Your Scanner for Inventory Should be Like Your Tracking Platform: Simple, Yet Powerful

By November 20, 2018Asset Tracking, Blog, Use Case

Your Scanner for Inventory Should be Like Your Tracking Platform: Simple, Yet PowerfulLooking for a scanner for inventory tracking? Before you make your decision, you’ll want to consider whether your inventory tracking system is the one that best meets your needs now and whether it’s flexible enough to adapt as your needs change in the future.

First, it’s important to understand that although the terms “inventory” and “asset” are often used interchangeably, there are important distinctions between them. Inventory refers to the items that companies buy and sell. Some companies – manufacturers, specifically – purchase parts or components and then create the finished products for sale. In either scenario, these companies have to make an essential determination as to how much inventory to keep in stock. Too little inventory and they could run out. Modern consumers are more demanding than ever and don’t like to wait for the products they want – especially when your competitor can give them what they want on the spot. Too much inventory and items sit on your shelves and could expire. You might have to unload them at a deep discount or just discard them. Either way, we’re talking about waste and lost revenue. To operate efficiently, trim waste and protect your bottom line, you need a powerful, yet easy to use platform that includes a scanner for inventory tracking.

While some companies rely on manual inventory tracking, we don’t advise it. Using pen and paper or an Excel spreadsheet to track your most important investment leaves too much chance. Even the most detail-oriented employee could make an honest mistake on your records. Keying in barcode numbers is tedious work. Manual recordkeeping also doesn’t enable you to create reports, analyze data or track it in real time. You can’t consolidate changes, set up custom security settings, create work orders or get all of your inventory stakeholders connected in a single communication loop. In short, it’s best to outsource the task of inventory tracking to a system that tracks and manages all of your data and gives you peace of mind, so you can focus on other priorities.

Your scanner for inventory tracking is a decision that should be based on the complexity of your present and anticipated needs. The handheld scanners you’ll find available online vary in their sophistication, so you’ll want to do your research and examine your options. Here’s another option you may not have considered, though: You can utilize mobile and cloud technology to manage the entire ecosystem of your inventory – and that includes your scanner for inventory tracking. All that’s required is downloading an app to your smartphone or tablet. Asset Panda presents the gold standard of this technology with the most powerful, yet most intuitive and flexible inventory tracking platform in the world. Asset Panda’s free iOS and Android apps sync with the cloud and include a mobile barcode scanner, so you won’t need any other hardware to manage and track your inventory. Everything you need is in the palm of your hand. Add as many users as you’d like at no additional cost, and arrange and organize your data how you want. Create reports, track depreciation, set up automatic restocking notifications, create work orders and set up custom security settings. With Asset Panda, you can finally take control of your inventory while you save time, money and frustration.

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