Inventories and Asset Tracking

Inventories refer to the goods and materials a business has on hand, while asset tracking is the process of monitoring valuable items, like equipment and inventory, to ensure accurate accounting and management. Together, they help businesses keep track of what they own and need, optimizing operations and preventing loss or excess. Effective inventory and asset tracking improve efficiency, reduce costs, and enhance decision-making by providing clear visibility of resources. This is crucial for businesses to serve customers well and maintain profitability.