A University Inventory Management Company: Now That’s Smart

The word “university” may not come to mind when you consider the kinds of entities who could benefit from the services of an inventory management company. But higher education is very much a business. Colleges and universities house and sell inventory throughout their respective campuses – for example, in the bookstore, student union or even off-campus retail store. Institutions of higher education also manage inventory in their dining halls, dormitories, health clinics, offices and campus maintenance centers. The opportunity for more effective management is significant. Inventory is likely to be among a university’s largest assets. Carrying too much or too little inventory can negatively impact an institution’s bottom line. It’s a fine balance that, in all honesty, is too much for any individual or group of individuals to manage day to day. To do it right, you need an inventory management system.

Unfortunately, many universities continue to rely on outdated, manual systems to track and manage their inventory. Excel spreadsheets are the most common practice among this group. It’s nearly impossible to track with accuracy the value, condition, whereabouts and other data of your inventory using a manual process. Why? The data is constantly changing, and humans make mistakes. Whether it’s a missed keystroke, duplication of effort, an oversight or some other error, those slip-ups happen.

A university seeking an inventory management company would be wise to consider a solution that’s easy to manage yet powerful, customizable and flexible enough to adapt as technology continues to evolve, and as the university’s needs change in the future.

Asset Panda has partnered with a growing roster of universities throughout the world to provide a streamlined, yet robust solution to their inventory management needs. Powered by free mobile iOS and Android apps, Asset Panda syncs with the cloud and requires no additional hardware or software to use – only the smartphones and tablets your staff already carries. Or use the web app if you prefer. Thanks to the cloud, Asset Panda is able to serve up real-time data to our clients 24 hours a day, seven days a week. Scanning is a snap; the app includes a mobile barcode scanner. You’re entitled to an unlimited number of users at no additional charge, so Asset Panda is in essence scalable, accommodating your needs as you continue to grow, and increasing accountability and accuracy throughout your entire organization.

The app eliminates the headache associated with manual data entry and ongoing maintenance, and eliminates guesswork, errors, and wasted time and money. At any time of day or night, you have in the palm of your hand the entire lifecycle of all of your inventory, including an item’s location, condition and value. Asset Panda empowers you to make sound financial decisions about your inventory. Zoom in or out, examine trends and issue reports among your stakeholders.

Regardless of the technological proficiency of your staff, they’ll find Asset Panda simple and intuitive. It’s completely customizable, enabling you to organize and display your data in the way that makes sense for your educational institution. Integration with legacy systems is easy. And the app is flexible enough to incorporate new technologies as they become available in the future. Every Asset Panda client receives full access to our entire features offering. Simply choose the options you need, and make changes any time you see fit.

Give Asset Panda a try free for 14 days, and see for yourself how a university inventory management company can help you work smarter. For more information or to get started, go to assetpanda.com