Every company sits in a warehouse full of business systems with disparate and disconnected data. This comes from their operations to their customer activity. Data comes from field data collection, warehouses and 3PL systems, BSS and OSS systems, and legacy systems. It comes from everywhere… in massive, massive quantities.
Asset tracking lets you collect inventory data from defined physical units and any scanned or connected devices. This asset data includes model numbers, serial numbers, value, warranty information, and other data points. This information collects online or offline and (ideally) sent to verify, reconcile, and update all connected back-office systems. To be more precise, these systems are the lifeblood of so many departments – almost all of them. Finance, Procurement, Engineering, Operations, Supply Chain, and more want a clear understanding of the asset universe to lower capital expenditures without increasing operational costs.
This approach means having visibility, insight, and control of your assets (infrastructure, tools, equipment, gear, software, etc.) from end to end. This requires you to know exactly what’s deployed, active, dormant, hoarded, stolen, lost, misappropriated, overstocked, or understocked. Relying solely on purchase invoices to provide a full accounting of your network assets is similar to being nearly blind. That only shows a partial view from a specific time but doesn’t even begin to show the whole picture.
After data harvesting, the key is to have a central reconciliation process that takes (and verifies) inputs from any possible source for complete visibility. Then the central asset database of record can push out the best possible data to those same connected systems so that you can maintain accurate records at every location. This process improves every aspect of your asset records at every possible reference point, improving companywide CAPEX, OPEX, and business efficiencies.
Successful Business Systems
Successful businesses can centralize, reconcile, and verify the raw volumes of data. They turn bits and bytes into actionable intelligence. For EVERYONE. To have accurate visibility, insight, and control of your assets, you need Sitehound in the center of your connected systems. This improves the accuracy of the data using data reconciliation as well as data collection. This ensures the integrity of asset information, reduces physical audits, and serves as the record database for all assets. Possibly most important – it feeds all company business systems, which integrate using APIs.
Types of Business Systems
Business Systems are technology-driven processes working together to provide value propositions against critical business needs on a broader scale. In other terms, a collection of connected business/technology processes. They connect workflows, data, intel, actionable insight, and workers – based on specific functions. Business Systems are frequently identified by their department names, such as Procurement or Finance. Many types are data-fed by Sitehound. Here are some examples:
- Enterprise Management
- Warehouse Management
- Business Intelligence
- Financial Management
- Operations Management
- Facilities Management
- Inventory Management
- Equipment Management
- Information Management
- Supplier / Vendor Management
With Sitehound, all of them can be fed. With the purest data they have ever seen. For more information, please visit https://sitehoundapp.com.
Find more about business integration software.