Global businesses are under increasing pressure to ensure accurate and timely order fulfillment. While many management tools are available to centralize information and procedures, inventory control is sometimes neglected. Spreadsheets and hand-counting are not an accurate means of tracking your critical inventory. This article provides insight into how an Inventory Tagging System (commonly known as…
There are countless reasons to leverage Enterprise Asset Management (EAM) software. It is widely accepted as a best practice for managing the lifecycle of physical assets to maximize use. What is often overlooked is how to best track those assets as they are moved throughout an organization. Many companies will use spreadsheets or even scan…
Asset Tracking vs. Inventory Management For a company to run smoothly and maximize profit, it must keep track of its assets. The term “asset” is very broad and refers to everything a business owns that has current or future economic value. By definition, a company’s assets also encompass its inventory. While this broad definition adds…
RFID and Barcoding are the two most effective and popular asset and inventory tracking technologies available. Both are very common in retail, transportation, manufacturing, and supply chain sectors, where asset tracking is critical. Whether you are looking to implement a new technology or to extend your existing tracking systems, it’s important to understand the differences…