Whitepaper: Executing Construction Asset Tracking Workflows

Construction Asset Tracking

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This whitepaper will talk about the challenges faced by the construction industry, and how construction asset tracking software features can help you overcome them. We will also outline some common construction workflows used by EZOfficeInventory customers to optimize construction asset management and increase their ROIs. Continue reading

Knowledge Base For Print Labels: All You Need To Know

Print Label Knowledge BaseImportance of Print Labels

The labels you choose for your product can reflect a lot of important information. It is therefore essential to make sure your labels are clear and direct. When trying to organize assets, a seemingly obvious step would be to have them labeled clearly. Simple and easily understood labels are a great way to make sure you’re setting off on the right foot with asset tracking.

1. Designing Print Labels

EZOfficeInventory enables you to create and edit labels using the Label Designer. To access this, go to either Settings → Print Label Tab OR More → Printout Templates.

Here, under the ‘Label’ tab, you can add, edit or delete templates for the following Print label types:

  • Items
  • Bundles

print label templates Continue reading

Small Business Inventory Software: Survive A Management Disaster

Small business inventory software Indicators of a management disaster – poor inventory performance

Inventory comprises of stock goods ranging from raw materials to finished products and plays an important role in achieving daily business targets. One of the greatest challenges faced by small firms is maintaining optimal levels of inventory. Given the fluctuating nature of consumer demand, quantity can be quite difficult to maintain. A small business inventory software can help regulate stock levels and solve inventory problems. Continue reading

Using Tool Tracking Software to Coordinate Field, Warehouse, and Office Teams

tool tracking software

Warehouse, on field, and office teams all deal with the consequences of inefficient tool management. Well-planned tool management is one of the primary concerns for tool-intensive companies, with prominent examples being the construction, manufacturing, and maintenance sectors. Even though most of these companies understand the need for efficient tool management to optimize business processes, few take any steps at all in this direction. With more and more businesses migrating their functions to the digital realm, a tool tracking software can help streamline processes immensely.

Companies in industries like manufacturing and construction have several teams interlinked with their assets. The warehouse team handles inventory levels and oversees pick tickets. The field team works directly with the tools in manufacturing and maintenance procedures. Finally, the office team oversees this entire process, keeps track of data logs, and monitors business progress. This is true whether you’re dealing with small tool tracking or construction tool tracking. Continue reading

What Makes An Asset Management System Software Vital for Your Business?

asset management system software

Asset Management System Software: What is it and why is it important?

All companies in various sectors of the industry deal with several different assets in a day. Without an efficient mechanism to track this tied up capital, firms can experience disruptive workflows, resulting in huge losses and stunted growth rates. An asset management system software helps keep a record of business owned property including equipment, tools, vehicles and more to ensure the smooth operation of daily tasks.

Failure to have an updated database can lead to negative consequences for your business. Most firms are unaware of the amount, the location and the condition of the tools that they are housing. Missing out on procurement schedules can lead to unexpected outages and delays in work routines. The absence of accountability mechanisms also aggravates high misplacement and theft of tools. To prevent such scenarios, firms acquire an asset management system software to handle their asset management.   Continue reading

Best Practices to Lower Costs through Machine Downtime Tracking

Machine Downtime TrackingThis article will take you through machine downtime tracking, its costs to an organization, and some best practices that can be utilized to pave the way for efficient maintenance processes.

Downtime is generally defined as a period in which a piece of equipment is non-functional and does not produce any useful output. All equipment, large and small, can suffer from downtime. This may include IT assets like laptops and printers, as well as heavy industry machines such as turbines and pumps. Power outages, unplanned maintenance, or the shortage of materials or staff can all contribute to equipment downtime.

Downtimes are expensive business. They cost the world’s top companies billions in revenue every year. A recent report claims that businesses lose $84,000 to $108,000 USD for every hour of IT system downtime. This is why it is extremely important to understand what disrupts machine uptime. It can help you  improve lean operational processes, and lower costs in the long run. Continue reading

Why You Need an Inventory Tracking System for Your Business

Inventory Tracking System

What is inventory tracking: Manual vs. automated

Inventory is a stock of goods an organization accumulates before finally putting it up for sale or disposing it after its utilization. Once an asset has been acquired by a company, its utilization needs to be monitored constantly until disposal. Doing this is extremely vital as stock levels need to be optimal at all times for the smooth operation of your business. Failure to do so will result in unwarranted delays, pulling down productivity and halting workflows. Hence, several companies are looking into employing an inventory tracking system in their companies. There are two kinds of methods available- manual and automated.  

A while back, before technology revolutionized the business world, organizations made use of the card system or “Kardex” to account for purchase orders. The quantity bought or sold was written at the back of the card for the item and totaled at the end. Present day companies sometimes carry out a similar process by entering their transactions into spreadsheets. On the other hand, fully automated programs completely eliminate the need for manual labor, as they operate on unique ID scanners and maintain data securely on the cloud. Whenever a new transaction takes place, a notification is sent to alert the respective departments. Continue reading

5 Key Ways to Use an Inventory and Asset Management System

5 Key Ways to Use an Inventory and Asset Management SystemBusiness inventory is generally categorized as either finished goods or raw materials, to be used in production. On the other hand, a company’s assets are generally divided into current and non-current assets. Regardless of the type, every organization has to handle a large volume of assets as part of their daily operations. Managing such a large volume and variety of assets can be a challenge. For this, organizations need to implement a robust inventory and asset management system. However, doing so is not as easy as it sounds. Continue reading