School management software makes managing assets a breeze
What is inventory management?
Generally speaking, inventory management or asset management is the management of inventory or stock. In educational institutions like schools and colleges, these would be assets like stationary, moveable infrastructure like chair, tables, desks, blackboards, teaching aids like overhead projectors, televisions, video players, DVDs, library assets like books and magazines, etc.
Inventory management in schools, thus, is the management of these tools and resources to ensure that they are being cared for properly, utilised in the ideal fashion, and the returns on the expenditure and labour on them are high. Inventory management thus affects multiple concerns a school would have – from ensuring their investment has good returns but also ensuring that all their stakeholders benefit from everything the school or college has to offer.
Why do we need inventory management?
We talk often about how schools need to be supported by a robust infrastructure and a wealth of resources – inventory management actually takes care of the execution of these ideals. Thanks to inventory management we are able to fully and effectively use all the resources we have at our disposal in our classrooms, and on a greater scale, in our educational institutions like schools and colleges.
It would be a huge waste of financial resources and procurement efforts to be lackadaisical about inventory management in our already underfunded and under-resourced schools and colleges. A carefully planned and consistent approach to the management of these resources would ensure that we gain the maximum use from them while also ensuring their longevity. Inventory management ensures we get the best returns on our expenditures on much-needed assets, tools, resources, and infrastructure in our schools and colleges.
How can school management software help with inventory management?
School management software was built to really streamline the process driven aspects of running a school or a college. Inventory management, which is a highly process driven function, would then be right in its wheelhouse. School management software is helpful to this process in many ways if the right one is chosen. With a school management software like Fedena, for example, schools and colleges are at the very incept able to better organise their inventory. School management system insists for the creation of a store that defines the kind of inventory being added to the school management software.
For instance, if you choose stationery, all stationery related items are to be added into the store. Imagine this for all the inventory a school would possess – from cleaning supplies to teaching aids, to electronic items. It forces educational institutions like schools and colleges to get organised as a first step, which is where half the battle lies. After that, school management software insists on a defined process for the procurement of new inventory, the requisition of assets, tracks where all items are at any given time, and prevents theft and loss of inventory due to oversight. The marriage between inventory management and school management software is thus perfect.
What are the benefits of using school management software to manage inventory?
We have briefly described the process of using school management software to manage your inventory above. It is clear that process-driven inventory management and the use of school management software are a great fit. Below we explain in further detail how school management software benefits schools and colleges who want to better their inventory management process and see better outcomes:
Better organisation of school property
The first highly visible benefit of using school management software to manage school tools, resources, infrastructure – just all of an educational institution’s assets – are that you will immediately see this entire process becoming more organised. When educational institutions use school management software they are forced to first make an accounting of all the assets they possess and register them within the software. This means there is one place they can turn to to get a comprehensive and detailed reckoning of all their assets.
Superlative tracking of assets
Since all requests for use, requisition, procurement and disbursal of assets go through a school management software all school property is closely tracked. Those with the authority to check items out have to do so using the school management software. This cuts down on one-time borrowing or informal exchanges – which is invariably how schools lose track of their assets. This also means that there is a drastic reduction in the loss or theft of expensive school property. It is apparent within one glance where any given item, tool, resource, or asset is with the school management software since it cannot be signed out by an unauthorised person. The person responsible for an asset is obvious and school management software features like account and access history help make this tracking easier.
Anytime and anywhere accessibility
No more standing in queues or filling out forms in triplicate for administrators managing inventory or the students and teachers trying to access them. The process of inventory management is far quicker and simpler than ever for all stakeholders – all thanks to the use of school management software. Students and teachers seeking to check out an item can only do so through the school management software. They can only do this if they are authorised to do so, which rules out an unauthorised misuse of school inventory. After this, they have to place a request through the school management software to procure the item in question. Unlike before when this would have to be done with the inventory manager in person, after following a laborious and time-consuming process, teachers and students can log in any time into their school management software and raise an indent or a request for a certain item that they need. This does not need to be done within school hours but at any time or place of their convenience. This anywhere and anytime accessibility thanks to school management software means that school inventory is actually helping the very people it was meant to help while also being used appropriately – a win-win for all stakeholders!