The difference between inventory and asset management is critical when running your business.
Inventory management focuses on monitoring parts and products companies have moving in and out of their stores, where asset tracking focuses on keeping track of items or “asset inventory” an organization needs to function properly.
Inventory Asset Management
refers to the tracking of internal supplies that are consumed by a business for its daily operations. When looking at assets in your company you will need a different system to keep track of these items. These are things like office equipment, mobile tools, documents, and even personnel. Inventory management on the other hand focuses on the items that are part of your business model, that are being stored in your facility. The great thing about inventory management is that you can tie your purchasing system to automatically generate orders and communicate with your clients.
Download this PDF infographic to learn more about the differences between asset and inventory management and how it affects your company.
Reduce the time it takes to identify and track inventory with an inventory management solution from Zenventory. Zenventory is a robust and scalable inventory management system in the cloud that offers integrations to online marketplaces and shipping solutions. Pair it with a rugged handheld computer with our mobile app and harness the power of barcode scanning capabilities to cut your picking, receiving, and cycle counting time in half.
Did you know that Ubiquia offers an asset inventory tracking solution? Learn more about SqBx asset tracking.