Furniture Inventory Asset Management Protects Your Investment

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You may not have thought much about furniture asset management – even if you’re a business owner. But that furniture represents a significant investment. There are several scenarios in which furniture inventory asset management platforms can benefit any company, particularly large organizations with a large employee base or multiple locations to furnish and maintain.

Do you know who's responsible for furniture management at your organization? Perhaps it’s your office manager, another appointed employee, or a group of employees. If you’re a larger organization, you may have a facility management team responsible for oversight. Regardless of who’s accountable for the job, having an accurate and reliable furniture asset management plan to manage this task will save you the frustration of missing assets, lost time, and money.

Furniture Asset Management: The First Step

To illustrate how a furniture inventory asset management system can vastly improve the efficiency of an organization, let’s consider a college. You don't just find furniture in the classrooms, administrative offices, the library, or the student union. Long before the start of each school year, someone has to assess the inventory of dormitory furniture, determine whether the institution has enough inventory to accommodate new and returning students and whether inventory is in good condition.

First, you should complete an audit of your current inventory to ensure that you're following the best practices for making that assessment. The educational organization will then be able to determine based on real-time, accurate information on what it has, its location, and the condition of the furniture.

If additional inventory is needed, the institution can purchase the proper quantity based on facts, not guesswork. And, if any items require repair, refinishing, reupholstery, or some other service, the furniture inventory asset management platform can record those items and even create work orders.

Track Warranties and Repair for Your Inventory

Another invaluable benefit of a furniture inventory asset management platform is the ability to track warranties. Should your assets require repair, your warranties could save you a lot of money.

Unfortunately, losing track of those warranties in a random file cabinet or employee’s desk is easy. A formal asset management platform allows you to store those policy details in a single location so you never again have to waste your valuable time hunting down policies or paying for repairs you shouldn’t have to cover.

Because ease of use is key to buy-in from your staff, you’ll want a furniture inventory asset management system that’s intuitive and streamlined. Asset Panda’s free mobile iOS and Android apps require no additional hardware to use and include a mobile barcode scanner. Everything you need to track and manage the complete lifecycle of your assets and inventory is as near as the mobile phone or tablet you already carry.

Asset Panda's Inventory Management Software

Asset Panda's furniture asset management software closes the communication loop among asset and inventory stakeholders. Our asset control system has a simple user interface, a completely customizable format, and hassle-free integration with legacy systems. We make it easy to convert your current processes to the Asset Panda platform. And there’s no limit to how many users you can add to your account, and the app requires no extensive training.

From an item’s current location, condition, and value to its check-in/check-out status, complete maintenance history, and lease/purchase information, Asset Panda puts your asset data in your hands 24 hours a day, seven days a week. And, because the app syncs with the cloud, you can have the confidence to make decisions knowing that your data is current and accurate.

Are you interested in streamlining your furniture management process? If so, try our asset management software free for 14 days (no credit card required).

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