65%. That's the average manual inventory accuracy.
Manual inventory, whether completed using spreadsheets, clipboards or checklists, is notoriously incorrect, typically not accounting for over 30% of assets. In addition, manual inventory does not usually catch errors like missing items and does not offer a consistent methodology to locate lost assets.
These miscalculations can cause a whole host of problems, from replenishment and shrinkage to theft and compliance.
Put Down Your Pencils
EnaSys high-value inventory control delivers a comprehensive solution that is intuitive to use and provides comprehensive results through extensive asset tracking capabilities. EnaSys allows users to not only frequently audit their assets in a fraction of the time of normal methodologies, but it provides a chain-of-custody report for each asset from inception to disposal. Integrating with an organization’s enterprise asset database, one can be fully aware of how the asset has moved within and between rooms, buildings and locations. Alerts can be employed to signal movement, whether unauthorized or permissible, to ensure compliance with company or regulatory compliance. EnaSys gives users control of their assets.
Tracking assets using manual processes or spreadsheets is a major problem; it commonly used but difficult to maintain and highly error-prone. Industry research indicates that an error rate of 10% is common with manual data entry from typing and transcription errors alone. Many managers have no formal processes in place to manage physical asset moves, adds, changes, and decommissioning. A comprehensive method of asset tracking is important, but relatively few mature tools currently exist − and those that do exist can lack detail or are compromised by poor integration with traditional management tools or existing asset frameworks.
EnaSys offers a complete and automated asset-tracking solution that incorporates proper methodologies in a reliable, integrated manner to capture all physical infrastructure assets from deployment to decommissioning. Our asset-tracking system provides complete tracking and typically delivers a payback of just over a year and is backed by a national support team to help you successfully deploy your program. Just as importantly, it accomplishes this in one-tenth of the time of traditional methods. This allows you to audit more frequently and reduce costs.
Know where 100% of your assets are 100% of the time. Contact us now.