Distributors know that to earn business and close on opportunities means having a comparative or competitive advantage that handily beats the competition. To accomplish this requires the ability to maximize volumes and purchasing power across the their entire product offering. Large-scale distributors also understand the importance of having timely information. As such, they often use software solutions that allow them to manage inventory more accurately. However, does this necessarily mean that the cost to run enterprise mobility software is out of reach for smaller distributors? Absolutely not! Today, enterprise mobility solutions are incredibly affordable. Most importantly, they offer smaller distributors an opportunity to better manage their inventory, reduce their overall cost structure and empower warehouse personnel with rugged handheld computers. A lower cost structure means a more competitive product offering and that increases the ability of a distributor to close sales. So, what does upgrading to enterprise mobility software mean for your position as a distributor?
Archive for January 2012
Have you tried in vain to convince yourself that your manual inventory management practices are working and are actually helping you to increase your inventory turnover rates? Have you relied too heavily on excel spreadsheets and tables to manage the complexities of your supply chain? Most importantly, how often have these processes let you down and left you with inaccurate inventory counts? Few companies ever take the time to answer these questions, let alone even ask them. Instead of relying upon enterprise mobility hardware to better manage their warehouse, they instead rely upon antiquated and outdated processes, ones that can not possibly keep pace with the speed of their business. Stronger warehouse management starts by doing away with these outdated processes and instead relying upon real-time tracking through mobility management solutions. If your enterprise wants to increase its inventory turnover rates, then it must finally put an end to using manual processes. Those processes may have worked when you first started, but they can not be a part of any long-term supply chain solution. So, how can the right enterprise software help your company better manage its warehouse and increase your turnover rates?
Interested in knowing how upgrading your manual processes to enterprise mobility hardware can help reduce inventory carrying costs for your company? Perhaps you are unaware of what these expenditures entail and how detrimental they are to your bottom line. Do you know that your inventory costs are likely driven by two main factors? One is your costs to purchase and hold inventory, while the other is your cost of losing revenue when inventory is not in your warehouse. Most enterprises assume that their carrying costs only pertain to the time it takes to purchase, hold and sell their inventory. The time it takes to complete these steps means companies must invest large amounts of capital in inventory without immediate returns. Equally impactful are the high costs associated with losing market share and sales, simply because your company does not have the right amount of inventory to fulfill customer orders. That comes from inaccurate inventory counts and tracking, which is often the result of companies that are slow to adopt best business practices with respect to how they manage their inventory. However, upgrading your warehouse management practices with enterprise mobility solutions can reduce the impact of these costs across the board. What can you expect from upgrading your inventory processes?
How can upgrading to an inventory management software platform reduce the costs associated with inventory audits? In order to answer this question, think of how time-consuming, redundant and repetitive the dreaded inventory audit can be. Think of how much it costs to perform these audits and the frustration you encounter when uncovering inaccurate inventory levels and counts. At the end of every quarter, and every fiscal year, employees manually count inventory in order to reconcile actual inventory against what is reported on the “books”. Some companies force their employees to give up their weekends, while the vast majority must cover overtime to perform what most agree is a mundane task. It is both time consuming and costly. However, it need not be this way!
What role can enterprise mobility play in project management? In order to answer this question, think of how project managers define success. Some state that success is contingent upon their ability to complete a given project on time. Others focus on maintaining the overall budget of a project, while others concentrate on exceeding the expectations of each customer. Still, others might state that success is defined by how well the project is managed. Manage it properly, and the rest should follow. So, if success is defined by all these criteria, can project managers better manage their projects when they have the right enterprise mobility solutions? They most certainly can! However, it is not merely about having a software platform that can track the progress of a project in real-time, but ultimately about ensuring that all team members are mobile or have access to rugged mobile devices. This allows them to reduce on-site costs through a myriad of improvements. Interested in knowing what these improvements are?