Inventory Audit Use Case
Internal policies and regulatory compliance such as SOX require that a corporation be able to actively identify and locate fixed assets declared on their books. A typical enterprise has thousands of assets such as vehicles, tools, media equipment, laptops, servers, networking gear, furniture, and laboratory test equipments which are distributed across various locations. Enterprises lack true visibility because the asset information is typically maintained in disparate systems such as financial applications (ERP), asset management software and maintenance/calibration software. Often, there is no correlation between the financial systems and the
actual inventory management system.
Leveraging Sensify’s solutions to automate common business processes relating to critical assets has many benefits. Improving visibility and tightening security can be achieved by automating the following key functions.
Inventory Audit
Management is required to maintain a complete accounting of all equipment. Inventory audits are done at least annually and at great cost and effort. Sensify has delivered significant benefits that include:
- Conducting Inventory audits across multiple facilities with little or no infrastructure investment
- Accurately cycle count inventory in days, not weeks or months
- Instantly retrieving automated reports for management and compliance
With tagged assets, customers are achieving 100% accuracy while eliminating 90% of audit costs, enabling instant reconciliation and reduced asset shrinkage.
Asset Tracking
The ability to track each asset or media from the moment it is registered with the system of record is essential. Benefits include:
- Tracking assets and media in realtime as they are moved in an out of a specific location
- Reservation functionality to schedule specific assets for use or maintenance
- Instant alerts upon unauthorized movement of assets
Leveraging Sensify’s solutions to automate common business processes relating to critical assets has come of age and is delivering compelling results.
Asset Security
With the growing incidence of identity the, companies are becoming increasingly concerned over the security of the information that is maintained in their data centers. Sensify delivers benefits which include:
- Detecting the removal of tagged devices from specific locations
- Insuring only authorized personnel have access to secure areas
- Providing alerts and alarms for any violation of security rules
Through the use of Sensify, security can be greatly enhanced through the location and tracking of assets and personnel as well as the physical monitoring of a facility.
Inventory auditing, asset tracking, and asset security provide the necessary controls to ensure accuracy and accountability of critical assets. These controls allow enterprises to reduce cost and risk while improving productivity, efficiency, and service levels. Sensify’s solution deployments drive operational and logistical efficiency, minimizing repetitive manual labor and delivering more accurate
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