{"id":479,"date":"2022-09-19T14:26:37","date_gmt":"2022-09-19T14:26:37","guid":{"rendered":"https:\/\/www.bulbthings.com\/blog\/?p=479"},"modified":"2025-07-28T16:41:00","modified_gmt":"2025-07-28T16:41:00","slug":"fighting-inflation-with-bulbthings","status":"publish","type":"post","link":"https:\/\/bulbthings.com\/blog\/fighting-inflation-with-bulbthings","title":{"rendered":"Fighting inflation with Bulbthings"},"content":{"rendered":"

As SMEs face the cost of doing business with supply chain outages and inflation of prices for equipment, supplies, and energy, they often look for alternative solutions rather than increasing their prices. In a recent <\/span>CNBC|SurveyMonkey Small Business Survey<\/span><\/a> for Q2 2022, some 75% affirmed they are currently experiencing a rise in the cost of their supplies, yet only 40% of them increased their prices.<\/span><\/p>\n

In this context, many companies are turning to asset management tools to help them optimise the usage of their assets and avoid unnecessary costs. For example:<\/p>\n

    \n
  1. Having a clear, real-time picture of equipment inventory to optimise utilisation of existing assets and avoid unnecessary purchases.<\/li>\n
  2. Avoiding costs (e.g. insurance, financing) of assets that no longer exist in their organisation, also called \u201cphantom assets\u201d.<\/li>\n
  3. Automating preventive maintenance to decrease the occurrence of breakdowns and unnecessary repair costs.<\/li>\n<\/ol>\n

    However, as a truly all-in-one asset management platform<\/em>, Bulbthings can help you fight inflation in other unexpected ways. Since the app\u2019s design is quite modular, you can incrementally activate these features over time when you need them.<\/p>\n

    Supplies stock level management<\/h2>\n

    Running out of stock of your supplies can have a significant effect on your operations: unexpected supply chain outages may delay your production or services, and last-minute orders will significantly increase your purchase prices.<\/span><\/p>\n

    Bulbthings goes beyond the tracking of individual \u201cserialised\u201d assets (e.g. IT equipment, power tools, machines). You can also manage your stock of high-volume supplies and consumables effectively thanks to the following key features:<\/span><\/p>\n

    1. Mobile inventory management<\/h3>\n

    The scanning feature of the mobile application allows updating <\/span>stock quantities<\/span> for single-site or multisite organisations. No extra handsets or hardware are required.<\/span><\/p>\n

    \"Asset<\/p>\n

    If you\u2019re starting from scratch, our team of inventory managers can help with your first-time inventory. They will come onsite to tag your assets<\/a> and build your catalogue so you can then update it on an ongoing basis.<\/span><\/p>\n

    \"3<\/p>\n

    Your inventory managers will get reminders to perform periodic inventory, and supervisors may get notified of any missed inventory.<\/span><\/p>\n

    2. Stock level notifications and history analysis<\/h3>\n

    Bulbthings allows you to set notifications for minimum stock levels. You can also optimise stock levels and trends to optimise your orders.<\/p>\n

    \"Preview<\/p>\n

    3. Digitalise order and delivery workflows with your suppliers<\/h3>\n

    You can automate supplier purchase orders, deliveries, and incoming stock quantities. Bulbthings can be easily customised to adapt to your specific needs and workflows.<\/span><\/p>\n

    Vehicle fleet management<\/h2>\n

    Bulbthings offers full fleet management features, including real-time data collection and tracking with telematics devices.<\/p>\n

    Vehicles cost more to your company than you may realise. The average cost of a light vehicle per year is \u00a38,000<\/strong>. This means that as an SME with a small fleet of 10 cars or vans, the true cost for your company amounts to around \u00a380,000 per year<\/strong>. For heavy-duty or heavy-goods vehicles, costs are significantly higher!<\/p>\n

    Fortunately, Bulbthings offers key features to control the costs of your fleet of vehicles and machinery.<\/p>\n

    1. Fuel cost control<\/h3>\n

    According to <\/span>Automotive Fleet<\/span>, fuel represents on average 60% of a company\u2019s total fleet operating budget. If you haven\u2019t yet moved to electric vehicles, soaring fuel costs may be a major concern. But worry not!\u00a0 Bulbthings can help to address:<\/span><\/p>\n