The Difference Between Assets and Inventory (And their Management)

The Difference Between Assets and Inventory (And their Management)

Assets and inventory seem like interchangeable terms, but these are two distinct terms for what a company or organization owns.  Understanding and leveraging the difference between asset and inventory is important to achieving an efficient, forward-looking employee team and management structure.  Both asset management and inventory management require a structured, tailored approach for...

The Difference Between Assets and Inventory (And their Management)

Assets and inventory seem like interchangeable terms, but these are two distinct terms for what a company or organization owns.  Understanding and leveraging the difference between asset and inventory is important to achieving an efficient, forward-looking employee team and management structure.  Both asset management and inventory management require a structured, tailored approach for...

6 Types of Asset Management Explained

6 Types of Asset Management Explained

Managing your organization’s assets, no matter what type, unlocks efficiency and greater accountability. Learning about various types of asset management will help you gather information about the best system for your business and reach a well-versed decision.  Finding a good fit for the nature of your company, as well as one which serves your employees and clients well, is the first step...

Cloud-Based Asset Management Benefits

Cloud-Based Asset Management Benefits

Companies often overlook cloud-based asset management when thinking about tracking or caring for inventory or the items a company owns. Part of the issue is that the term isn’t always clearly understood. Cloud-based asset management is different from cloud asset management.  Let us define these two terms.  Cloud asset management is generally understood as the organization and...

A Guide to Fixed Asset Tracking

A Guide to Fixed Asset Tracking

When companies begin to organize assets for greater efficiency and control, the first items that come to mind are naturally movable assets, such as hand tools, tablets, and inventory in a supply chain. These items might be checked out by employees, moved between rooms in the same building, or distributed to far-flung worksites.  However, attention must also be directed towards fixed assets....

Asset Management Best Practices

Asset Management Best Practices

Knowledge of asset management best practices and their efficient application can result in a smoothly-running organization that will become more productive, have more involved employees, stay compliant, and serve its customers better.  In the end, all these factors mean one thing: your company will save some money. Anyone interested in applying asset management will benefit from these best...

Asset Tracking Methods to Know

Asset Tracking Methods to Know

A company’s assets are of little use if employees aren’t sure where they are, where they’ve been, or where they’re going.  The data collected from each asset’s daily activities, even if it remains fixed, is invaluable.  Asset tracking can help immensely when it comes to: efficiency in central supply managementreducing loss and petty theftattending to preventative maintenance  This...

What is Asset Tracking?

What is Asset Tracking?

Asset tracking refers to tracing items an organization owns and having real-time information about their location and status. The assets can be mobile, moving from one place to another, or fixed.

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The Difference Between Assets and Inventory (And their Management)

Assets and inventory seem like interchangeable terms, but these are two distinct terms for what a company or organization owns.  Understanding and leveraging the difference between asset and inventory is important to achieving an efficient, forward-looking...

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Managing your organization’s assets, no matter what type, unlocks efficiency and greater accountability. Learning about various types of asset management will help you gather information about the best system for your business and reach a well-versed decision. ...

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Cloud-Based Asset Management Benefits

Companies often overlook cloud-based asset management when thinking about tracking or caring for inventory or the items a company owns. Part of the issue is that the term isn’t always clearly understood. Cloud-based asset management is different from cloud asset...

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