Overstocking and understocking of inventory are common challenges in wholesale businesses. Here are some of the best ways to improve your inventory management through rugged devices. In wholesale operations, there are many challenges to be faced, from managing inventory to providing excellent customer service. However, rugged devices can help to overcome these challenges in various ways.
Firstly, rugged devices can improve inventory management. They offer real-time visibility into inventory levels and locations, reducing the likelihood of overstocking or understocking. With the ability to scan barcodes or RFID tags, warehouse workers can quickly track items, ensuring accurate inventory counts and reducing the need for manual counting. Additionally, rugged devices often come with an ingress protection rating, ensuring durability and protection against dust and water.
Secondly, rugged devices can streamline order fulfilment. Workers can use rugged tablets or handhelds to receive and process orders, pick and pack items, and generate shipping labels. This reduces the need for paper-based systems, which can be time-consuming and prone to errors. Rugged mobile POS systems can also be used to accept payments on the go, enabling quick and easy checkout for customers.
Thirdly, Windows or Android rugged devices can enhance communication and collaboration. With rugged tablets and handhelds, employees can communicate in real time with colleagues, supervisors, and customers, improving workflow efficiency and reducing errors that can arise from miscommunication. Rugged devices can also integrate with other software systems, such as warehouse management software or customer relationship management software, to streamline operations.
Fourthly, rugged devices can increase productivity and cost savings. With rugged devices, employees can work more efficiently, reducing the time needed to complete tasks and increasing overall productivity. This can result in cost savings by reducing labour costs and improving operational efficiency.
Rugged devices can improve customer service. By providing accurate and timely information to customers, such as order status or inventory availability, employees can enhance the overall customer experience. Mobile POS systems also allow for quick and easy checkout, reducing wait times and increasing customer satisfaction.
Optimising Your Inventory With Rugged Tablets
Managing inventory is a critical aspect of any wholesale business to avoid costly issues such as overstocking or understocking of goods. To address these challenges, companies can use rugged devices to assist with inventory forecasting and management.
Rugged devices provide accurate and real-time data, allowing businesses to closely monitor inventory levels. Employees can use these devices to scan items and update inventory levels on the go, ensuring that businesses are always aware of what items are in stock and what needs to be ordered.
Additionally, rugged devices can automate inventory management by setting up automatic alerts to notify employees when stock levels are running low, and when it’s time to reorder. This helps avoid stockouts, which can result in lost sales and unhappy customers.
Rugged devices can also help with warehouse organisation. Employees can use rugged tablets or handhelds to track the location of items within the warehouse, making it easier to locate items when fulfilling orders. This leads to faster order fulfilment times and increased customer satisfaction.
By implementing rugged devices for inventory management, wholesale businesses can reduce the chances of overstocking or understocking, resulting in cost savings, increased productivity, and improved customer service.
Improved Inventory Management With Rugged Devices
Efficient inventory management is crucial for successful wholesale operations. However, the challenging environment and device limitations can make it difficult to track inventory accurately. Fortunately, rugged devices, including rugged tablets, handhelds, and mobile point-of-sale (POS) systems, offer several benefits for inventory management.
One significant advantage of using rugged devices is the real-time tracking of inventory levels. Businesses can access accurate and up-to-date information on inventory levels by using rugged devices. This feature is particularly helpful in large warehouses, where inventory tracking can be a complex and time-consuming process. By optimising inventory levels, companies can ensure they always have the right products in stock.
Rugged devices also reduce human error and increase accuracy in inventory management. Employees can use rugged tablets or handhelds to scan barcodes or use RFID technology to track inventory levels, reducing the risk of errors associated with manual data entry. This streamlined process saves time and reduces the risk of mistakes, resulting in greater efficiency and productivity.
Furthermore, rugged devices are designed for use in harsh environments. They have a rugged design with military-grade durability, dust resistance, and extra protection, making them ideal for use in challenging conditions. Rugged devices are also water-resistant and come with an IP rating, indicating their level of protection against dust and water. With rugged devices, businesses can operate confidently in even the toughest environments, knowing their devices are built to withstand harsh conditions.
Rugged devices with Android operating systems also offer easy OS updates and customization options to ensure optimal performance. By improving inventory management, businesses can optimise their supply chain and gain a competitive advantage.
Understanding Understocking and Overstocking
Inadequate inventory management can lead to missed sales and lost profits due to understocking or excess inventory from overstocking. To avoid these situations, a well-planned inventory management system is necessary. Rugged handheld devices offer a solution for inventory management in challenging environments.
Rugged devices allow businesses to track inventory levels accurately in real time, enabling them to make informed decisions about restocking or reducing inventory levels. By providing employees with the necessary tools and information, rugged devices can also help minimise errors and improve the efficiency of inventory management processes.
Whether a business is dealing with understocking or overstocking, rugged handheld devices can provide the support and solutions needed to optimise inventory management and improve overall operations.
Common Causes of Overstocking and Understocking – How Rugged Devices For Wholesale Operations Can Help
Lack of proper information
In-store transactions can be a limiting factor for many businesses, preventing them from obtaining accurate information about their customer’s behavior and preferences. This lack of information can result in challenges with demand planning, where businesses are forced to make guesses based on incomplete data.
To address this challenge, rugged devices designed for wholesale operations provide an excellent solution. These devices enable real-time communication and data sharing among team members, allowing businesses to collect more accurate and comprehensive information about their customers. From field communication to collecting customer signatures, rugged mobile devices can provide an efficient and effective solution for businesses looking to improve their customer knowledge and demand planning. By making informed decisions based on real-time data, businesses can stay ahead of their competition, leading to increased sales, profit, and customer satisfaction.
Poor inventory management
Efficient inventory management is crucial for any business, and keeping track of inventory costs is equally important. Proper management can help businesses avoid understocking or overstocking, which can be costly. Inventory costs can be divided into three categories: purchasing, shortage, and carrying charges.
In addition to cost management, effective inventory management can help businesses anticipate shifts in consumer demand and gather important data, such as customer habits and preferences. Rugged devices designed for wholesale operations can be a significant asset in collecting data efficiently. For example, Conker’s rugged devices come with built-in barcode scanners, allowing teams to send and receive scanned data seamlessly and stay connected in real time.
In the wholesale industry, it’s crucial to be able to adapt to seasonal changes in customer demand. Failure to do so can lead to significant financial losses and missed profit opportunities.
For example, during peak seasons like holidays, summer, or tax season, businesses must be prepared to adjust their inventory levels to meet increased demand. However, the impact of seasonality can vary depending on location and culture, making it easy for businesses to either overstock or understock products. To succeed in managing seasonality, businesses must understand their target market, analyse available data, and develop plans to take advantage of seasonal trends. Rugged mobile devices designed for wholesale operations can aid in this process by providing real-time data collection and analysis, enabling businesses to make informed decisions about their inventory levels and adapt to changing customer demands.
Out-of-stock (OOS) and stockout troubles
It can be a nightmare for businesses to run out of stock. Not only do they lose money and profits, but it also negatively affects customers. Running out of stock can damage a brand’s reputation, resulting in losing both current and future customers.
To keep up with demand, businesses may purchase more stock, only to find that demand unexpectedly decreases, resulting in excessive inventory.
According to RetailDive, the annual cost of out-of-stock situations for retailers is more than one trillion USD or 823 billion pounds.
Overstocking a product can be just as expensive and wasteful as a stockout. To ensure the success of a company, it’s crucial to maintain an up-to-date and accurate inventory at all times.
To stay ahead of the competition, businesses can turn to automation and rugged devices.
Adopting Automation through Rugged Devices for Wholesale Operations
Integrating automation into inventory management can significantly enhance efficiency and optimization. Automated systems can perform tasks quickly and accurately, improving the speed and precision of inventory management processes. Additionally, automation offers greater flexibility in managing inventory, allowing businesses to adjust quickly to changes in demand.
A well-structured and accurate inventory management system provides numerous benefits for businesses. For instance, it enables them to gain insights into their target market and make accurate predictions about demand during different seasons.
Fortunately, implementing automation need not be a daunting task. Rugged devices designed for wholesale operations can help streamline the process and make it easier for teams to manage inventory effectively.
Changing the Wholesale Operations Industry Through Rugged Devices
Rugged devices for wholesale operations allow the better exchange of information via the IoT
The Internet of Things (IoT) refers to the use of communication networks to transmit data and information. This allows your team to stay up to date with warehouse processes in real-time, without compromising sensitive information.
With an automated inventory system, adjustments can be made seamlessly and efficiently, making it easier to keep track of stock levels.
By using a rugged device for wholesale operations, employees can manage their supply chain better. In a fully automated warehouse, everyone operates from the same page, ensuring smooth manufacturing processes.
Rugged devices enable personnel to check the status of processes and inventory from anywhere, simplifying data analysis and allowing for timely orders of additional supplies or creative solutions for managing stock.
For keeping up with inventory management and automated systems, we recommend the CONKER NS82. IP65 rated, it is not only built for withstanding different conditions, but it is light, easy to carry around, and helps for easier process navigation for employees.
Moreover, it can be equipped with a 2D barcode scanner. As a Windows tablet, it can easily help systems keep track of inventory with the apps and other software benefits to it.
Conker Rugged Devices
CONKER is a UK-based technology company that produces a rugged range of devices designed to withstand tough environments, with a high ingress protection rating. Our products are specifically designed for use in industries such as logistics, construction, and retail.
CONKER devices are built to last, with features such as reinforced screens, our durable hardware can withstand drops, dust, and water. With a high ingress protection rating, our devices are protected from water and dust ingress, ensuring they continue to operate even in the harshest environments.
Our devices are also equipped with a range of features that make them highly versatile and user-friendly. For example, they offer devices with built-in barcode scanners, RFID readers, and fingerprint scanners, which allow for easy and efficient data collection.
In addition, CONKER devices are highly customizable, with the ability to run a range of different operating systems and software. This means that businesses can tailor their devices to suit their specific needs, making them highly efficient and effective.
Overall, CONKER offers a reliable and durable solution for businesses looking to streamline their operations and improve their efficiency to ensure their devices can withstand the toughest environments.
To find the ideal rugged device for your business, get in touch today.