Wasp Barcode Inventory Management White Paper - Manual (Page 7)

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When Ace A/C & Heating realized its spreadsheet-based inventory management simply wasn’t up to
the job, it bought a barcode-based mobile solution. The midsize business uses the technology to
manage its parts inventory, create reorder reports, review inventory reports to track item sales
history, and keep an accurate count of items in stock. In the past, Ace technicians – who earn about
$40 per hour – wasted around 20 hours each week obtaining parts that were not in the warehouse.
With the barcode-based system, Ace saves about $800 per week, or more than $40,000 per year. In
addition, Ace now can schedule service calls – and earn money – during the 20 hours technicians
used to travel to and from the supply depot. The return on investment arrived in less than a month.
“The product paid for itself in three weeks,” said Gary
Kincheloe, owner of Ace.
Precision Drilling, which maintains and services 226 drilling
rigs, 229 service rigs and 28 snubbing units at its Technical
Support Center, had considered using the inventory module
for SAP's R/3 enterprise resource planning software, but it was overly complex. Yet the department
needed a tool to track the often-expensive components used to repair the rigs. When it selected a
barcode-based inventory solution, it eliminated unnecessary replacement of parts that can cost up to
$6,000 each; slashed reliance on overnight and second-day shipping for replacement parts, and is
able to track failure rates, maintenance schedules and save time previously spent locating parts, said
Lee Letawsky, parts technician and purchaser.
If a manufacturer recalls a part or there is a problem with a replacement-component, companies that
track replacement parts by serial number can easily locate these questionable parts. Companies can
rapidly search each piece's transaction history to determine when it was installed, who installed it,
and which supplier provided the part. This protects the business and its clients, further improving
customer service and cementing the client-seller relationship.
On the Market
Mention inventory, and most people immediately think of retail. And inventory is one of retailers'
biggest assets – and expenses. Advanced inventory management or inventory optimization is second
only to product quality in importance to retailers, researcher IDC found.
So it's not surprising that retailers and distributors need quality solutions to track their inventory.
Mistakes cost money and time: $60 billion worldwide may be lost due to stock-outs driven by issues
rooted in retail floor inventory management, VDC Research Group found.
Ace A/C & Heating saves
more than $40,000 per year
with the barcode-based system