Inventory is one of those things that most businesses need, but many don’t understand the best way to manage it. The idea of increased profits and productivity makes keeping inventory one of the most important practices your business takes part in.
Most companies rely on Excel to input and store any inventory information they have on hand. However, Excel requires you to manually input most of the data you need to store. Any kind of manual data entry is subject to errors, which can cause problems for your company later on.
Using tracking inventory software can take a lot of the guesswork out of keeping track of your assets and products. This technology automates much of the inventory process for you, so you don’t have to manually track anything. Many inventory software programs are compatible with barcode scanning technology, which will update your database in a matter of seconds instead of minutes. If you need to pull up any records on certain items in your inventory, all you have to do is scan the connected barcode, and you can access the relevant information immediately.
When you have a lot of inventory to keep track of, saving a few minutes here and there can really add up. Since your company pays employees for their time, that means more money as well. There are several ways in which tracking inventory software can save you and your employees’ time.
Make it Easy to Find Assets and Product
When your employees spend time looking for the items they need to get their job done, they’re wasting time that could otherwise be spent productively. If they don’t know where something is, and you don’t have an easy-to-use system in place, they’ll likely spend time tracking down supervisors, who may not know where the item is either. Tracking down someone who knows the location of what they are looking for can take an indeterminate amount of time, which can greatly impact productivity for the day. Having a company-wide inventory system in place will help your employees locate items quickly, and help them get back to work.
Input New Items Quickly
New items come in on a regular basis. Whether you move a lot of product for your customers, or you need to update your company’s equipment, you need to know what you have and where you have it. Instead of spending hours or dedicating employees to the task of doing inventory, you can use barcode technology to make it quick and easy to create new item records in your database.
Access Inventory Records With Little Hassle
Whether you need to schedule an item for maintenance, or need to pull up product details for a customer, there are times when you need to find item records in a hurry. Not knowing how to find the listing you’re looking for can make you look bad, and can possibly cause you to lose customers. With easy-to-use inventory tags, you can scan an item’s barcode or look up records by keywords to pull up the data in no time.
Asset Panda was designed to help you simplify your inventory process. Our cloud-based platform makes it easy for all of your employees to update records as they change, making your database accurate and up to date.
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