Within any organization, furniture inventory asset management represents a large investment and must be managed with efficiency. The typical corporate environment outfitted with office furnishings like chairs, desks, filing cabinets, credenzas and conference tables and equipped with a facilities management team. Factories, hotels, hospitals, medical offices, government offices, schools, and universities also spend countless dollars to furnish their premises.
Every year, these institutions lose thousands to millions of dollars per establishment simply because they are not accurately tracking and measuring their assets, such as supplies, computers, and high-value lab equipment.
Well-run organizations have a pool of equipment that can be used by multiple departments or divisions. Further, they want to leverage high-value capital equipment across organizations, even though they might reside in a specific area. Equipment managers, with their myriad of responsibilities, face challenges tracking the lending out of equipment.
Some organizations store their excess furniture inventory in spare offices or conference rooms, which isn’t a terribly efficient or professional way to utilize office space. While facilities managers might fear losing track of items placed in a storage facility or warehouse, a furniture inventory asset management system assigns a unique barcode to each piece of furniture. At any time of day, facilities managers have access to all of the information they need about the whereabouts and condition of these items.
