Any business needing to track and manage assets or inventory will know all too well how complicated and time-consuming this can be. Visibility, accuracy and real-time knowledge of asset or stock status is vital to efficiency and productivity. Yet too many companies still settle for out-dated, labour-intensive systems like spreadsheets, seemingly unaware that an intelligent software solution can provide all the answers they need to operate at peak performance. This is where Asset Management and Inventory Control software can make all the difference, maximising efficiencies, saving time, and minimising the cost involved.
We’ll cover asset management first. Essentially, such software exists to monitor, analyse and report on all asset data from a single, centralised system. Managers will be able to access necessary information at the touch of a button, in real time, to assess trends and make timely, efficient, and cost-effective decisions.
Asset management software allows businesses to give spreadsheets the boot, eliminating time-swallowing, error-strewn methods that can often cause more doubt than certainty. After all, certainty is what asset tracking should be about.
So, how do you choose the right asset management system? What should your customers have on their wish list?
Look for systems that offer seamless installation, effortless integration and intuitive user interfaces. They should include high-end tracking technologies, often incorporating barcoding, GPS and RFID, with cloud-based access… all cohesively concentrating on physical assets, like employees, vehicles and IT equipment.
Aim high and stay there
Ideally, the goal of asset management is to drive down the cost of purchasing, operating and maintaining business-critical assets. The net effect is that you’re able to mobilise systems and operations more efficiently, thereby optimising performance, ensuring quality of output and maximising returns.
The benefits can be huge and yet, too many business may be unaware of the rewards to be reaped. The right software allows you to track assets from a single hub, avoiding the need to interpret data from multiple sources and systems.
This hub goes with you, allowing you manage ‘on the go’, from any location. You’ll be able to isolate and manage asset risk throughout its lifecycle, to identify and recall so-called ‘ghost’ assets (those assets no longer available, through damage, loss or theft, yet still shown as ‘active’ on registers). Furthermore, an effective asset management system will allow you to schedule maintenance without having to delay or disrupt operations or workflow, as well conduct audits and produce reports easily and quickly.
What about managing stock?
When trying to grow any type of business selling physical goods, stock control is often one of the greatest headaches. The better you do, the more there is to count. And, as you expand into new markets or channels, manual stock control can soon become a business migraine. There will come a time when a hands-on approach might leave you with your hands in the air as frustration takes over.
As a reseller, if you have customers logging in to individual sales channels to update products and facilitate orders, or platform-hopping to manually adjust inventory levels after each sale, then they’re bound to be suffering. It can easily result in them over-selling, causing customer service issues and denting customer loyalty.
Here’s where you can help.
Talk to your customers about inventory control software. Like its asset management cousin, inventory control software is a centralised hub that provides the full 360 view of stock counts and sales… efficiently, intelligently and far more cost-effectively.
The mist will soon lift, and the pain will fade. Once the software steps in, it will align orders with inventory, and update stock levels each time a product leaves the building. The benefits couldn’t be clearer. Costs come down. Excess stock and stock-outs will be a thing of the past. And analytics will facilitate smarter, more agile business decisions.
In both asset management and inventory control, having smart software on your side can be the difference between ‘busy fools’ and bustling bottom lines. One company that’s setting the industry buzzing is Wasp Barcode Technologies. They’ve developed solutions that are fast becoming must-haves in the quest for efficiency and profitability.
Take the sting out of tracking
Wasp is the only asset tracking solution able to integrate all of the necessary software, hardware and asset tags that businesses could need to operate an asset management system. The Complete Fixed Asset Tracking System is a bespoke solution designed to flex to business needs.
It will give your customers the chance to automate their fixed asset tracking to enhance check-in and check-out, produce faster auditing, and deliver flawless reports. Because of its intrinsic agility, it’s able to cover multiple tasks, including IT asset tracking, equipment tracking and tool tracking, amongst many more…
Take stock more efficiently
Wasp inventory software will help your customers enjoy visibility and control of inventory, as well as stock levels and stock cycles. Less time will be spent hunting down stock, so that more time can be devoted to improving customer service.
Wasp’s Stock Control Software is designed to eliminate manual stock control management. Instead, your customers could soon have their finger on the pulse of accurate stock counts, thereby reducing human error and saving time. No more manual entry of items, location bins, order picks, and stock receipts. Stock reports can be viewed in real time, with instant data available on transactions by site, individual purchase order histories, or itemized stock levels by SKU. You’ll also receive notifications on low-level stock and be able to automate re-order points to each bin location, as well as automating preferred vendors for each item.
Who might benefit from asset management and inventory control software from Wasp?
In reality, Wasp’s solutions open doors to a range of industries for resellers. A few typical examples would be the Public Sector for education, healthcare, councils and government, as well as warehousing, manufacturing, military, retail and banking. There are some inspiring case studies that demonstrate exactly how organisations are transformed by Wasp’s technology.
Wasp has really spread its wings
As well as providing the software solutions, Wasp offers award-winning hardware. There is a comprehensive range of Barcode Scanners, Mobile Computers and Barcode Printers, ready to assist in any application. Wasp products are known for their quality, proven reliability, ergonomic design and ease of use. But it’s not just the comprehensive solution that makes Wasp an attractive prospect. You can recommend them to customers with long-lasting confidence as Wasp offers free, unlimited technical support for the lifetime of the product. Users have access to an online portal for the tech support tickets as well as step-by-step tutorials and a knowledgebase. Plus, there’s onsite training available if customers require it.
To find out more about Wasp Barcode Technologies and how Ingram Micro can support your sales, please contact our DC POS team on 0371 973 3699 or email email@example.com