If you need a modern method to correctly track inventory then you have to rely on IoT sensors, If your
existing management system has to work with items counted by hand, then you must choose IoT
sensors. These are powerful tools that are now helping numerous companies by changing the way they
collect data and manage their inventories. These tools usually offer an accurate solution that can easily
simplify cycle counts and eventually ensure a smoother operation procedure.
With IoT sensors, companies can easily monitor their products automatically. Moreover, it makes it easier than traditional ways to maintain proper stock levels while keeping costs down.
So, to help you out, here we will discuss the working procedure of IoT sensors and what benefits they
usually offer.
Inventory Cycle Counts: What Are These?
Inventory cycle counts are an inventory management strategy. It is used to maintain accurate records
regarding inventories and also asset registers. The task of cycle counting requires auditing inventory at
set intervals regularly. This helps in checking the accuracy of inventory and detecting discrepancies. For
example, incorrect or shrinkage inventory levels. By doing this, inventory managers can make sure that
all discrepancies in inventory are resolved instantly.
In addition, cycle counts can successfully identify all variances of inventory quite faster than all those traditional forms. Thus, it can allow businesses to properly adjust their inventory management practices in real-time.
Furthermore, inventory cycle counts allow companies to maintain their updated inventory reports, along
with reducing the costs of overstocking and outages of items.
Challenges of Traditional Cycle Counting in Warehouses
In warehouse management, cycle counting is a very important task. It includes the task of counting a
small part of the inventory at regular intervals. This procedure can easily ensure the accuracy of your
stock, along with preventing stock discrepancies. Though many companies use this traditional method to
maintain correct stock records, this traditional procedure includes some challenges. Such as:
● Time-Consuming Procedures
Traditional cycle counting is usually a very slow and tedious procedure. When workers have to count items in stock they must stop their regular tasks. This usually slows down the workflow in the warehouse. This can create some issues in the working procedure sometimes. This interruption in regular tasks can even affect other warehouse activities.
● Human Error
Another notable challenge of traditional cycle counting is that it depends solely on human effort. Warehouse employees need to count items manually, and this can increase the scope for mistakes. Some easy errors like miscounting items or giving incorrect numbers may result in some incorrect records. These mistakes can increase over time and lead to potential stockouts and overstocking of items.
● Operational Disruptions
Traditional cycle counting can easily disrupt the flow of entire warehouse operations. As your employees have to count inventory carefully, they won’t be able to do some other vital tasks. For example, inventory movement, order fulfilment, and more. Bottlenecks are created due to this issue in high-volume warehouses which result in shipment delays and customer dissatisfaction.
● Security Risks
This may be another challenge that traditional cycle counting offers. As items are counted and recorded manually, some companies may face fraud or theft. Some employees may take advantage of this procedure and steal items. So, if companies don’t have automated checking options or scopes for real-time monitoring, they will face difficulties in detecting these issues early.
● Delayed Data Updates
Usually, traditional cycle counting relies on manual or paper-based recording systems. This may delay the
procedure of updating inventory data. When the issues are identified, your inventory data will become
outdated already. This delay can affect the ability of companies to manage stock levels.
How IoT Sensors Simplify Inventory Cycle Counts in Warehouse Management
Systems?
IoT sensors help a lot with inaccurate warehouse management. It helps by offering accurate tracking as
well as timely updates, which can easily ensure a smooth and flawless procedure. IoT sensors can easily
simplify inventory cycle counts in several ways. Such as:
● Real-Time Inventory Visibility
A notable advantage of IoT sensors in warehouse management is the visibility of inventory. The traditional procedure of cycle count usually relies on workers manually counting stocks. This may result in delays and issues in actual stock levels as well as recorded data. IoT sensors help by continuously updating inventory levels in real time. This can easily ensure that all your managers will have up-to-date knowledge about existing items.
With this real-time visibility, warehouse managers can easily make some quick, informed decisions. Such as, if an item is running low, they can add an order for more stock really fast
● Automated Counting
Through automation, IoT sensors can easily simplify cycle counting. In traditional systems, employees needed to perform inventory counts manually. They need to do the job by physically counting items or even scanning barcodes. This was a labour-intensive task, mainly in large warehouses.
Recently, IoT sensors can automate the entire counting procedure by updating inventory records in real-time. Thus, you can get rid of the issues of human error and your employees can perform some other important tasks.
● Proactive Alerts
IoT sensors can send some reliable proactive alerts as per some pre-set parameters. Such as, if the sensor can feel that the stocks of a product are low, it can send a notification to the responsible person. This trusted and automated alert system can help by preventing errors during cycle counts. Thus, employees can take corrective actions really fast.
● Seamless Integration with WMS
Another way these IoT sensors can help is quite interesting and seamless integration with warehouse management systems. All WMS platforms help in several important tasks. For example, tracking orders, managing inventory, optimizing warehouse workflows, etc. Moreover, IoT sensors can easily improve all these systems by offering real-time data to the WMS. Thus, managers can easily analyze trends, track inventory, and even make informed decisions.
● Reduced Operational Disruptions
Sometimes, inventory cycle counting may cause disruptions in operations. In traditional procedures, employees have to stop their warehouse activities to perform item counts, this can slow down other important tasks. However, IoT sensors allow accurate cycle counting without affecting any day-to-day operations in a warehouse.
These efficient sensors can work in the background and help by updating the system in real time. This
can ensure improved productivity and fewer interruptions.
IoT Sensors: What Are These?
IoT sensors are physical devices. These devices can collect data from the environment and then transmit it to an IOT platform. This can help by analyzing as well as enabling devices to interact and respond properly.
They can help in the measurement of several important parameters. For example, motion, pressure,
temperature, and more.
Tired of Manual Counting Errors? Switch to IoT Sensors for Seamless Inventory Control!
Contact us for a personalized meeting with our experts
Benefits Of Using IoT Sensors for Cycle Counts in Warehouse Management
Proper warehouse management usually includes several vital tasks. For instance, counting and recording
stock levels, minimizing errors, ensuring timely deliveries, and more. So, let’s explore some interesting
benefits of choosing IoT sensors for cycle counts below:
● Improved Accuracy
An interesting benefit of using IoT sensors in WMS is improved accuracy. The traditional procedure is
highly prone to human error. In contrast, IoT sensors can easily track inventory in real time. Hence, it can
reduce errors to a great extent.
These sensors can monitor stock levels constantly and update data in a WMS. Thus, it can always offer an
accurate view of your existing inventory. So, when you use these IoT sensors, you can avoid discrepancies
between existing inventory and your recorded data.
● Cost Savings
Efficient IoT sensors can help in notable cost savings in the long run. At first, when you invest in an IoT sensor initially, you may face some high expenses. However, over time, this technology can reduce the need for manual labor and can help you to save costs. Also, correct inventory data can help prevent the costs of losing items or excess inventory. Thus, you can enjoy significant cost savings in the future.
● Faster Counts
With IoT sensors, you can enjoy faster cycle counts. Previously, employees had to check items manually.
This took many hours in a large warehouse. So, you can choose IoT sensors to automate the entire
procedure and receive real-time updates on stock levels. Thus, your entire cycle counting procedure will
become amazingly faster than those traditional methods.
● Enhanced Operational Efficiency
IoT sensors can help by enhancing operational efficiency. They can do the task just by streamlining the
entire procedure of inventory management. With these, warehouse managers can see the status of
stocks clearly. Thus, they can perform faster decision-making, along with reduced labor and time.
● Reduced Shrinkage
Shrinkage – the common issue in warehouse management refers to the loss of inventory due to errors, damage or theft. However, IoT sensors can help a lot by reducing shrinkage. These tools help by providing constant monitoring and alerts. The sensors track easily the movement of items and notify managers if necessary.
● Better Decision Making
With IoT sensors, warehouse employees can enjoy better decision-making regarding inventory, order placement, product movement, etc. For example, if any of your items is running low, the system can send you an alert. Hence, you can easily reorder the item in time before the stock runs out.
● Improved Customer Satisfaction
IoT sensors for cycle counts can help you by offering improved customer satisfaction. With this technology, you can ensure that products are always in stock when a customer places orders. Hence, you can take orders and ship them more quickly and satisfy your customers.
With Silent Infotech Simplify Your Warehouse Operations with IoT Sensors
With Silent Infotech, you can easily enjoy simplified IoT operations. This company helps you by
integrating IoT sensors for real-time inventory tracking and automated cycle counting. The advanced IoT
solutions offered by Silent Infotech can allow you to perform accurate stock monitoring. Thus, you can
easily reduce errors and eventually enjoy improved efficiency.
Today, technology is evolving at an incredible speed. Thus, many companies use various new tools to improve their warehouse management procedures. In this aspect, IoT sensors can help you a lot. These efficient tools can help you by improving efficiency, accuracy, customer satisfaction, cost and labor reduction, etc. So, if you need to manage your warehouse business quite effectively, just rely on these IoT
sensors.
FAQs Related To IOT Sensors in Inventory Management
There are various types of IoT sensors. Such as motion sensors, environmental sensors, chemical sensors,
audio sensors, and more.
Iot Sensors now help many important industries. For example, in the healthcare sector, it helps in
tracking medication adherence, monitoring patient vitals, etc. In the industrial sector, these tools help by
optimizing procedures, monitoring machinery, etc.
IoT sensors offer different benefits. For example, improving efficiency, timely decision-making, enhancing
safety, etc.
These tools access the network through wireless communication protocols. Such as Bluetooth, Wi-Fi,
cellular networks, etc.
Most IoT sensor nodes are designed to last around three years or more. However, this may vary.