If your supply chain business is suffering from poor data integrity it may be time to look into what technology options are available to mitigate this concern. Data inaccuracies can affect every level of the supply chain from manufacturer to consumer. For example, out-of-stock scenarios caused by bad data can result in up to 8.3% revenue loss for businesses such as grocery stores. By selecting industry leading technology such as WMS and automated data collection (ADC) devices these businesses could save up to 10 to 30% in holding costs and avoid the revenue loss associated to out of stock scenarios.
Utilizing WMS and its built in features and functionality can serve warehouses, DCs, 3PLs, manufacturers, retailers and many more with improved operational accuracy. A warehouse management system that can collect, store and transmit inventory records in real time can help to increase supply chain operations as a whole and there are critical pieces of functionality that should be included to bring this to fruition.
Barcoding and serialization: implementing barcodes and eliminating manual data entry helps to increase data accuracy and reduce inventory lost within your facility
ADC devices: using these devices warehouse operators can access data in real time, making more informed business critical decisions. These devices also help to further reduce manual data entry where many errors occur. ADC devices range from mobile computers, voice technology and RFID to automated storage and retrieval systems and conveyors.
EDI/ASN: having data transmitted directly into your WMS with little to no human intervention helps to further reduce any errors that may occur in data entry scenarios and saves time for warehouse operators.
Audit trail records: inventory can move throughout your facility many times throughout its lifecycle. Tracking and recording this movement can be critical in cases where product recall is required. Rather than performing mass recalls, they can be more targeted with accurate, real time data.
Automated billing and workflow: each customer may require customize billing or handling procedures for their inventory. Utilizing workflow to automate these processes and customer billing helps to reduce errors and create billing records in real time.
Reporting/alerts: while the implementation of WMS is expected to improve the overall accuracy of your operation, errors are inevitable. When they do occur, users can be alerted through custom alert and reports designed by each user. These errors can then be addressed immediately, making your team proactive rather than reactive.
To learn more about WMS improving operational accuracy contact Datex experts today at firstname.lastname@example.org or 800.933.2839.