A company invests in numerous assets over the course of its development and growth. Even the smallest one-person companies have purchases to keep track of, like computers, smartphones, and even company cars. Learning what asset management tools can do for your company in the early stages of its growth is a great way to ensure that you’re properly leveraging your investments over the years. The right software solution will be an easy-to-use and effective way of tracking how your employees are using crucial equipment. It also ensures that you can plan more accurately for impending maintenance requirements and additional purchases.

How Does Asset Management Software Work?

Asset management tools come in a range of shapes, sizes, and formats, intended to solve various common business problems. The key aim of one of these tools is to give you more information about the assets in your company. For instance, you could use a tool to track how often teams in your company use your conferencing equipment to book meetings with clients.

Alternatively, larger businesses might rely on things like real-time telematics tracking to ensure their vehicles and fleets are well-protected and utilized throughout the company. Many of these tools are designed with extra solutions to make them more appealing these days. For instance, you can find software that automatically creates visual reports on asset information which you can share with your stakeholders.

There are solutions that come with AI and machine learning tools to assist you in making informed decisions about the lifecycle of various resources in your company too. Some solutions come with automation elements so you can automatically assign service tickets to maintenance staff when a product needs to be repaired or automate the purchase of new resources and supplies when you run out. You can even run constant real-time analytics of your most valuable products so that you know straight away when something might be going wrong.

Why Should All Companies Invest in Asset Management?

Assets are tools owned by your business which help you to accomplish important tasks and achieve your goals. You purchase these tools for a reason, and asset management solutions can ensure that you’re getting the most value out of every purchase. With the right software solution, you can track all of your essential items in one centralized hub, making it less likely that you’ll lose track of expensive business resources.

Within that environment, you can identify potential risks to assets and the people using them and look for ways to reduce those risks and prolong the asset’s lifecycle. You can also use your monitoring system to effectively plan maintenance schedules, updates, and purchasing strategies that won’t disrupt your company’s performance. The right technology will give you an insight into how long each purchase will last in your company, and how you can get the best outcomes from your investment, before you need to remove or replace it. You might even find ways to improve the efficiency and performance of your team, by changing the way they access assets in your repertoire.

Going green is a buzzword that is already circulating in the business sector. It’s a socially conscious initiative that many companies have already implemented in many ways. It’s not uncommon, however, for some businesses to struggle in finding the right strategy that fits their needs and values. But if you’re looking at one of the simplest ways to make your business “green”, you don’t need to look further than waste reduction.

Reducing office supplies and paper waste

Stationery supplies and other types of paper and office supplies are essential in every business. The most radical way to reduce waste is to go paperless, which is nearly impossible. So how can you reduce paper use? Here are the best actionable suggestions.

• Encourage employees to practice editing before printing documents. This will help eliminate draft copies. But in case of important paperwork where drafting is required, you can collect used paper and print on the blank side. This will maximise use before the paper gets discarded.
• Make digital storage a standard office practice. Since most companies today make use of cloud programs and apps, there’s no need to worry about storage space.
• When it comes to reports, you may use emails and spreadsheets instead. Print reports only when they need to be signed.
• You can recycle envelopes by putting a label on top of the old ones.
• Do what is necessary to remove the company’s address from unnecessary mailing lists. This will reduce the need to dispose of promotional mail.
• Make recycling part of the company’s “green” culture. There are companies that specialise in picking up shredded paper for recycling.
• For announcements, make use of an online bulletin instead of posting printed copies throughout company premises.

How to reduce non-paper office supply waste

A majority of office supply waste is composed of paper products. But, some residuals also come from other supplies such as gadgets, furniture, and other peripherals. You can address the waste problem by reducing solid waste.

• Consider buying supplies without packaging. This may be a challenge because of delivery safety, but buying from a local supplier helps. Instead of paying for shipping, your company can pick-up the items to reduce or avoid packaging waste.
• If you can’t avoid packaging, you may want to ask the supplier to use a returnable container.
• In case of equipment your company uses occasionally, you may want to consider renting instead of buying. This will not only reduce costs and waste but also help eliminate the need to allot storage space.
• When buying equipment such as computers and furniture, always buy quality ones. The longer the equipment lasts, the less you have to worry about waste and replacement.

Waste reduction can also become part of employee and company culture in different ways. For example, you can stop supplying disposable pantry cups and utensils. This will encourage employees to bring reusable cups and silverware. Lastly, practice recycling plastic bottles and metal cans. Make it a point to have designated bins for these recyclables, making them easier to bring to the recycling centre.

Since the first online store, consumers have increased their spending on shopping simply because of the convenience that only shopping brings. One thing that many businesses suffer from is that visitors don’t stay for very long on their sites. This initiates them to take some steps that can help them to cut through the noise in the crowded ecommerce world and establish meaningful interaction with their customers. The good thing is that there are a lot of social media platforms such as Socital app that can help merchants capture leads, convert anonymous visitors into customers and increase their sales. The main philosophy behind this is that it pulls the customers’ data from their social media profiles and use them for targeting. This is a very successful strategy for the owners of e-commerce business.

There are quite a few other things you can do in order to keep visitors browsing, and if you are needing some help doing that, here are a few tips on how to keep visitors on your online store.

Use exit popups

A simple way to keep visitors on your site is to use exit popups, which are non-intrusive and can retain the attention of visitors for a while longer. Unfortunately, it doesn’t matter how much time you spend on marketing and making a site look great if the visitors don’t stay.

Exit intent popups will detect when a visitor is about to leave, and prompt the visitor to stay using a few different techniques. You could use a chatbot that asks if the visitor requires assistant, ask if they would like to talk to an agent, or show them a promotion that might get them to subscribe. The best popups are those that show up when a visitor presses the back button, as these help to reduce shopping cart abandonment.

Make it easy to read

It goes without saying that in todays fast paced world, and with the speed of technology, that visitors don’t want to spend hours on your site to find something they are looking for. This is why it is incredibly important to make sure the site is easy to read, the tabs are easy to find, promotions and sale items are upfront, and more.

Visitors will only spend around 6 seconds looking at the subheadings and paragraphs that they see before leaving, which is why you need to consider a few things, such as:

• The spacing of subheadings
• The size of the fonts
• The length of paragraphs
• Visible videos and pictures

If there is too much going on, the site is hard to scan quickly, and if there is too little information available, visitors wont know what the site is all about.

Make it compatible for mobile devices

One thing that is incredibly important to remember is that almost everyone has a mobile device, specifically 3 billion people, which means that it is of the utmost importance that your site is compatible for mobile devices.

Most people will browse sites when at work, or when bored, and most don’t use their laptops or computers to do this. This means that if your site isn’t mobile compatible, and visitors aren’t able to view the entire website with convenience, they will leave as soon as they realize this. This translates to a lot of potential customers being lost; it also means if you have mobile support, you will see an increase in sales.

Be helpful

One of the greatest things to happen is when a visitor actually subscribes to your site, since this means that they are now a potential customer. Business often don’t follow this up, and as a result, the new subscriber leaves the site and will only visit it again when they need something.

What you could do, to be proactive, and keep the new subscriber on the site for a while longer, and even potentially make a sale, is to provide that opportunity at the thank you page. You could provide a few links to your blog, or even product suggestions if they have been browsing and your site is able to provide suggestions after tracking the pages visitors have viewed. Don’t miss the opportunity to keep the visitor scrolling.

Make sure the page loads quickly

Something that many site owners don’t consider is the speed of their site. On average, a visitor will leave after 3 seconds if the page hasn’t loaded yet, which results not only in a lack of traffic, but a lack of sales.

You should try to visit your own site using different devices to see how long it takes, and then take steps to make it load quicker. Some of these steps include:

• Compressing images to make the size of data being loaded smaller
• Use a smaller font size
• Use multiple servers