This blog explains how to make a Stock Request for inventory items in EZOfficeInventory. You can read our accompanying blog on Purchase Orders for a full picture of handling procurement with our software.
1. How To Make Stock Requests as a Staff User
To do this, an Admin can give Staff Users the option to ‘Request Stock’, from Settings → Add Ons → Purchase Orders → Check ‘Allow Staff Users to create purchase order requests for Administrators to review and replenish stock’. Hit ‘Update’ to save the settings. (Note: This feature is only available for inventory stock items for now)Continue reading →
The best strategy for a business to obtain a greater return on investment (ROI) is to manage its affairs to create workflow efficiencies and economies of scale. Most businesses often fail to realize that their vendors (a.k.a suppliers) play a critical role towards their success in the market and ultimately profit maximization.
Inadequate vendor management practices can hinder your work routines by slowing down productivity and creating inefficiencies. For instance, a business does not possess a uniform record about the types of assets purchased from different vendors. Trying to find a solution to this situation will lead to wastage of resources. Vendor management through manual spreadsheet records does not suffice to business needs of today, as it lacks accessibility and automation. Whereas, in contrast, a cloud based management system offers your business supercharged features to tackle suppliers the right way. Continue reading →
Profitability and good inventory management are connected. Good inventory management boils down to accountability. Using a robust asset tracking software, you need to account for what’s coming into and out of your inventory. A study by the Gartner Group has shown that 70% of all businesses have ineffective inventory management systems in place, to the extent that the difference between their actual and projected inventory can be as large as 30%!
For the majority of businesses, inventory is a major asset, but if inventory is mismanaged it can create endless problems such as inconsistent high or low stock levels, miscommunication between warehouses and delays in fulfillment. It’s important to protect your business from poor inventory management. Unfortunately, many wholesalers rely on employees to manually monitor and react to changes in inventory. This approach exposes a business to errors and increases the risk that can impact its reputation. In order to be effective, asset management solutions, therefore, need to not only manage assets but to find a way to make your assets part of a larger managerial ecosystem.
Looking to optimize asset lifecycle management? Organizations of all sizes, in public or private sectors, can start by investing in a comprehensive asset tracking software.
What is asset lifecycle management?
Asset lifecycle management is the process that comprises different stages of an asset that it goes through during the span of its lifetime. The main stages of an asset’s life-cycle are planning, procurement, operations and maintenance, and disposal.
Tracking an asset’s life cycle is essential as it leads to optimized operations, minimized downtime and reduced overheads. There are different systems, methods, software, and standards which are used to manage different types of assets. A robust asset lifecycle management solution would enable an effective and well-organized asset and deliver services. For the same purpose, companies use asset tracking software to track and manage their assets’ lifecycle.
This blog details the stages of an asset’s life cycle and how you can track them using asset tracking software.
Do you ever feel like there aren’t enough hours in a day? This month, EZOfficeInventory is all about efficiency! We wanted you to be able to log, organize, and sync your data with the least amount of effort. Have a look at all the things you’ll now be able to do in a snap using our asset tracking software!
As far as New Year’s Resolutions go, EZOfficeInventory kept up its end of the deal in grand fashion! We can’t wait to show off the enhancements that have been made for you – all based on your feedback. Our asset tracking software now includes streamlined procurement workflows, and a robust Computerized Maintenance Management System. How’s that for a New Year treat?!
Read on to find out what we’ve got in store for you in our latest feature release!Continue reading →
Straddling the line between fall and winter, everyone was in the Halloween spirit this week with hordes of mutants and monsters lining the streets. In this time of celebration, EZOfficeInventory treated its users by going live with its revamped Mobile App for Android and iOS. We also rolled out some productivity-boosting features and other significant enhancements to our asset tracking software. Read up on what’s in store for you in our latest feature release.Continue reading →
You can use EZOfficeInventory to create and keep track of Purchase Orders, helping you easily define the types, quantities, and agreed prices for items you need. The Procurement Module ensures that orders are processed quickly by creating linkages between items and vendors.
Moreover, now enjoy greater control over your dealings with suppliers, print invoices to send on to vendors or keep for yourself, and watch items be updated as soon as they’re read as received on the system, without the need for any action on your side!
Procurement Management is a vital part of all asset tracking software aiming to track the complete lifecycle of business assets. Every single event in the life of an asset – from acquisition to retirement – needs to be logged meticulously and in adequate detail. Only then can businesses generate in-depth data from reports, lower long-term costs, and streamline their processes.
Procurement Management is significant as it enables businesses to log what was purchased, keep track of all pricing negotiations, and manage vendors and suppliers all under one system. Continue reading →