The right asset control tool is important to any company who relies on assets of any kind in daily operations. Whether you are a small startup or an international conglomeration, keeping up with all of your assets can be a daunting task. Accuracy must be on point and data must be up-to-date. Outdated data or even worse, overlooked mistakes can be very costly in the end.
An asset control tool helps companies avoid such scenarios. It used to be that organizations used shared online spreadsheets to track their assets. But that method is no longer reliable. Unfortunately, errors and accidents happen. Even to the most detailed employee. As we all push to do more with less and employers expect more out of the standard 8-hour day, items fall through the cracks, duplication of efforts occur, and expensive assets aren’t serviced on a regular basis, leading to premature breakdown or replacement. Any of these on their own can be problematic, but when one error leads to another which leads to another – then the chain reaction creates a critical situation.
These days, companies are becoming more mobile and that means that employees are working offsite and taking the tools and equipment they need offsite with them. This is where accountability and accurate data recording comes into play. A solid asset control tool like asset management and tracking software enables users to upload all the pertinent data about an asset into one central location that is accessible to all designated users. That sends guesswork completely out the door.
Now employees no longer need to search frantically for equipment. They can log in and see that “Item X” is out with “Employee A” and it will be back in 1 week. Employees can also see if an asset is out for repair or maintenance or even when it is due for an upgrade. Having access to this data allows employees to do their job better with the tools readily available and gives their fellow employees the responsibility of being accountable for the assets they use.
Employing an asset control tool capable of streamlining your tracking processes — whether at a warehouse, job site or even the home office — is fundamental to ensure accurate data gathering. Keeping track of every piece of equipment, additional materials, and/or consumables will improve accountability across your organization, reduce excess purchases, reduce paperwork, eliminate manual tracking that is prone to error, and improve maintenance accuracy. After all, the people who work with your assets do so in lots of different ways. They need to access information in a way that not only doesn’t impede workflow, but makes that workflow more productive. When you bring all of your stakeholders into one central location and provide access to vital information about your assets, you increase accountability, close the communication loop and, ultimately, save time, money and frustration.
Asset Panda is the best asset control tool on the market. Asset Panda’s flexible asset tracking system, available via free mobile apps and on the web, gives organizations large and small a comprehensive, lifecycle view of their vital assets and equipment. Completely customizable, clients are entitled to an unlimited number of users and may add specific details in their custom entries, like repair and replacement costs, current condition and administrative information. The depth of this information empowers clients to make better, more informed decisions, eliminates guesswork and costly errors, and cuts down on wasteful spending.
Asset Panda helps you keep track of where each item is/was located, type, size it is and builds a service history for each piece of equipment for future auditing purposes. You can even create and manage work orders against equipment maintenance in Asset Panda.
Asset Panda adapts to the way your business needs it work, taking users to the next level of functionality for all of their asset tracking needs. Try Asset Panda for yourself with a free 14-day trial and see how easy it is to access the information you need, when you need it, from wherever you happen to be working. Visit www.assetpanda.com today to get started.