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The Benefits Of Government Inventory Management Software For State Contractors

January 23, 2018

Although it’s widely understood that retail locations and warehouses can greatly benefit from using inventory tracking software, statistics show that these businesses could be doing a better job at managing their stock. In fact, less than 30% of all warehouses are considered efficient. When it comes to government inventory, the rules about tracking and management…

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How Barcode Scanning Improves Government Inventory Tracking

January 18, 2018

For local, state, and federal government organizations, asset tracking solutions are a must. For example, government software systems allow for equipment to be managed in real time to ensure compliance. But tracking options don’t stop with computer software. Barcode scanners can allow you to track inventory out in the field or during transport and delivery…

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How To Stop Inventory Shrinkage From Impacting Your Organization: Part 2

December 28, 2017

As you may already know, inventory shrinkage is a problem across virtually every industry. Retailers often have to deal with the after-effects of stolen or misplaced inventory, but warehouses and government organizations will suffer the consequences when products or assets are lost or damaged as well. In our last post, we discussed some of the…

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How To Stop Inventory Shrinkage From Impacting Your Organization: Part 1

December 26, 2017

Inventory shrinkage is a constant threat in the retail sector, costing the U.S. retail industry over $45 billion every year. And considering that U.S. retailers are currently sitting on $1.43 in inventory for every $1 in sales they make, that translates to a significant issue. But it’s also a problem that impacts warehouses, government organizations,…

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What To Keep In Mind When Choosing Your Inventory Tracking Software

November 17, 2017

Although only 30% of the 600,000 warehouses located in the U.S. have a warehouse management system installed, this type of asset tracking and inventory tracking software is actually a necessity. If you are in the process of assessing your options for property inventory management software, you must remember that not all asset tracking systems are…

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Government Asset Management System: The Essentials

November 15, 2017

Did you know that around 7% of the U.S. Gross Domestic Product is tied up in inventory, accounts receivable, and accounts payable? This shocking quantity of capital amounts to $1.1 trillion in cash! When you consider how much a typical warehouse management system can decrease errors — up to 70% — as well as the…

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Why Small Business Owners Should Use an Inventory Tracking Software

October 16, 2017

If you own a small business, it’s crucial for you to know how the various departments of your company are performing at all times. You need to be aware of what marketing strategies are working and which aren’t, how your employees are doing at selling and retaining customers, and how you are doing with your…

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FAQs: Understanding Government Furnished Property And Equipment

October 6, 2017

Although less than 30% of warehouses are considered to be efficient, that low percentage is not acceptable for government contracts. Government contractors are subject to strict regulations when it comes to managing and tracking government-owned property. For these contractors, using comprehensive inventory tracking software is vital. But before you begin using a government inventory system,…

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3 Things Your DCMA Auditor Will Look For In Your Business

September 26, 2017

If you are working with the Department of Defense and thus involved with the Defense Contract Management Agency (DCMA), you have to be careful of making any form of inventory tracking error. Government inventory management contracts, especially those for the Department of Defense, require a level of professionalism that most other private contracts don't. For…

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How Asset Tracking Software Can Improve Local Government Agency Operations

September 14, 2017

Local government agencies have countless tools, equipment, files, and employees to keep track of. The success of these organization depends on the ability to know where these assets are at all times. But if you’re trying to track them with an outdated government inventory system, you’re going to struggle. That’s why government software solutions like…

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