Managing inventory is a critical steppingstone to help companies ensure they have just enough inventory on hand and in the right locations, to meet demands. As a business, you have multiple kinds of inventory in multiple locations to keep track of, and properly administrating the stockpile logistics can save time and money. Depending on the industry there will always be complex inventory needs, from storing items fast and efficiently to improved space utilization, companies must continuously reevaluate to enhance their operations.
Poor logistics and the inability to complete inventory processes quickly can cause short-term and long-term problems that can be costly. Mobile technology such as handheld devices, smartphones, and RFID/Barcode scanners, provides employees reduce the occurrence of waste through perishability or obsolescence by shipping older stock items first and improve the accuracy of your stock control.
Taking advantage of your warehouse space requires strategic management of your inventory. After analyzing and consolidating your warehouse space, mobile can assist your inventory business processes, i.e., physical inventory or cycle counts down to the row, bin, and rack.
Mobile gives you the ability to manage inventory in multiple locations. With features like lot and serial controls, you can easily improve inventory tracking and have visibility across every physical location. By mismanaging either of these key areas, you can end up with issues like inadequate storage space, and improperly sorted and stored materials.
The needs and demands of customers are constantly changing and now they are looking to distributors to be more flexible with their orders. Your company has the responsibility of learning and understanding your customer’s needs and assuring their demands and expectations are met. Mobile devices allow for those changes made at the customer level to appear digitally on the inventory floor. This enables employees to quickly update information.
The accuracy of inventory levels has a huge impact on a supply chain. Companies with full visibility and traceability at all times have an advantage over their competitors. As they can quickly and accurately understand what is in stock, what’s being ordered, and what items need to be replenished.
Even with the availability of technology, many companies still have outdated inventory operations with manual processes. Upgrading your operating procedures by implementing mobile technology, processes like cycle counts can be easily performed to keep an accurate item count.
Nearly every company, in any industry, can benefit from integrating mobility into their daily operations. Being well-connected and having visibility into all your assets, people, and processes is critical to having an efficient and compliant supply chain. From procuring, storing, using, and replenishing the materials and supplies, to the intricacies that make up every company’s inventory operations, a mobile device gives a simple path to success.
The bottom line is mobile technology allows you to have fewer errors in your shop floors and storerooms that translate into immediate cost-savings for your organization.