The inventory of a company usually represents a significant part of its asset value. Those responsible are always anxious to handle it carefully and responsibly. The asset management software from seventhings is an important tool to help you with this.
On this page you will find content on the following topics:
Inventory – why proper asset management is important
Reliable inventory, step by step
Establish a successful process
Professional asset management software pays off
Why proper asset management is important
Inventory is an important process for any business, regardless of size or industry. It involves recording and registering all of a company's assets and resources. This includes stock, machinery, office equipment, computers, vehicles and much more. Why is inventory important?
Firstly, inventory allows businesses to keep track of their assets and resources. Without a complete inventory, it can be difficult to know what items exist and where they are located. Inventory control allows businesses to ensure that they have enough goods on hand to serve their customers without building up unnecessary stock. Regular stocktaking also helps to avoid unnecessary expenditure by discarding obsolete or damaged goods or resources.
Secondly, regular inventory helps companies to optimise their operations. For example, by keeping track of stock, companies can determine exactly when new orders need to be placed. In this way, companies can plan and coordinate their business processes more efficiently.
Thirdly, accurate inventory is important for simplifying accounting and tax procedures. By accurately documenting inventory, businesses can more easily make write-offs and valuations. In addition, a correct inventory enables companies to file accurate tax returns and avoid potential tax problems.
Successful asset management
Step-by-step asset management
- Planning: Define the purpose and scope of the inventory and when it will be carried out. Determine who will be responsible for carrying out the inventory and how the results will be recorded.
- Preparation: Make a list of all the items to be inventoried. Ensure that all items to be inventoried are accessible and that all necessary tools (e.g. barcode scanners, lists) are available.
- Implementation: Start with the inventory process. Ensure that each item on the list is inventoried and that the correct information (e.g. item description, serial number, date of acquisition, value) is recorded. If necessary, use a barcode scanner to speed up the process.
- Documentation: Review the inventory results to ensure they are complete and accurate. Correct any errors or discrepancies. Then evaluate the inventory results. Analyse the data to identify trends and patterns. Use the results to make decisions about purchasing stock or assets, or to solve stock or asset management problems.
Want to learn more about how to successfully manage your assets? Your free How-To Guide will take you step-by-step through the inventory process.
Tips for a successful inventory
Planning is key. Set a timetable and make a list of the materials and tools you will need. Think about who will be involved in the inventory and distribute the tasks. Then organise your premises. Make sure that the place where you will carry out the inventory is well lit and clean. If necessary, remove obstacles to ensure a smooth process.
To add real value to your inventory, it is important to keep your inventory data up to date. This will ensure that the information is accurate and meaningful, and that you are always up to date.
The follow-up of the process can also be promising for your business. Reflect on your approach and develop a strategy to improve future inventory results. Share your results with colleagues.
There are many ways to take an inventory. The fact is that a successful inventory is efficient and reliable. Of course, you have the option of taking your inventory manually. But using technology makes the process much easier. There are many software solutions available to help you with your digital inventory. In the best cases, the supplier will offer you a mobile app as well as the software itself. This gives you the flexibility to manage your items anytime, anywhere.
Professional asset management software pays off
Take advantage of the following benefits!
The inventory process can be greatly simplified by using appropriate software. This will make the above steps less time consuming and less costly. You will find it easy to record your items and you will quickly realise that inventory can even be fun.
Digital inventory allows you to capture inventory data quickly and accurately through automated processes such as barcode or QR code scanning. This can save a lot of time and effort. Inventory software can also store data in a central location. This can be either in a database or in the cloud, making it easier to access and manage inventory data and reducing the need for paper documents. Inventory software users can access all information at any time, regardless of location.
The digital capture of inventory data also makes it easy to monitor all relevant information. Users can quickly see what items are available, who owns them and where they are located. This helps to inform inventory purchasing decisions and unlocks potential savings.
Inventory software also automates reporting and inventory management. Users can generate and analyse reports at the touch of a button, without the need for manual intervention. Automated data collection and reporting can speed up the inventory process and save time. This can mean more time for other tasks and more effective asset management.
A digital inventory not only makes your inventory management faster and more efficient, it also makes it more reliable. Human errors, such as losing notes or omitting items, are easily eliminated. Plus, digital systems can automatically check data for accuracy and completeness.
Check out our free inventory guide for exciting insights into digital inventory management. Expand your knowledge of digital inventory, suitable labels and scanners, and find out about successful customer projects using seventhings.
Choose the solution that works for you!
The quality and fit of the software is crucial – web-based applications often no longer meet the high demands. They are not scalable enough.
Increasing digitalisation means that more and more inventory and warehouse management processes are being digitised. Software applications are moving to the centre of business productivity. This not only increases the complexity of the processes, but also the demands on the responsible inventory managers. As a result, many IT managers are opting for warehouse management software because web-based industry solutions do not, or only partially, provide the required functionality.
When choosing the right software, the quality and fit of the software needs to be more in focus. More and more companies are realising that the use of tailor-made software, such as the inventory management software from seventhings, can significantly influence and promote the success of the company. In particular, the low acquisition costs associated with the introduction of the inventory manager play a decisive role.
More and more companies are using inventory software to gain greater visibility of their assets. Inventory data can be processed more efficiently with the software. Experience has shown that it is not worthwhile to organise inventory management on a paper-based basis. It is not only inflexible, but also prone to errors. With a simple list, keeping track of and organising the inventory becomes a time-consuming task in everyday work. This is exactly the problem we solve with our digital inventory management.
Added value from seventhings
With seventhings you now have an overview of all your company's assets. Speed up the asset accounting process and manage all your data in one central place.
seventhings offers you a complete package for your inventory management and is more than just an asset tracking software. In addition to the perfectly synchronised web version and mobile app, you also get the accessories you need for your inventory - the right labels and scanners. Eliminate the need for external suppliers and ensure an efficient process. You also benefit from an optimal platform for your inventory and receive intensive support from a competent team.
More than 400 companies already rely on seventhings. They manage their inventory efficiently, reliably and digitally. What are you waiting for?
