Learn the benefits of using an asset management software for inventory management

Inventory management is a necessary administrative task for almost every business. Still, it’s often put off or ignored because it seems to have little impact on profit or the company’s short-term goals.

But accurate and efficient inventory management, made possible by good asset management software, can help your business in ways you might not expect.

What is asset management software?

An asset management software is a platform that lets you scan, track, and store information on all of your company’s or facility’s assets, from tools and equipment to computer hardware and everything else.

An asset management system can have features like data fields that can be changed, reports that are automatically made, access to the platform through the cloud so that it can be used from anywhere, and more. Inventory management apps are used by businesses to keep track of the value, location, availability, and maintenance schedules of the assets and equipment they use every day. They can also be used to make sure employees follow the rules and keep track of money, as well as to make employees more responsible.

A centralized asset inventory app can boost productivity

One of the best things about using technology is that it can save you a lot of time. Your employees will spend a lot less time keeping track of inventory records if they can use a system to do it for them. Companies know that keeping track of inventory can take up a lot of time, but with the right software, it doesn’t have to.

It can seem like all you do when you run a business is put out fires. As soon as you solve one problem, another one comes up. If you don’t have a mobile solution, it can be hard to schedule employees to work on inventory or fix problems as they come up. If you have a mobile app that makes it easy to access inventory records at any time, you can put employees on inventory duty as needed and check stockpile records if problems come up when you’re not in the office.

With a cloud-based asset management system, you can access data from anywhere.

The portability of your asset inventory management system is also a factor in how easy it is to use. Because of this, mobile technology is so important. You might need to access your data after hours or while you’re out and about, so it would be smart to find a mobile solution. Also, if you can find a product that syncs with the cloud, you’ll have the peace of mind of knowing that your data is always up to date.

Customize as you wish

Another thing you should look for in asset inventory management software is the ability to change and adapt to your needs. Asset and inventory management can’t be done the same way for every company because no two are the same. You should be able to change things at any time and change how things work to suit your needs. Your software should change to fit your needs, not vice versa. Keep in mind that you don’t have to buy separate products for assets and inventory. You can find a single product that puts both functions in one, easy-to-navigate place.

Avoid repurchasing

When all of your stock is in one small building, it might seem easy to keep track of it. But what happens when your business grows or your assets are in different places? Now, it’s not always clear where some assets are or even if they exist.

Many businesses end up buying assets they already have. This wastes not only money, but also the time they spend waiting for a newly ordered asset to arrive, which is already sitting on a shelf somewhere, but no one knows about it.

With good asset management software, you always know what you have, where it should be, and if it still works. This helps you avoid buying the same thing twice and lets you know when you need to buy something.

Compatible with mobile devices

No matter where your employees are, it is much easier for them to look up information on a mobile device than it is on a desktop. Most people always have their phones with them, so they can just pull it out of their pocket, open a mobile app, and access data. Desktops are stuck in certain spots and can’t be moved without a lot of trouble. If your employees are out in the field and need to access your asset tracking system, they won’t have to go back to the office to get the information they need.

Enjoy the benefits of CloudApper asset management software

CloudApper made the most powerful and easy-to-use asset management software in the world after years of research, development, and testing.  CloudApper Assets lets you keep track of your assets and inventory with the phones and tablets you and your employees already have. Our mobile app works on both iOS and Android devices, and it syncs with the cloud so that your data is always available. You can see the full lifecycle of all of your important assets and your inventory right in the palm of your hand.