itemit Asset Tracking Blog.

Struggling with stockouts? Discover how to manage inventory shortages, prevent disruptions, and optimize your supply chain with expert inventory management tips.

Learn how to calculate beginning inventory using simple formulas. Understand its importance in inventory management and financial tracking. Read more!

Learn effective strategies to optimize order and inventory management for your business. Reduce errors, improve efficiency, and streamline operations.

Learn about the 4 types of inventory—raw materials, WIP, finished goods, and MRO—and their impact on asset tracking. Discover strategies for better inventory management.

Learn the key differences in margin vs markup in inventory management. Understand how each affects pricing, profitability, and business growth to optimize your strategy

Discover what an online inventory management system is, how it works, and why it’s essential for efficient inventory tracking and business success.

Learn how inventory financing enhances asset tracking efficiency, streamlining operations, boosting cash flow, and improving inventory management for your business.

Learn how to select the best inventory system for your small business. Explore a range of options, including barcode and cloud-based solutions, to enhance efficiency and maintain control.

Discover why inventory is classified as a current asset and its role in business operations. Learn how effective inventory management supports financial success.

What is IT inventory management and how can it make your working life easier? Read this short guide now to discover what it is and why you need it!

Inventory management is always tough to manage, especially for growing businesses. In the case of businesses still using some spreadsheet approaches or even more outmoded manual approaches, they certainly miss out on big opportunities by not saving time and cost.

The various types of assets employed by the business can be challenging to manage, especially when trying to classify supplies vs inventory. These two play different roles in an enterprise, and their correct differentiation is very relevant in proper management and financial reporting. In this article, we shall look at the critical differences between supplies and inventory, examine in greater detail how they are accounted for, and highlight best practices to apply in their management. By the end, you should have a better idea of how to track and optimize supplies and inventory for the smooth running of business.