itemit Blog

Hardware Procurement Strategies for Effective Asset Management

Nov 11, 2024

One of the main tasks for every developing business is effective asset management. Without any system, equipment or IT resources, valuable assets become lost or disorganised. Only an efficient asset-tracking system can save companies from such nagging hassles.

Choosing the Right Indoor Asset Tracking System

Nov 6, 2024

From demand created within the health sector to manufacturing, efficiency demands in indoor asset tracking go up. In business, companies want to track their valuable machinery, equipment, and other assorted assets, which are also in constant motion through indoor environments via complicated routes. Indoor asset tracking presents challenges different from those of the outdoor variety, which could employ GPS and other wide-capability technologies.

Benefits of Implementing Automated Inventory Management Systems

Nov 5, 2024

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.

Inventory vs Supplies: Key Differences & Tracking Tips

Oct 25, 2024

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.

Periodic vs Perpetual Inventory System: The Key Differences

Oct 18, 2024

Essentially, inventory management is very important in simplifying operations to meet customer needs and enable the business to be competitive. This can be very daunting to choose between different inventory management systems since each has its respective advantages and disadvantages. The article will outline some of the main differences between the periodic vs perpetual inventory systems and will allow you to understand which system best fits your particular business.