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Equipment vs. Inventory and Resources: What's the Difference?

Most organizations that use a CMMS such as FMX tend to closely track Equipment, as well as Inventory and Resources when running their day to day operations. However, many people still find it a bit challenging to decipher between the three. 

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Equipment

When it comes to Equipment, or as some might call, Assets, these are items that an organization would like to track carefully. They are items that help an organization carry out daily tasks, such maintaining their facilities, as well produce income for an organization. Equipment items can consist of water heaters, air conditioning units, refrigerators, tractors, vehicles, and many more. 

Inventory

Inventory, on the other hand, includes items that are used once or last only a short amount of time, and are also referred to as consumables. These items do not need to be tracked closely, but knowing the quantity on hand is valuable to an organization so that they can be reordered when necessary. Examples of inventory items include office supplies such as paper, pens, and markers, perishables of any kind, and items that are used only once, such as bandages or disposable air filters. Not all organizations need to track consumables; however, the inventory tracking option through FMX is there if you should need it! Reach out to your Customer Success Manager to learn more!

Resources

Often confused with equipment, Resources differ in that they are typically items or locations inside or outside of a building within an organization that can be scheduled, as well as serve as a housing unit for particular equipment items. For example, a resource can be the conference room on the first floor (also a resource) of a building within an organization. This conference room is a resource and a location that can be scheduled for meetings, and the chairs within this room are also resources (however, not a location) that can also be scheduled within the organization. Other examples of resources are building floors, tables, storage rooms, operating rooms, offices, classrooms, laptop carts, projectors, courtyards, gymnasiums, etc. Clarifying different resources within an organization helps to provide more details of schedule requests, maintenance requests and locations, transportation pick up locations, as well as equipment item locations. 

 

Still a bit unsure? No problem! Contact our Support Team at support@gofmx.com and we would be happy to assist you! 

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