Manual process presents challenges in areas of organization and real-time visibility.
Improving your inventory management through the use of mobile computing will reduce errors by improving accuracy, saving time for better resource allocation and give you the visibility you need.
This type of inventory management/tracking technology is especially important in the highly competitive and growing retail marketplace. According to reports from the U.S. Department of Commerce, the entire umbrella of the retail industry was worth approximately $4.7 Trillion dollars in 2011…I guess people like to shop.
However, specifically, the USDA Economic Research Service reports that grocery retail, both for food and non-food items, was a $571 Billion industry…yes BILLION! That’s competitive! For example retailers and grocers find themselves in pricing wars and must continuously determine and execute strategies to retain and attract new customers, and equally important find innovative solutions to the challenges that affect profitability.
As technology becomes more and more advanced, organizations will find themselves trying to enhance their processes. With the highly competitive food and beverage division of retail, and even all the other categories that fall under the retail umbrella, there are key functions that must be taken into consideration so that customer satisfaction remains high. These functions include:
- How to increase efficiency and decrease time spent on certain tasks
- How to have more efficient inventory management
- How to have better pricing management
- How to keep expenses low
The solution that helps deter the issues stated above is available through L-Tron’s premier partner Honeywell Scanning and Mobility. Honeywell offers industries the Dolphin 99EX Mobile Computer and the Dolphin 99GX Mobile Computer. These mobile computers come equipped with cutting-edge technology that enables increased efficiency through communication by connecting enterprises. Now I bet you are wondering HOW these two products increase efficiency. Well, the answers are quite intriguing:
- How to increase efficiency and decrease time: Fast and reliable wireless connectivity results in access to data in real-time and their designs make it easier for users to input data in a shorter amount of time.
- How to have more efficient inventory management: Both the Dolphin 99EX and the Dolphin 99GX have multi-functional capabilities. This means that scanning and monitoring the SKUs and consistent flow of information between users.
- How to have better pricing management: These products allow companies to track prices from the time they are received up until they are purchased by the customer. This includes information regarding the promotion of the product(s), as well as monitoring the vendor pricing/quantity ratio.
- How to keep expenses low: With the implementation of “lean” solutions, expenses are going to decrease due to increased efficiency. Specifically, for the Dolphin 99EX and the Dolphin 99GX, expenses will decrease because through the wireless capabilities everything in is “real-time”. This means facets such as “proof-of-delivery” and tracking are readily available. No more of having to “order more” items because they were not delivered. Another important aspect is the ability to get metrics. Companies are able to monitor how products are doing on the shelves and make adjustments based on that information.
Two success stories come to mind when writing about these two products. The Dolphin 99GX success story can found here and the Dolphin 99EX is available here. Please contact L-Tron Corporation if you have any questions. We have industry and product experts that will help you with any questions, as well as find a solution that is catered to your needs and wants. You can visit our website or call our toll free at 1-800-830-9523. We look forward to hearing from you!