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
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
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
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
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
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?
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.
More from the blog
IT Asset Management: Benefits and How to Get Started
IT asset management deals with information technology, including its hardware, procurement, financing, and life cycle management.
A Quick Guide to Construction Asset Management Software
Construction management software facilitates tracking and managing large equipment and small tools, thus saving organizations money and time.
Check-in/Check-Out Software: How It Benefits Your Business
Companies overseeing a great deal of equipment can greatly benefit from check-in/check-out software. Such systems allow organizations to track, gather, and interpret data as items cycle in and out of various checkpoints.
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...
How to Increase Productivity with Asset Management
There are many benefits to asset management, including increased organization, the ability to make well-informed decisions, and better employee accountability. One important, yet often overlooked, aspect of asset management is how much it can increase...
10 Asset Tracking Tips to Help You Control Your Assets
Implementing the right asset tracking system for your company or organization is a major step in better employee communication, improved efficiency, and increased data flow that aids in decision making. Maximizing the benefits of asset tracking will help you...
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. ...
Equipment Checkout System: Tips and Benefits
An equipment checkout system is of no use to an organization if it isn’t user-friendly and kept up to date in real time. No matter what types of assets a company deals in, not knowing where an object is makes it as good as lost—which translates to wasted money. ...
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...
Types of Maintenance: Different Strategies Explained
Understanding different types of maintenance and various strategies of undertaking and tracking them enables a company to make the most of its assets. This information is especially useful for COOs of companies with inventory or physical assets, businesses with a...