Companies from a variety of industries have many assets and inventory items to monitor in their warehouses. For example, Cellular One has multiple warehouses where it stores its inventory for marketing events. But tracking all of those individual pieces can be tricky, especially if your company has thousands of pieces of equipment, items, or assets to organize.
Instead of keeping track of those valuables by hand, you can use any number of asset tracking systems to benefit your business. Here are a few ways in which tracking your assets can help you organize your warehouse:
Locate Your Assets in Seconds Through an Automated System
One of the biggest problems that companies experience in their warehouses is trying to locate a specific asset. Whether one of your employees needs it to get a job done or you need specific products to fulfill a customer order, you need to know where your assets are at any given time.
Using a software-based system is a great way to reduce the amount of time you and your employees spend trying to find the tools and products your company uses daily. You can’t afford to waste hours searching for items when you have customer orders to fill or client services to provide.
“Using a software-based system is a great way to reduce the amount of time you and your employees spend trying to find the tools and products your company uses daily.”
Keep Your Assets in Top Shape Through Asset Tracking Systems
When more than one person uses an asset, it experiences a great deal of wear and tear. If you don’t keep your assets maintained, they will break before their expected life cycle is up. Asset tracking systems are a great way to keep track of any maintenance requirements your assets have. Whether your machinery needs daily lubrication or you have specific items to check, using a system can remind you to schedule maintenance so it doesn’t fall by the wayside.
Figure Out How Much Money You’re Spending on Your Assets
Assets are big-ticket items and can take up a huge amount of your budget. If you aren’t careful, your asset spending can get out of control. Tracking your asset expenses is a great way to reduce spending and know exactly where your money is going.
Tracking systems are set up to help you track initial asset purchases, figure out what regulations and stipulations your assets are subject to, and track maintenance requirements. Automating these processes will enable you to monitor every detail related to your assets and help you stay in control of the tools and equipment your company relies on to keep functioning.
Asset Panda created an asset tracking system which works for companies in a variety of industries. Our cloud-based database is set up to allow you to track any type of information related to your assets. Whether you need to prepare for audits or know exactly what you’re spending on your assets, our platform is set up to help you automate your tracking needs.
Our platform is also set up to help all your employees locate your assets in a matter of minutes. They can use their smartphones to log in to your asset database and pull up or change information to reflect status in real time.
One of the industries in which we help address issues in higher education. The average school loses $250,000 a year from broken, lost, or stolen equipment and technology. Asset Panda helps several different schools and colleges track their equipment and prevent any losses.
Want to see how Asset Panda can help you? Sign up for a free trial today!
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