If you’re wondering what the fuss is about big data and how it applies to your business, you’re not alone. We all know data is a powerful tool for any company, but what makes big data different? Oracle defines big data is any data that contains a greater variety arriving in increasing volumes and higher velocity. That sounds pretty confusing on its own, but it’s simpler than you think.
Businesses use different kinds of assets to run their daily operations. Each department has its own set of inventory circulating within and sometimes, across its team. Not keeping tabs on the movement of your assets can gear you towards a management disaster.
What is inventory control and how is it implemented?
Maintaining rock-solid inventory control is the key to running any business. Several tasks, ranging from procurement and warehousing to final disposal, come under the domain of inventory control.
Since well-regulated inventory is important for running smooth operations daily, stock control should be a top priority for businesses. If implemented the right way, it can greatly boost operational efficiency.
Why is a barcode system essential for your business?
Keeping a track of your inventory while it passes through different stages of the supply chain is crucial to running your business seamlessly. Although many companies still rely on manual methods and guesswork for tracking their assets, using automatic programs for asset tracking can really nudge out inefficiencies.
Radio Frequency Identification (RFID) is the use of radio waves to read digital data coded onto tags. The scanned information can then be added into a business’s database for further use. RFID works under the banner of Automatic Identification and Data Capture (AIDC) mechanism.
By automating the data entry process, it minimizes the need for human intervention in daily business tasks. Using RFID scanners eliminates human errors, increases the accuracy of data and allows for improved decision making.
RFID technology generally consists of three components: a tag/smart label, a reader, and an antenna. The tag embedded in a particular asset transmits radio signals to the reader. Each reader has a processor that converts radio signals into a digital form so the data can be uploaded onto the company’s database.
Types of RFID Systems
There are two ways to scan and process radio signals depending on the location and configuration of the RFID tag.
All Item Groups created in EZOfficeInventory can be seen on a tree view, giving you a hierarchical view of subgroups. A group can have many subgroups inside it. With subgroups (aka nested subgroups or hierarchical subgroups), you can have unlimited levels of nested subgroups, which among other things can help you to:
Since every group can have its own visibility level, you are able to utilize groups and subgroups for different purposes under the same umbrella.
For large teams, subgroups make it potentially easier to separate permissions or access. Useful when User listings are enabled in Company Settings.
Make it easier to manage people and control visibility. Give people different permissions depending on their group association.
Equipment is critical to daily completion of tasks in any business. Be it the construction sector or the entertainment industry, companies have a multitude of assets. These could range from low-value items for everyday use to capital-intensive machinery. However, you can’t just let all this stuff go haywire.
To optimize performance and raise productivity levels of your equipment, it is important to devise some well-grounded management strategies.
One of the best ways to keep your equipment up and running is to track its performance across its lifespan. This allows you to keep tabs on changing work requirements and tweak your equipment accordingly to increase productivity. Before we jump onto the best practices, we need to know and overcome a few common hurdles that crop up when it comes to equipment tracking. Continue reading →
EZOfficeInventory allows you to effectively manage your assets by ironing out your check-in and checkout workflows. The system is capable of integrating with multiple Barcode, QR Code, and RFID tag scanners to clock in item details into the system as soon as the code on an item is scanned during check-in, checkout or reservation etc.