Inventory is Complex Business. The Right Software Can Help You Master It.

By January 24, 2017Asset Tracking, Blog

Inventory is Complex Business. The Right Software Can Help You Master It.

If you’re running a business, whether large or small, you’re tasked with how to manage your inventory, and software can help you keep your organization running smoothly. Your inventory management system should empower you to fulfill orders quickly, make informed decisions about replenishment and allocation and, ultimately, increase your sales. Additionally, you should be able to track and manage your assets quickly and easily, determine their respective values, increase accuracy across the board and create the reports you need, among other benefits.

A static spreadsheet simply won’t fit the bill for your inventory management needs. Some companies continue to rely on Excel documents to log all of their inventory and asset information, but it’s difficult if not impossible to maintain accuracy with a manual system. Sooner or later, an error will likely throw off your records, whether it’s due to oversight, a missed keystroke or some other simple mistake. It’s also challenging for employees to keep up with manual records, given the scope of their other responsibilities. On any given day, there are fires to put out, and those records can all too easily be shoved to the back burner in the wake of more immediate demands.

A manual system also won’t show you such vital information as whether you’ve already purchased an item; the exact location and condition of an asset; its up-to-the-minute value; maintenance history; check-in/check-out status; and insurance policy information. Your inventory requires a living, breathing tracking system, and you need software that’s flexible enough to adapt to new technologies as they become available. In short, it’s time to kick Excel to the curb.

If you’ve made the decision to bring your inventory management into the 21st Century, you’re going to find a lot of options on the market. As companies grow, their inventory and assets have created demand for software products. Combing through those products and determining the best fit for your organization can be a confusing process. You’ll save yourself a lot of time and aggravation if you choose a solution that’s easy to use, yet powerful and customizable for your specific needs. After all, no two companies are identical, so a “one-size-fits-all” product won’t work for most organizations.

Asset Panda offers a best-in-class solution for all of your inventory and asset management demands. It’s a powerful, yet simple to use mobile tool that syncs with the cloud, so your data is served up in real time, 24 hours a day, seven days a week. The app includes a mobile barcode scanner and requires no additional hardware or software to use – only the smartphones or tablets you and your employees already carry. You can add an unlimited number of users to your account at no additional charge. That enables you to loop in every one of your stakeholders, increasing accountability, transparency and accuracy.

Asset Panda offers an Inventory Management Module that delivers the information you need to reduce and ultimately eliminate redundancy, loss and theft; import data from existing spreadsheets; more accurately calculate appreciation and depreciation figures; raise the bar on your budgeting, planning and financial preparation; and so much more. Our simple to use system makes it easy to import and export data, integrate with legacy systems, and design and produce relevant, insightful reports.

Our free mobile apps are incredibly simple to use and require no extensive training to master. Asset Panda is completely customizable, enabling you to track your assets any way you want. Customize the dashboard, columns and fields, asset listing views, notifications, alerts and reports. This is a tool that adapts to your needs.

Give Asset Panda a try free for 14 days, and you’ll find out why some of the world’s biggest brands trust us to help them manage millions of dollars’ worth of their most vital assets. For more information or to get started, go to assetpanda.com

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