8 Advantages of inventory management
There are many reasons why companies in almost every industry should keep track of their possessions and values (assets). Simply put, an asset is anything that your company owns and uses on a regular basis - it is called an "asset" or an asset because it has value to the company. Assets can be various things, for example, a vehicle, a machine, a laptop, a medical device, a camera, and so on, as well as non-physical assets such as licenses or subscriptions. No matter what type of assets your company owns, the following eight benefits of inventory management will show you why it is important to implement systematic inventory management.