How To Tackle Low Inventory Stock Problem With Inventory Control Software

track low inventory stock with inventory control softwareUsing inventory control software to track low stock and replenish in time

Essential features of stock management for your business

Inventory control revolves around two types of business strategies i.e. quantitative and qualitative. What this basically means is that your asset base should not only include high-tech tools, but also the right number of tools. For a company to implement a robust inventory management routine, it is absolutely imperative that both these factors be taken into account. While organizations spend a lot of time devising inventory budgets so that quality isn’t compromised in any way, they forget that the next stage depends entirely on how you manage that quality. The smart move would be to make a one-time capital investment and then focus your efforts towards an outstanding stock management application.

The critical issue with inventory control is having low stock. While it’s easy to store extra stock in your warehouse – it can be quite damaging as well. Unused items are likely to suffer from natural calamities, expire and break down more often. This is why it’s wise to always operate at the optimal stock quantity. When you deploy just the accurate amount of stock, you increase the risk of shortages. These low inventory stock problems can be monitored easily. You can do this through a cloud-based inventory control and tracking tool. This software not only lets you take care of stock, it also tends to improve performance and productivity in the long run. A sound inventory management program focuses on the following metrics to deal with low stock: Continue reading

4 Effective Ways You Can Handle Tight Education Budgets With Asset Management For Schools

budget control with asset management for schoolsWhy education sector needs to consider asset management for schools

Major challenges faced by schools and their implications

Schools aim to bring across the best quality education to your children. In order to achieve this objective, it is necessary that teachers have the right tools to do their jobs. Even if you have the most valuable assets, lack of proper management routines can cost you a lot of money and low productivity. To maintain a substantial education standard, schools need to endorse robust asset management systems. But why is there a need for such a system?

The coming years are likely to pose some serious problems which can have a negative impact on the learning curve of students. It has been predicted that the number of students will increase by 650,000 till the year 2020. As the student base goes up, schools will have to expand their classroom capacities and arrange for additional teaching tools. Tools that would fit in the changing technological world. More teachers would have to be employed and monitored. Such drastic changes ultimately mean one thing for educational institutes; tight budget constraints!

Apart from all this, schools are also expected to face problems in accountability measures. Physical supervision of inventory is very expensive and not always reliable. In order to adopt the most cost-effective practice for asset management, it is critical that your school invests in a cloud-based tracking system. Continue reading