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...

Tool Room Software – 12 Things to Look for When Choosing a Solution

If your business depends on having the right tools available when you need them, having a tool room in place is likely not a new idea to you. A tool room allows you to store, control, and maintain your company’s valuable tools and equipment in a central location. When your next big job comes, you don’t have to worry about finding and repairing tools before you get started if you have a...

How GoCodes is Responding to the COVID-19 Pandemic

We take the health and safety of our employees, contractors, vendors and customers seriously and in light of recent events are taking the following steps to help reduce the impact: Remote work will be encouraged for all employees, contractors and sub-contractors. All employees, contractors and sub-contractors will be granted the flexibility to adjust their work schedules including taking...

White Paper: Is Your Company Losing Construction Tools and Equipment?

How can construction companies reduce accidental asset loss? It will begin by providing a worksheet that can be used to estimate the financial impact that missing tools and equipment are having on your business before looking at the most common asset tracking methods being practiced today and how they’re largely ineffective. A simple, total asset tracking solution is then presented as the...

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7 Benefits of Bluetooth Beacons in Construction

More and more industries are adopting Bluetooth beacon technology to improve different areas of their operations. This comes as no surprise because this technology has been changing and improving over the years and can now do so much more for businesses than ever...

7 Tips for Effective Tool Management

Effective tool management is essential for ensuring that tools are available when required. Here are seven tips on how to manage your tools effectively.