Supply Chain Challenges That Can Be Fixed with Supply Chain Control Tower

 

3 Supply Chain Challenges That Can Be Fixed with Supply Chain Control Tower

A supply chain control tower has the power to transform businesses by closing the gaps that stand in the way of a company’s success. It enables business owners to spot trends, prioritize actions, understand challenges, and resolve them to improve efficiency across the supply chain and align processes as per strategy.

What is a supply chain control tower?

A supply chain control tower is a customizable central console/hub that captures, stores and manages data, while also displaying key analytics and events from the entire supply chain in real-time.

Analytics from a supply chain control tower also uses this data to make predictions of what’s to come if you continue the same path or do things differently.

It also allows you to completely understand the minute details of your business and make sense of the raw data collected from several sources.

There are numerous applications of a supply chain control tower but for the sake of this article, we will focus on only three of the many challenges it can fix.

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Looking for the Best Asset Management System for Your Company? Here’s What to Keep in Mind!

 

As the demand for more effective handling methods is burgeoning, asset management systems are gaining traction across industries. The asset management systems market is expected to grow at a CAGR of 10.3% from 2020 to 2025. Globally, industries have the realization to keep equipment downtime to a minimum for achieving efficient asset performance. These solutions allow firms to monitor their assets and use them rationally to eliminate unnecessary costs.

An asset management system officially records all the firm’s assets and keeps track of them, from their procurement to sale. These assets can be both fixed and current or tangible and intangible. An asset management system provides managers and stakeholders with all the information regarding an asset. This also allows them to calculate whether optimum utilization of an asset is taking place or not.

Incredibly, around 1.1 trillion dollars of working capital is tied up in inventory – that’s equivalent to 7% of the US GDP!

The inventory does make up a large part of the capital expenditure, and it’s critical for firms and businesses to streamline their asset management processes. Let’s discuss further.

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5 Ways Supply Chain Control Towers Can Skyrocket Your Business

 

Today, supply chain companies are under tremendous pressure to adapt to increased competition and growing consumer demands. While keeping the customer happy is their prime goal, they also need to balance business costs spent on improving their supply chain efficiency.

In addition to the above challenges, there are new trends emerging every other quarter, and keeping a track of them has become both important and insurmountable. The supply chain industry is facing a tough time navigating the changing times and emerging challenges.

This is where Supply Chain Control Towers come into play.

What is a Supply Chain Control Tower?

A supply chain control tower is a customizable console that captures, stores and manages data, while also displaying key analytics and events from the entire supply chain in real-time. It enables business owners to spot trends, prioritize actions, understand challenges and resolve them to improve efficiency across the supply chain and align processes as per strategy.

Analytics from a supply chain control tower also uses this data to make predictions of what’s to come if you continue the same path or do things differently.

It also allows you to completely understand the minute details of your business and make sense of the raw data collected from several sources.

Read More Visit https://www.barcodeindia.com/blog/5-ways-supply-chain-control-towers-can-skyrocket-your-business/

3 Ways RFID Technology Is Driving Sustainability in the Retail Industry

 

Consumers today are an evolved lot. While earlier a customer would have simply bought an item from a retail store on the basis of material quality and its affordability, the new-age consumer has another box that needs to be ticked before they decide to buy your product.

Today, they want to know the effect of your product (and your business) on the environment.

If the product you are selling is not sustainable, you can lose a sizable chunk of your customers in the near future.

According to the McKinsey apparel CPO survey, there has been a 500% increase in the number of sustainable fashion products launched over the past two years. That number is only going to increase in the coming years, with the consumers becoming more and more conscious of the environment.

This means your competitors are probably figuring out ways to make their business and products more sustainable.

Thankfully, using RFID technology has had a huge positive impact on the Retail industry when it comes to driving sustainability.

Sustainability is a societal goal with three dimensions (also called pillars): the environmental, economic, and social dimensions. This concept can be used to guide decisions at the global, national, and at individual consumer levels.

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Make Your Decision With The Best RFID Technology

Unlike barcodes, which need to be physically visible to the reader or scanner in order to read them, RFID does not. Electromagnetic waves are sent from a tiny antenna on the tag to the scanner. The tag responds by waving. These waves are captured by the scanner, which converts them into digital data. The procedure's nature depends on whether the tag is passive or active. RFID technology Active tags have an internal power source, whereas passive tags depend on energy delivered by the reader. 

The tags bring up a completely new universe of possibilities because they save data digitally. Businesses can scan more things, expedite shipment, and get more thorough processing data.

THE PURPOSE OF RFID TECHNOLOGY 

RFID technology can lower capital costs, remove human error, and improve operational efficiency. Real-time data is also accessible with RFID tracking, providing knowledge for wiser decision-making and accurate asset management. It employs a tiny chip and incorporates an antenna into a hard physical tag or a primary label for identification. 

Line of sight is not required for RFID

The scanner and each label must be positioned exactly in front of each other and in a precise orientation in order for the barcode to be read. On the other hand, RFID tags don't have to be right in front of an RFID reader. RFID tags just need to be in the reader's read range, which varies depending on the equipment, as they communicate via radio waves. 

You can read and write RFID tags

Once printed onto a label, a barcode can only be read, and the data is never altered. RFID tags can be read, and any necessary rewriting or modification of the data is stored there. 

RFID tags can be reused and are strong

Barcodes are frequently printed on paper labels or other uncovered surfaces, which makes them vulnerable to damage and unintelligible. There are RFID tags available that are made expressly to function in challenging environments, depending on your application. These RFID tags are shielded from collisions, heat, moisture, and varying weather conditions by a sturdy hard case. As we previously indicated, the ability to update RFID tracking allows for their reuse, which lowers the cost of your deployments. 

Data has been encrypted

Barcodes are simple to fake, yet the data they contain can always be read. Your data is substantially more secure when it is stored on RFID tags since the data can be encrypted. Additionally, it is far more challenging to duplicate RFID tags that have been detected by your system. 

RFID tags can store more data

The amount of information that standard barcodes may carry is constrained. An RFID tag can hold up to 8 kilobytes of data in non-volatile memory, where data is actually stored. 

Conclusion

Since RFID technology is still a relatively new technology, there are many things to take into account before introducing this sort of identification in your company. However, the advantages may be considerable if it is the proper fit for your business.

 

 

 

Is Vehicle Tracking System In India a Useful Tool?

Road accidents and auto theft have also increased as a result of the growth of automobiles. India's expanding economy has helped a number of new firms that rely on fleets of vehicles to flourish. India's transportation and logistics industry has seen a dramatic transition as a result of the introduction of a vehicle tracking system in India. 

Reasons Why Vehicle Tracking System is Important for Your Business 

Vehicle tracking systems are regarded as a useful tool for fleet owners in the area of transportation technology. It is undoubtedly a priceless investment for the business owner who depends on numerous vehicles, pieces of equipment, and drivers.

 

The transportation sector is faced with a number of difficulties, including traffic jam delays and careless driving practices such long periods of idling, rapid acceleration, and forceful braking. Above all, adopting a vehicle monitoring system can help overcome obstacles since it encourages a fleet management strategy that is safety-focused.

 

Productivity Boosted by Careful Monitoring and Feedback 

The organization can keep track of the pauses and breaks made by the drivers and keep an eye out for any deviations by keeping an eye on the cars. Businesses can significantly boost their productivity by reviewing and putting corrective measures in place for the unproductive time that employees waste. 

Drivers keep less paperwork and records 

Drivers don't need to keep precise notes for each journey they take because the VTS gadget is already in the car. A vehicle tracking system in India, as opposed to a manual one, boosts the accuracy and authenticity of the records. 

Quality Mapping 

You may zoom in to street level using a car tracking device's mapping features. It also offers several perspectives, including aerial, satellite, and street map views. A reliable mapping service provider should be paired with the vehicle tracking system. Bing Maps, one of the well-known map companies, offers precise and current mapping. They can precisely track a vehicle's whereabouts thanks to this facility. 

Theft prevention 

Another feature of the vehicle tracking system is theft prevention. Due to this capability, the majority of businesses also favor installing vehicle tracking systems in their vehicles. The position of the vehicle is constantly updated by the real-time tracking technology, making it simple to locate a missing vehicle. Real-time systems are quicker than passive systems because they update with real-time data. 

Final Wrap

A vehicle monitoring system can assist you in achieving this by providing information on the emissions of your vehicles and by suggesting more fuel-efficient, shorter routes. In turn, this lowers the carbon footprint of your fleet. Because the technology digitizes the business's operations, you can run your firm from anywhere in the world with minimal paperwork. A vehicle tracking system in India makes your company wiser and contributes to protecting the environment.

What Advantages does a Warehouse Management System Offers?

A software program known as a warehouse management system assists in effectively managing daily warehousing operations by reducing losses with the use of tools like tablets, desktops, etc. Users may handle the duties involved in the warehouse using the software's centralized system and interface. 

Warehouse managers use warehouse management systems to centrally manage and transfer inventory. In order to work in the warehouse or at their desks, warehouse managers frequently access the system on mobile devices or tablets. Using a WMS solution has several advantages, and many managers cite remote data visibility as one of them. Implementing warehouse automation has other advantages, such as

●     Counting inventories accurately

●     Less returns

●     Better planning for demand

●     Visibility and openness

●     Automatic restocking

●     Visibility and traceability of stocks

●     Decreased operating costs

●     Less selecting mistakes

●     Enhanced client services

●     Improved procedures

●     Efficient use of labor

What are the processes of WMS?

Eight key processes will be automated with the aid of a fully integrated WMS: 

Order management

To avoid delays in fulfillment and manual upload procedures, new orders are automatically forwarded to the warehouse for fulfillment.

Inventory Management

Utilize a single platform to view inventory levels across all fulfillment centers and reallocate inventory in response to demand. Stockouts, unpleasant customer experiences, and lost sales opportunities are all avoided thanks to this real-time visibility.

Delivery Tracking

Sales orders and tracking numbers will immediately sync, and customers will receive shipping confirmations. Working together with a reputable last-mile carrier guarantees accurate tracking data.

Reporting

To enable proactive supply chain planning, advanced reporting surrounding demand forecasting and inventory balancing is made possible by having all of this information connected through a single platform.

Proven Track Record

You want to get information about how well a WMS works from people who have used it. Request a list of customer references and, if possible, observe it in action.

Value for ROI

Functionality, flexibility, integration, scalability, usability, customer support, and other factors play a role. These requirements must obviously be considered when selecting a Warehouse Management automation system.

Ease of Use

A warehouse management system is said to be properly built if it can be set up quickly if the stakeholders can readily adjust to it, and ultimately if the warehousing chores can be easily managed with it. Employee training will take less time if the WMS is simple to use. The chosen WMS should also make it simple to enter data, read data, and provide data reports.

Customer Service

As was already noted, the major goal of employing automation software to manage routine warehousing tasks is to give clients the kind of service they want or need. Businesses should make an effort to comprehend the flaws in their current warehouse operations and find the best WMS that can assist them to solve these issues and provide better customer care to their clients.

Verdict

Customers experience better order fulfillment, quicker deliveries, and fewer inaccuracies with a warehouse management system, which boosts customer satisfaction and brand loyalty. Reduced wait times at docks and loading bays benefit suppliers and foster better relationships.