In general, the federal government — and specifically, the Army — makes security a top priority. Contractors who intend on working with government agencies or military operations in some way will soon realize that strict standards and regulations must be followed to the letter. The U.S. Army has standardized a process to ensure that bidders…
Warehouses are becoming more important to the American economy by the minute. This is reflected by the number of warehouses in the United States, which has risen by 6.8% in the last five years. This could be due to the increasing dominance of large online stores. As more products and information move online, bigger warehouses…
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…
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…
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…
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…
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…
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,…
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…
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…