As construction and field service companies continue to be challenged by the rising costs of warehousing, mobile job sites are providing much-needed innovation. This video introduces how field service management software is powering the shift from traditional warehousing to truck-based inventory management. Learn more about this growing trend and how it's transforming the way construction and field service companies are doing business.

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0:00 - Warehouse space shortage
0:21 - The Rise of Ecommerce
0:44 - Ecommerce's Affect on Warehousing
1:03 - Construction and Field Services New Approach to Warehousing
1:25 - Construction and Field Services Original Workflow
2:35 - Construction and Field Services Modern Workflow
2:54 - The Cost of Leasing a Warehouse
3:30 - The Benefits of Field Service Management Software

//Transcript (Edited for Time)//
...This has resulted in many small businesses being forced out of their spaces by ecommerce juggernauts. These companies have seen their businesses boom over the last few years as consumers have fully embraced the convenience that online shopping has given them. This is why experts are predicting the global ecommerce market will reach $6.3 trillion in 2023. And they're forecasting this number to climb to 8.1 trillion by 2026. So what does this mean for warehouse space? Well, according to a recent study by CBRE, for every 1 billion in additional ecommerce sales, retailers will need 1.2 million square feet of warehouse space. This real estate squeeze has many large retailers gobbling up commercial space at an alarming rate. The construction and field service industry is taking this growing challenge in stride and revolutionizing the way that they're thinking about warehousing. They're doing this by decentralizing their operations and switching over to truck-based inventory management known as mobile job sites. So what exactly is a mobile job site? To answer that, let's take a look at how businesses working in construction and field services operated in the past. Way back when, long before the introduction of the cloud or even cell phones, most of these businesses would generally have a very similar workflow. They would lease out a small warehouse or storage space. This centralized location would house all of the parts, products, and tools their technicians would need out in the field. Every day the technicians would load their trucks up with the necessary tools and parts for the day, and then they would head out on their scheduled job route. At the time, field service and warehouse workers had to rely on manual paper-based systems for absolutely everything. All of their inventory tracking, work orders, service tickets, you name it, was tracked using a pen and paper, which, as you can imagine, was super inefficient...Today, field service management software like inFlow has made it easier than ever for companies to manage their inventory and assets no matter where they are. This has led many of these companies to reevaluate how they think about warehousing. After all, the cost of leasing a large centralized location was, first and foremost, expensive. For instance, the average warehouse space needed for a small business is between 5000 to 20,000 square feet. According to data, the national average rent across the US was around $7 per square foot as of April 2023. That would mean a small business looking to lease a space would need to spend between $35,000 and $140,000 a year. And that doesn't even include additional overhead like utilities, insurance and labor. To combat these rising costs, companies have been taking advantage of their service trucks to meet their storage needs. With the help of cloud-based inventory systems that can set up each of their trucks as its own separate location. This eliminates the need to store everything in one giant warehouse space, and instead they've turned their service trucks into tiny warehouses on wheels. This allows small businesses to shrink and sometimes completely eliminate the need for a warehouse. This new technology allows them a real time look at what each of their truck has at any given time, which provides them with the added benefit of planning each technician's job routes based on what parts they have on hand. Another added bonus of using this mobile jobsite workflow is how agile it makes your company. If a client calls with a last minute job request, you can check to see which technician has the required parts and who is closest to the client...With all of the amazing advantages of decentralizing storage space, it's no wonder so many small businesses are using this new model to avoid being squeezed out.

#fieldservice #fieldservicemanagement #inventorymanagement #mobilejob

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