5 Ways Inventory Software Can Help Your Business

Modern asset management systems have come a long way from simple spreadsheets and databases. Inventory software can partner with business owners to become an essential tool that moves beyond passively monitoring stock levels to take an active role in the continued maintenance of the company. Some of the more sophisticated asset management systems pair inventory software with radio frequency identification (RFID) tags, allowing them to cope with a variety of situations. Here are 5 ways that inventory software can assist businesses:

Perishable Goods

RFID tags can record variables like temperature and humidity that affect perishable items. This means that RFID tags can do things like signal when food is no longer useable because it has not been stored properly. Better yet, inventory software that can interact with the RFID tags can alert business owners before conditions become critical, so that they can take action to preserve their stock before it is too late.

Depleting Assets

RFID tags can also send signals in response to certain trigger events. An RFID tag that monitors an object's weight can be used for storage containers to signal when they are almost empty. They can also communicate with the inventory software to signal when it is time to refill the containers and even fill out an invoice if the replacement has to be ordered from an outside vendor.

Mobile Objects

Inventory software can work with RFID tags to locate inventory that frequently moves to new locations. This means less time lost hunting for crucial hardware. With inventory that moves independently, like livestock, the inventory software can work with RFID tags to issue an alert when assets are in danger of "walking off."

Restricted Access

Companies that deal in valuable items need to be sure that their assets are secure. Inventory software that monitors employee access can tell who last worked with an item, who is authorized to access materials, and when stock is in danger of being stolen.

Maintenance Schedules

Manufacturers usually set maintenance schedules based on the passage of time. However, equipment that is only used irregularly may not need as much upkeep. RFID tags that monitor the status of the equipment they are attached to can help the inventory software set a maintenance schedule that is actually based on usage.

Modern computer systems can run smarter, more advanced inventory software that helps businesses in all industries increase their efficiency. And increased efficiency means increased profits.



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