Category: Fixed asset management

Asset tracking software can help eliminate theft in the retail sector

According to the Miami Herald, in late March, 23 people had criminal charges filed against them in connection with a South Florida retail theft ring. Millions of dollars in inventory was stolen from area grocery stores and pharmacies. The newspaper reports that retail theft in Florida costs businesses $1.7 billion each year. Retail is among the many business sectors that benefit greatly from the use of asset accounting software. According to The National Association for Shoplifting Prevention, close to 27 million people in the United States shoplift, and in the last five years, more than 10 million related arrests have been made….

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Asset tracking software can help eliminate theft in the retail sector

According to the Miami Herald, in late March, 23 people had criminal charges filed against them in connection with a South Florida retail theft ring. Millions of dollars in inventory was stolen from area grocery stores and pharmacies. The newspaper reports that retail theft in Florida costs businesses $1.7 billion each year. Retail is among the many business sectors that benefit greatly from the use of asset accounting software. According to The National Association for Shoplifting Prevention, close to 27 million people in the United States shoplift, and in the last five years, more than 10 million related arrests have been made….

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Military purchases new equipment to handle jet fuel spill threatening Albuquerque water supply

Every company controls a certain assortment of fixed assets, such as copiers and desk chairs, but for most, some are going to be more vital to operations. Take the Kirtland Airforce base, for instance. For more than a decade, it has been the priority of local military engineers to handle an aviation fuel spill that was pooling for nearly half a century before its discovery.  The base's well and pumping equipment help to keep not only Kirtland's immediate residents safe, but also prevent the spill from migrating to the water supply of New Mexico's most prominent city, Albuquerque. The Kirtland…

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Theft of rare sneakers highlight value of inventory management systems

When it comes to selling sneakers and athletic apparel, no company does more business than Nike. According to Statista, in 2013, Nike generated $14.54 billion in revenue, nearly $5 billion more than Adidas, the second largest sneaker company which raked in $9.46 billion. It's safe to say the sneaker industry is healthy and thriving. However, a recent story by The Oregonian highlighted  the need for Nike to potentially make an investment into asset and inventory tracking software. At issue is the theft of hundreds of thousands of dollars of sneakers, stolen from a warehouse outside the company's headquarters in Beaverton, Ore. The items…

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Construction sites highlight the value of asset management software

Many companies don't have a complete understanding of the value of asset and inventory tracking software. Despite how far technology has come and how much it has streamlined processes at organizations nationwide, some businesses still use dated methods to keep track of fixed assets. To truly understand the value of asset accounting software, look no further than a construction site for evidence of its effectiveness. Whether residential or commercial, construction sites contain a lot of valuable equipment, much of which is left unguarded after crews have completed their shifts. Left unattended, this presents a prime opportunity for equipment theft and…

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