New Cycle Counts Tool in Asset Management

Posted by Hannah - 30 July, 2019

If your work requires maintaining an inventory, you might sometimes feel like you're walking a tightrope. Not having enough inventory means you run the risk of not having the correct resources, while having too much inventory is costly in more ways than one. That's why having an efficient inventory control system is so important.

Most agencies manage large inventories of infrastructure, equipment, fleets of vehicles, parts for repairs, and tools for completing work orders. Proper accountability for all of this inventory can be a daunting task. MyGov has created the Cycle Counts feature to help you create a system of accountability for the assets in your agency.

The Cycle Count tool allows the user to select a segment of their inventory within the Asset Management module to physically count items on a specified schedule. For example, quarterly you might need to count all vehicle replacement filters. The parts room contains air filters, fuel filters, cabin air filters and water separators. For your air filters alone you may have at least 40 types. The Cycle Count tool allows you to:

  • Create Unique Templates
  • Specify Specific Asset Types
  • Set Due Dates
  • Set Recurrence of Count
  • Define Responsible Person
  • Adjust Inventory
  • Archive Reconciliation Data

Using the MyGov Cycle Count Tool will:

  • Create Accountability
  • Increase Overall Efficiency
  • Confirm Location of Assets
  • Control Inventory Costs
  • Lower Risk of Stockout
  • Avoid Costly Overstock

Here at MyGov we believe that agencies deserve Asset Management software that can make their work easier. With the Cycle Counts tool you can rest assured you will keep a detailed and accurate count of all the assets in your agency. If you would like to learn more about the Cycle Counts tool or how your agency can implement an Asset Management software, our MyGov Sales Team would enjoy the opportunity to discuss the specifics of your needs in a free consultation.

Topics: Module: Asset Management, New: Features

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