Organizations strive to gain greater control and efficiencies when managing their assets—technology systems, office equipment, and people. These tools help manage the complete lifecycle of particular assets, track their location to ensure assets are not missing or stolen, and ensure upgrades and system deployments run effectively. Both barcode scanning and RFID are key technologies used to accomplish asset and inventory management.

As organizations bring inventory into their warehouses they are concerned with where product is stored, how it is distributed to locations and customers, how to track units sold, and when to replenish inventory. In many cases, an asset and inventory management system can automate these processes and improve inventory positions and forecasting models.

By employing an asset inventory management system, your organization can achieve multiple benefits, including:

    Cost Reduction—Optimize inventory, reduce shrinkage, and lower labor costs

    Increased Revenue—Reduce out-of-stock SKUs, better monitor sales trends to optimize sales revenue

    Improved Efficiencies—Increased accuracy, reduction of data entry errors, and automated data collection to provide real-time monitoring

    Increased Visibility—Gain greater insight into key aspects of your organization