Equipment inventory management

Equipment Inventory Management

Equipment inventory management is the key to success if you want to manage your equipment inventory in an efficient way. It is hard to figure out what equipment you have and how much it's used if you're not actively keeping track of it. You'll need a strategy. That's where we introduce equipment inventory management.

What is equipment inventory management?

Equipment inventory management is the practice of tracking your inventory in detail. It's about knowing which equipment is in your inventory, how many times every equipment piece is used, how much it was worth when it was purchased, how much the equipment has deprecated, who last used the equipment, and more.

In essence, equipment inventory management is keeping tight control over every piece of equipment you have. It allows you to make informed decisions about when to replace equipment, when to plan equipment maintenance, and review equipment usage reports.

Best practices for managing your equipment inventory

Having all your information in one place saves you time that otherwise is lost to tracking down equipment. When you're deciding on new equipment purchases, it's easier to make decisions when you have a global view of your inventory. Therefore, it is useful to start an accurate equipment inventory list.

What are the advantages of using equipment inventory software?

When starting out with an equipment inventory list, you'll go a long way. Eventually, when the company grows, this strategy will see its limits sooner or later. A digital system that can be accessed and updated by everyone on the go, will result in much more accuracy. Discover what Cheqroom has to offer.

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No more blind spots

Take full control of your inventory and get the right tools in the right hands. Quickly check all gear in a kit, in a booking, project, or in the equipment room on the spot. Scan labels with the phone app to see their info, or check them out on the go.

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Get equipment usage insights

See how equipment is used, when, where, and by whom. Plan ahead by keeping track of the busiest times and pending repairs. Boost accountability and incentivize on-time equipment returns.

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Stay ahead

Take it one (or two) steps further with advanced reports on warranty, depreciation, real-time equipment value, etc. Optimize performance and empower your team to generate more value.

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Feel in control of your equipment inventory

Try Cheqroom for free for 7 days. Or skip the line and book a demo today.