Reclassify Inventory Items into Fixed Assets
The best inventory management system must be able to convert inventory levels into assets when needed. With the Stock to Asset feature, we are able to supply that function to small businesses and large supply chains. When using two different systems (Inventory and Asset), you may need to reclassify them.
Easy Transitioning From Items to Assets
The ideal asset management solution needs to be able to convert Inventory Stock Items to fixed or capital Assets. Our Stock to Asset feature makes it easy on the system users by ending this laborious and tedious task.
Unified Tracking for Financial Planning
The data provided in relabel inventory is invaluable for enterprise resource planning (erp) software as well. Our software solution is able to track assets and stock levels at the same time. This means it is able to gain data from both processes without needing two systems.
The Power of Two Systems in One
It results in money saved by not needing two separate systems. It also keeps data on your inventory and assets secure and unified. It combines the utility of asset tracking software and inventory management software.
Benefits of the Stock to Asset Feature
The Stock to Asset feature makes it easy to take serialized stock inventory and reclassify them as assets. When used, it automatically carries over identification information such as serial number and cost with them. It simplifies the management of inventory that is originally received in the warehouse or created via assembly as individual items.
When our Asset Tracking Takes Over
Once the item is issued out, it will be individually tracked throughout its useful life from within our asset management software. Our system will continue to track it when it changes site or location for maximum inventory control. This allows our asset tracking solution to keep your assets secure in real-time.
Make Good Use of Excess Inventory
Our inventory system will notify you when surplus amounts of inventory are ready to be assembled into finished assets. Once reclassified as assets, our asset tracking system takes over and continues to keep them monitored and protected. The data accrued can also be published into reports for accounting purposes. This is excellent for helping executives maintain their economic order quantities (eoq) and avoid overstocking.
See how Our Inventory Management System can work for you!
Schedule a demo to see how our System can transform your organization.
