Mobile asset management provides retail organizations with a real-time snapshot of where assets are located throughout the enterprise. This means retailers can quickly find and track assets within their organizations, using mobile data capture.
For example, a retailer may need to locate a specific truck or railcar to carry a product of a certain size. With mobile asset management, this task is as easy as scanning a barcode using a smartphone, tablet or wearable device. Retailers can also find shipping containers or pallets suited to particular goods.
Furthermore, the use of mobile devices eases finding and tracking assets in the field, such as product deliveries.
As a result of mobilizing asset management processes, retailers have better insight into the state of assets. This leads to improved maintenance lifecycles, meaning workers can spend less time and effort locating and assessing assets. As a result, employee productivity improves while costs are reduced.
Mobile asset tracking can even help prevent product loss or damage. Consider an associate who discovers that a cold storage locker for perishable goods is malfunctioning. The worker can alert management to the issue with a simple scan. This enables decreased response time, which may allow items to be placed into proper storage before they spoil or expire.
In addition, by reducing the resources and time dedicated to locating and maintaining assets, enterprises can put more effort into core business activities. This renewed focus on business-critical processes spurs higher revenues.
Retail logistics enterprises can further obtain front-end benefits by streamlining asset management on the back end. By digitizing management of their assets, retailers improve overall workflows and quality assurance. This allows them to provide a better level of customer service. In turn, this promotes long-term customer loyalty as well as referrals, further enhancing revenues and profits.