Cost Savings of Inventory Software Just the Beginning of Associated Benefits

What usually motivates a company to invest in inventory software is the desire to trim its expenses. But that’s really just the beginning of the overwhelming advantages of this software.

The right inventory software can deliver a host of benefits to any organization, large or small. Perhaps the biggest benefit, however, is the elimination of frustration. It’s hard to fathom any company attempting to manage its inventory without the aid of software, but it happens. Some organizations continue to rely on manual Excel spreadsheets and even pen and paper to track their inventory. In other words, they’re using a static system to manage data that’s constantly changing. Whether you assign one employee or multiple employees to the task, it’s nearly impossible to maintain accurate records this way.

Why? We’re human. Errors aren’t a question of if, but when. Whether it’s duplication of effort or a missed keystroke, simple oversight or some other mistake, it’s going to happen, and it’s going to throw off your records. Manual recordkeeping also significantly extends the time required to manage your inventory process. It’s not in real-time, so there’s a bit of assumption and guesswork involved.

Some organizations are under the impression that inventory software is expensive, but it doesn’t have to be. In terms of financial outlay, time and frustration savings, and accuracy, inventory software is a no-brainer. It can help your business tighten up your operations, keep your customers happy and enable you to focus on other priorities while saving you significant and measurable revenue.

By generating labels, inventory software gives you a means to track your inventory at every stage of its lifecycle – from its initial acquisition to its location in the warehouse to its ultimate sale. You’re able to take the “30,000-foot view,” so to speak, of your inventory, examining quantities at locations throughout your organization, and making informed decisions about when to reorder. Best of all, when you’re relying on accurate, timely data, you don’t have to worry about disappointing your customers with an early sell-out. Nor do you have to throw money down the toilet thanks to excess inventory that languishes on your shelves and ultimately becomes outdated.

A lot of inventory software products on the market continue to tie customers to their computers and require them to use a handheld barcode scanner. Dallas-based Asset Panda invested years of research, development, and testing to produce an inventory software solution that greatly streamlines the process of inventory tracking and management, eliminating headaches and increasing accuracy and productivity. The most powerful mobile platform in the world, it’s powered by free iOS and Android apps that sync with the cloud and include a mobile barcode scanner. You won’t need a separate scanner or any additional hardware to use Asset Panda – only the smartphone or tablet you already carry. Add as many users as you’d like at no additional charge. Asset Panda’s philosophy is two-fold: First, every stakeholder should be involved in the inventory conversation, which increases accountability and accuracy. Second, no two companies are same, and so they should be able to track and manage their inventory and assets any way they want. With that in mind, you won’t find a more flexible inventory software on the market today than Asset Panda. It’s easy to integrate it with your legacy systems, and it’s also simple to import and export data into and out of the tool.

With Asset Panda, you have the ability to track your assets at every stage, helping you maintain adequate stock, examine trends and make adjustments when necessary. Asset Panda is the most user-friendly, intuitive inventory software on the market. Your employees won’t need extensive training to learn the ropes, and they’ll like the app’s flexibility and customizable features.

Watch this testimonial for details about how a company used Asset Panda for its disaster recovery efforts:

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Courtney Roush

Courtney Roush is a freelance writer, editor, and communications strategist with 25 years of experience. Her favorite discipline is crisis communications – and it’s a highly relevant one in our present times.

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