Loss and Theft are Common Tools and equipment represent a major investment for companies. When equipment is lost or goes missing, the return on this investment is drastically diminished, and replacement costs eat into money that could be used for better purposes. More...
An equipment inventory list is a mechanism that gives you more control over your business’ assets. It includes all the information related to the equipment, such as purchase date, dimensions, serial numbers, and much more. A completed and finished equipment inventory...
Key Takeaways Standard operating procedures (SOPs) help ensure equipment is used safely and correctly. By being proactive with their maintenance efforts, companies unlock better equipment reliability and longevity. Without an inventory of spare parts, equipment...
Businesses that understand their inventory through proper forecasting will realize immense business growth, profitability, and ultimately, success in the industry. Unfortunately, many organizations still do not understand the importance of inventory planning in...
Fire hazards pose a potent threat to every business. Businesses realize this and spend a substantial amount of money to acquire fire assets such as fire hydrant systems, fire hose pool systems, fire alarms, and automatic fire sprinkler systems.Businesses can’t just...
Earlier businesses were heavily reliant on manual processes that were time-consuming and highly prone to errors. Once economies started embracing globalization and more businesses started entering different industries, the competition started heating up. When the...
