditions, and be notified when a software licence is about to expire. An automated workflow allows you to react to these issues as they happen, greatly saving you time and money.


Increase the Security of Your Assets

An up-to-date and accurate inventory will increase the security of your assets. IT asset management software allows you to identify the location of your assets across the supply chain, which can help to prevent loss, damage and theft. 

The scary thing about hardware security is without automated asset tracking, it’s hard to know if you have a problem. Protect your investment with itemit and ensure the integrity of your operation.


Reduce costs

IT assets are both costly to acquire and maintain and therefore correct asset management is critical to ensuring a business uses its money effectively.  Asset management software plays a critical role in helping businesses ensure efficient use of the organisation’s resources in supporting the needs of users and business functions.


itemit’s IT Asset Tracking Software

With a robust asset management system, you can review and monitor all types of IT assets within your business. Our IT asset management software will transform your operations and give you the security and efficiency you need to take your business to the next level. Make the best use of your assets with centralised information on all your software, hardware and licenses. Changing your mode of operation can be daunting but itemit mitigates the risks by blending in with your current environment. Our IT asset tracking software is scalable, transparent, and efficient. With a fully-equipped suite of helpful features, from equipment check-in and check-out functionality to bulk actions, you can seamlessly update and improve your current processes. And you’ll finally be able to move away from those dreaded spreadsheets. 

If you’d like to find out more information please contact the team at team@itemit.com or you can get started straight away and try the 14-day free trial by filling out the form below!

IT Asset Management

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7 Ways Asset Tracking Software Can Benefit Your Business

7 Ways Asset Tracking Software Can Benefit Your Business

7 Ways Asset Tracking Software Can Benefit Your Business

itemit’s asset tracking software can benefit many types of businesses in many different ways. The frequently-updated software works by tracking every asset in numerous ways. Thanks to the way that it works, tracking software can have more benefits than users may have realised.

7 Ways Asset Tracking Software Can Benefit Your Business

Extending The Life of Assets

The right asset tracking software has the potential to extend the life of every asset it tracks. This feature arises from the fact that users can see the asset’s condition. It’s possible to understand whether an asset is performing as well as it should be.

If an asset is not performing well, the last person to use it can leave a note. Management will be notified that there’s an issue and decide if the asset needs to be repaired. Frequent repairs allow assets to have an extended life. What this ultimately means is that fewer replacement assets need to be purchased.

Maintenance Expenses are Lowered

Correct asset management helps to reduce maintenance expenses. This can be a result of users regularly scheduling maintenance. When assets are looked after, they are less likely to fail. This ultimately means that assets will need to undergo less maintenance in the future. 

itemit’s asset tracking software allows users to schedule maintenance for every asset. When an asset is due to be maintained, an alert is sent to the user and/or the maintenance team. Acting on the alert ensures that the asset in question is examined, undergoes repairs and is fit for use. 

As a result, expenses will be lowered and there will be more working assets available for use at all times.


Operations Are Streamlined

Daily operations can be streamlined using itemit’s tracking software. The software allows users to understand which assets are being used, and which assets need to be sent elsewhere. Users can see what they have in stock and whether more assets need to be ordered. 

As it’s possible for businesses to track assets, they can see if there are enough tools, for example, at a specific location. More tools can be sent if required, or they can be sent to a second location. Without the use of the tracking software, too few or too many tools could be sent to each location. 

When every worker has the tools that they need for the job, operations can be streamlined.


Ghost Assets Are Identified

Another major benefit of using the right asset tracking software is its ability to identify ghost assets. Ghost assets are those which have either been lost, stolen, or damaged. Assets such as these can still be listed in a business’s inventory. However, they are unable to be used and are therefore of no real benefit. 

itemit’s tracking software works in such a way that allows ghost assets to be identified. When an asset is lost or stolen, the software can still track it. This feature allows for the assets to be retrieved. 

When an asset is damaged, management can choose to repair or replace it. The repaired asset or its replacement can be used whenever it is needed. Therefore, fewer ghost assets will exist.


Productivity Can Be Increased

Users of assets no longer need to manually log their movements and tasks. Thanks to the way that itemit’s asset tracking software works, users can undertake their tasks without the need to manually scan or log what they’re doing. This ensures that users can carry on with their work without having to stop and input their location, tasks, etc.


Asset Recovery is Enabled

The right tracking software enables users to pinpoint exactly where their assets are. As each asset has a QR code or RFID tag attached, it’s possible to identify its location. 

Logging into itemit’s software and selecting the asset in question will result in a location being shown. The location shown is the asset’s last-known location. The location is updated whenever users select the asset from the menu. What this means is that workers can quickly find where their tools are. This feature can, therefore, help to save a lot of time that would have otherwise been spent searching for the tools.


Assets Can Be Checked In And Out

The checking in and out feature can prove to be very beneficial. It allows management to identify which assets are in use, and which are in the warehouse or storeroom. This feature also allows management to understand who is using which assets. Accountability for assets is, therefore, increased, and users feel more responsible for the tools they’re using.


Let itemit’s Asset Tracking Software Work Hard For You

itemit’s Asset Tracking software can benefit businesses in many different ways. Contact itemit’s friendly team today to see how the software can help you. You can contact the team at: team@itemit.com. Alternatively, you could sign up for our 14-day Free Trial so you can quickly see how well our tracking software works for you. 

Choose itemit’s Asset Tracking Software

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

You're in great company

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What is Inventory Management?

What is Inventory Management?

What is Inventory Management?

Inventory management is essentially keeping a log of your business’ assets so you can take stock of and see how these assets are behaving. This sounds simple but numerous logistical challenges can arise if it is not done correctly. 

The goal of inventory management is to have the right products in the right place at the right time. Good inventory management is critical to any business’ wellbeing since it provides the foundations for smooth and timely operations. By ensuring your records are accurate and your stock is replenished, inventory management enables your business to deliver what it needs to. Discover the difference it can make to your business.

The Best Asset Tracking Implementations And Use Cases


How Does Inventory Management Work?

Inventory management works by creating digital, online profiles of your assets. The process identifies and responds to changing stock levels to fulfil current needs and prevent shortages. With asset management software you can create a digital profile for each asset, in  this profile you can add information such as purchase price and date. Then, you’ll add QR code asset tags to the physical assets themselves. By doing this you will be linking the digital profiles with their physical counterparts. All you have to do is scan the tag to complete the link.

 You can use IT asset management software to automate how you track and manage your IT assets, too. Another benefit of IT asset management software is that you can use it as fixed asset tracking software simultaneously, ensuring you get the most accurate overview of what your business owns.


The Risks of Poor Inventory Management

Poor inventory management can result in increased but avoidable costs, loss of assets, and inefficient processes. Inventory management underpins the core of any business. 

Managing your inventory with spreadsheets is outdated and this manual process is notoriously prone to human error. Plus, spreadsheets fail to keep up with changing trends and demands. If you can’t track trends then you won’t know when and how your customers’ habits are changing.


The Benefits of Inventory Management

Inventory management can provide your business with numerous benefits, from operational efficiency to asset longevity.

1. Fewer lost assets

If you have an up-to-date and accurate inventory then, needless to say, there will be fewer lost assets. Inventory management lies in understanding what stock you have, where it is and how it is moving. Identifying the location of assets across the supply chain can prevent loss, damage and theft. 

By logging and managing the locations of your assets you can minimise asset downtime and schedule asset maintenance and your business can continue to run smoothly. You can pull all this information together into customisable and exportable reports, where you’ll be able to view your entire asset register. This helps you make better business-focused decisions.

2. Lower costs

When inventory management is done correctly it can save you money. Understanding stock trends means you see how much of and where you have something in stock so you’re better able to use the stock you have. This is especially powerful for multi-site enterprises since it will allow you to keep less stock at each location, whether that be a store, warehouse, wherever it may be as you’ll be able to pull stock from anywhere based on your requirements. Managing your inventory effectively decreases costs tied up in inventory and decreases the amount of stock that goes unsold before it’s obsolete.

3. Time efficiency

Good inventory management can completely optimise the workflow of both you and your team. Warehouses can be difficult to navigate and if assets are hard to locate then your staff will waste time trying to find them. With an accurate record of your assets you can pinpoint and retrieve information at the click of the button. Even better, with tagged assets you can retrieve an asset’s profile simply by scanning the tag. And every time a tag is scanned, the asset’s last location is updated, ensuring your inventory remains accurate. This can inform purchasing, maintenance, and ensures you maintain the right stock levels, meaning you can use your time to make the big decisions.

4. Greater clarity

 Without accurate stock details, it is impossible to know when to refill stock or which stock moves well. Inventory management provides you with full visibility on what inventory you have and where it’s located. With asset management software and asset tagging you can assign assets to colleagues, helping to ensure accountability. 

Larger operations typically have inventory spread across many places throughout the supply chain. Businesses need an accurate view of inventory to guarantee fulfilment of customer orders, reduce shipment turnaround times, and minimise stockouts, oversells and markdowns. Itemit’s inventory management provides your business with the clarity to achieve this at scale.

5. More control over your assets

Inventory management gives you the right stock, at the right time, at the right levels, in the right place, and at the right cost. The visibility you gain through this naturally provides you with greater control over your assets. With asset management software, the process of inventory management goes beyond simply monitoring and replenishing stock. Transitioning your business away from manual databases and formulas to a smart inventory management system allows you to do everything from asset tracking and demand forecasting to reporting and accounting.


itemit’s Inventory Management

Effective inventory management underpins the success of any business. Itemit’s inventory management software is shareable, transparent and easy to use. Transform your inventory management with itemit, our powerful reporting, filtering, and exporting capabilities will make your daily tasks a breeze.

If you’d like to find out more information please contact the team at team@itemit.com or you can get started straight away and try the 14-day free trial by filling out the form below! 

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