An effective tools tracking system will:
- Help you lose fewer assets
- Mitigate asset theft
- Mitigate ghost and zombie assets on your fixed asset register
- Speed up your operations
- Help you reduce asset retrieval times
- Help you maintain a clear view of what you own
So, what are some of the things you can do with an effective tools tracking system?
Reduce Maintenance Times With Issues Management
Issues management isn’t only crucial to the safety of your employees, but it will also help you cut costs on asset downtime. If you can track issues on an asset level, you’ll be able to see which assets need work instantly.
In practice, you’ll be able to view all of the assets which require maintenance in one place. Then, with the location tracking features your tools tracking system will also provide you with, you’ll be able to see exactly where the asset is.
This gives your maintenance team a clear and exact view of where your assets with issues are, allowing them to rectify any issues as soon as possible.
Use Asset Tags To Speed Up Your Operations
Every time you scan an asset’s tag with your asset tracking app, three things will happen.
- The last seen location will update
- The user who scanned the asset will update
- The asset’s digital profile will open, ready for edits
You can also use GPS trackers and RFID systems with itemit to take your asset tracking to the next level.
Use Fixed Asset Management Operations To Improve Your Visibility
You can export your reports as pdfs with pictures, for example, which is great for accounting and insurance operations. Then, you can track asset finances and movement separately or together all on one system.
To find out more about how itemit can help you track your tools and equipment, you’ll be able to contact the team at team@itemit.com or fill in the form to start your 14-day free trial.
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Benefits of Implementing Automated Inventory Management Systems
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
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
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.