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The management of material resources within educational institutions should not be a heavy task that encroaches on ongoing projects and requires time. However, this is a reality that is found in high schools, universities and specialized schools when it comes to loaner management and inventory tracking for audiovisual equipment, for instance.

Several IT inventory methods are available to businesses to effectively manage their assets. Among the latter, there is the automatic network scanner feature made by some inventory asset management software. But is it a good strategy?

Within a company, resource management is an important part to consider in order to minimize the loss of money and time invested. This begins with an effective inventory management. Indeed, regardless of whether it is a small start-up or a large global organization, the lack of a rigorous hardware tracking system is unacceptable in the competitive environment we live in today.

The important task of managing equipment within organizations is not always optimal. Most companies distribute their inventory internally without systematically updating status, then the material is redistributed among employees as requested, and so on. The resulting problem is therefore a very poor overview of the company’s assets movements, leading to loss of time and equipment, theft, errors in data accuracy and more !

To manage and delegate complex tasks such as inventory management isn’t easy, even less with a poorly adapted tool, preventing it from happening. Within the list of several inventory management systems, Excel often appears to be the solution chosen by companies, but is it a wise choice