Whether your company is a massive corporate powerhouse or a small niche shop, there are simple things you can do to become more profitable.
Quick, think of a major corporation that has massive amounts of inventory where people shop every day for low prices!
Got a store in mind?
If you’re like most Americans, you probably thought “Wal-mart!”, and you certainly wouldn’t be wrong. Their slogans of “Always Low Prices” or “Save Money, Live Better” are widely known and people are definitely shopping there every single day. According to a study performed in December 2013, shoppers are spending $36,000,000 every hour of every day in Wal-mart. I had to double check that number to ensure that it wasn’t a typo, but nope, that’s the real, actual number. With that level of purchasing going on, you have to know that they have all their ducks in a row when it comes to their inventory management, supply chain coordination and product ordering systems.
That’s where companies like AbeTech come in.
In this PDF from 2008 detailing Wal-mart’s supply chain practices, one of the very first things you’ll see is the following:
Quote: “As Wal-Mart used sophisticated barcode technology and hand-held computer systems, managing the center became easier and more economical. Every employee had an access to real-time information regarding the inventory levels of all the products in the center.”
By using handheld computers designed to work in multiple environments, they are keeping their operating costs down and improving efficiency. This is key to helping keep their products on the shelves, ready for purchase and at their advertised low prices, making them more attractive to consumers. Sounds like something you’d love to be doing for your company too, am I right?
Whether your company is moving $36 million in products an hour, or $3,600, there are always ways that you can help your workers and your business work more quickly and easily so that you can maximize your profitability and your appeal to customers. AbeTech can help you find the devices that will help you do just that.
For example, take a look at the Psion Workabout Pro 3. A rugged handheld computer that was designed to go anywhere your workers need to be. It can help your company manage its inventory, providing real-time updates on product locations, quantity and shipping, as well as taking control of your supply chain logistics. When your company’s needs change, you won’t have to throw the Workabout’s in the trash and buy new because it was built with the ability to customize it for a variety of tasks and environments, so it will change right along with you!
