Keeping tabs on your inventory might help you avoid inventory mistakes and inefficiencies. Keeping meticulous track of your company’s inventory may enhance profitability and improve operational efficiency. Record products created or acquired, sent, delivered and returned for this purpose.
Not monitoring inventory levels can result in the depletion of popular items during a sudden rise in demand. This may occur during peak season or because of other external circumstances. Having adequate inventory is essential.
To efficiently track your pallets, you must affix a barcode label, an RFID tag, and Internet of Things (IoT) sensors. These capabilities offer visibility and insight into the goods that the pallet is transporting, its location, and its availability, including lot numbers, serial numbers, and quantities.
Measuring the KPIs of a warehouse enables the determination of whether the intended objectives are being reached, enabling the establishment of action plans and the optimisation of logistics processes.
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