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 are much more stringent. That’s why it’s key for even state and local outfits to use government inventory management software. For state contractors, this can make their jobs easier and ensure their work is more productive. Here are just a few benefits that government software for tracking and managing inventory can provide.
- Better cost management — Strict budgets require contractors to do more with less. Government inventory software allows local governments to keep costs to taxpayers low without compromising the quality of tracking. Fewer mistakes means lower costs overall. When you need to keep operational expenses in check, you literally cannot afford to misplace or lose your inventory, lest you want to incur a fine. You can reduce the risk of inventory loss while keeping operating costs low by using a software system for tracking.
- Improved training and security — In any industry, mistakes are costly. But in state and local government organizations, a simple inventory mistake could lead to more than increased costs; it could also compromise security. Having a comprehensive government inventory software system will allow for higher quality training across all sectors. This improved training will not only have a positive impact on employee and contractor experience, but it will also keep property more secure and ensure compliance.
- Upgraded accuracy and integration — Above all else, inventory tracking for government outlets needs to be accurate at all times. Supply chain visibility is an absolute must, especially when state contractors are involved. With more traditional means of tracking, you may not know where a piece of equipment is stored or who has it at any given moment. Given that government organizations are subject to rigorous regulations, poor inventory tracking is a risk you cannot afford to take. However, inventory tracking software increases accuracy by following inventory in real time. This takes the guess-work out of management, which is vital for government outlets. In addition, this software is easy to integrate into your existing operations due to its ease of use, which means less downtime and a better system overall.
For state contractors, working with property inventory software is the best way to ensure compliance. To find out more about using our software and how it can benefit your organization, contact us today.