What best practice should a Technology Manager use when managing AV stock and inventory?

The choice that emphasizes keeping track of equipment and supplies on hand, what is on order, and what is on site is crucial for effective inventory management in the AV industry. This practice enables a Technology Manager to maintain an accurate account of all resources, ensuring that there is sufficient equipment available for projects while avoiding overstock situations that can lead to unnecessary expenses.

By having a comprehensive view of the inventory—knowing not just what is currently available but also what is in transit and what is booked or on hold—a manager can make informed decisions about future orders and resource allocation. This proactive approach helps in budgeting, planning for maintenance or repairs, and ultimately facilitates smoother operations for AV projects, as it minimizes downtime due to unavailability of equipment.

Adopting this practice fosters better accountability and organized inventory management because it allows for regular audits and helps in identifying discrepancies or losses. It becomes easier to forecast needs based on upcoming projects, ensuring that stock levels are aligned with anticipated demand.