Asset Tracking for Small Businesses: Is It Time to Ditch the Spreadsheet?

Asset tracking is essential for big businesses. It helps minimize costs and prevent unnecessary losses through a streamlined management system. While some small businesses get by without asset tracking management systems, it is just as important for them to minimize costs and improve efficiency. If you’re running a small business and still using a spreadsheet to track your assets, it’s …

6 Benefits of Tracking Construction Assets Electronically

Takeaway:  Tracking assets is a useful process in all types of industry, but tracking construction assets is especially vital. How many times have you misplaced you phone or remote control and wished you had some kind of tracking device that could help you locate it right away? Now just imagine the same frustration, but amplified. Instead of missing the first …

How Inventory Management Software Can Help Reduce Costs

Inventory management software has proven to be the definitive solution to avoid product overstock and low stock balances. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets. Inventory management software helps to reduce carrying costs and establish a desirable re-order point. The software is used to track products, parts, and …

Improved Material Management Through Data Collection

In the trucking industry, effectively tracking loads is a necessity in successful project management and accurate billing. This involves effective material management aspects such as keeping track of round times, type of material being hauled, and quantity of loads for individual trucks. If organized correctly, this provides supervisors or management with up-to-date data on material being hauled and a running …

Is an Asset Management System Necessary For Your Business?

What is Asset Management? An asset is any item that provides value to a business. Fixed or mobile, tangible assets such as IT equipment, tools, heavy equipment, laptops, vehicles, and more, all provide businesses with the ability to conduct operations and generate revenues. Companies often spend a significant amount of earnings on expensive tangible assets, since they should pay for …

How Real-Time Tool Crib Management Can Improve Your Business

The tool crib is an essential part of managing your tools. If managed correctly, it will allow a company to know where their materials are, and who has them. This includes materials such as shovels and rakes, to more expensive assets such as surveying equipment and generators. As with all expanding companies, the amount of tools needed grows correspondingly; and …