Hidden Costs of Lost or Stolen Workforce Devices and the Benefits of Tracking Systems
In the bustling world of warehousing and retail, mobile computing devices play a critical role in inventory management, logistics, sales, and overall operational efficiency. From handheld scanners and tablets to laptops and mobile phones, these devices have become essential tools in the modern business landscape. However, they are often susceptible to loss or theft, an issue that bears significant costs for companies. The Cost of Lost or Stolen Devices The cost of lost or stolen devices is not merely limited to the financial value of the device itself. It goes beyond that to include several hidden costs that can compound over time. The first of these hidden costs is downtime. When a device is lost or stolen, the resulting disruption in operations can cause significant productivity losses. Workers may need to manually record data or perform tasks, significantly slowing down processes and leading to errors. Next, there's the cost of data loss. Many workforce devices store valuable bu
