Blog / News

Asset Tracking Vs. Inventory Tracking: Differences Explained

April 9, 2018
asset tracking system

Businesses, non-profit organizations, and government agencies need a way to accurately keep track of products and equipment in their possession. Otherwise, these items can easily be misplaced, stolen, or damaged without their immediate knowledge, resulting in numerous kinds of financial loss. These entities often find that employing asset or inventory tracking software provides them with…

Read More

What Types of Audits Does DCAA Perform?

April 6, 2018
audit automation software

It’s common for contractors to enter into agreements with local, state, and federal government agencies to provide these agencies with goods or services. When this occurs, the contractors in question must comply with government acquisition regulations (the specifics of which are based on the type of contract used in specific situations). The Defense Contract Audit…

Read More

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…

Read More

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…

Read More

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…

Read More

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,…

Read More

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…

Read More

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…

Read More

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…

Read More

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,…

Read More