3 Ways to Optimize E-commerce Supply Chain with Zebra Hardware

 

E-commerce was born as a mere straightforward online channel for sales and purchases. However, customer expectations for E-commerce have significantly changed the E-commerce fulfilment and competitive landscape over the last few years.

The internet has interconnected billions of buyers and millions of sellers in a web of commerce. Online platforms today are crowded with sellers, and the competition is fierce. The movement of goods must be accurate and timely while also ensuring that the quality and condition of these goods are not compromised. The current scale of E-commerce transactions has made the supply chain more complex and an effective supply chain management system a necessity rather than a luxury to achieve performance excellence in all aspects of the order fulfilment journey.

Optimizing E-commerce Supply Chain Strategies

Here are a few simple tips for optimizing your E-commerce supply chain.

1. Real-Time Inventory Visibility

Real-Time visibility has never been more critical given the industry’s record-breaking pace of inventory arrivals and departures. Businesses need to know what inventory they have on hand and at what stage of the supply chain it is lying at.

According to the Zebra® Future of Fulfilment Vision Study, the emergence of omnichannel logistics requires an average inventory accuracy of 76%, according to manufacturers, retailers, and transportation and logistics companies. For customer satisfaction, businesses must know the real-time status of their total inventory across their whole organization, including fulfilment centres, storefronts, third-party logistics warehouses, and even their vendors.

2. Accurate Data and Effective Stock Planning

Incorporating the whole risk of stock-outs and lost sales into their total cost of ownership (TCO) calculations, resilient retail players are adopting bold near-term solutions. Automation is a means to improve service levels and reduce the risk of missed sales due to stock-outs in today’s age of high absenteeism and attrition. 64% of respondents to a McKinsey survey of supply-chain executives cite warehouse automation as their top digitalization and automation target.

Using RFID technology, you can have real-time information on your inventory at all times, thus, ensuring the availability status of your products seen by your customers will always be accurate.

Studies have shown that by leveraging RFID, Retail & Ecommerce organizations can automate their inventory data and improve accuracy by as much as 30%. Studies have also shown that with RFID, you can replenish stocks in time to avoid out-of-stock situations by up to 50%, thus, ensuring that your most popular items are always in stock. For more information, Visit https://www.barcodeindia.com/blog/3-ways-to-optimize-e-commerce-supply-chain-with-zebra-hardware/

How Item-level RFID Can Solve 2 Major Fashion Industry Challenges

 

The fashion industry has always been characterized as highly competitive and turbulent. The pressure of quickly delivering the latest trends across seasons in a variety of options to customers, at a price they can afford and keeping enough stocks of the right items makes the industry especially challenging. The industry is also notorious for its short life cycles, high volatility, low predictability, and high impulse purchasing.

Hyper leaps in technology over the past few decades have completely altered the landscape of the industry. Technology has helped fashion and apparel companies to optimize their supply chains and improve their logistics. This has also amounted to higher customer satisfaction, especially with the option of online shopping. Now, not only can a customer browse through catalogues and a range of options and sizes, but they also get to track their orders in real-time until it reaches their doorstep.

One of the technologies that have revolutionized the fashion and apparel industry is RFID. It has given companies much better control of their business by keeping a close eye on their existing inventory stocks and valuable real-time data about sales across multiple channels. In particular, RFID item-level tagging has helped companies further improve their business. Read more....

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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.

Read more, Visit https://www.barcodeindia.com/blog/looking-for-the-best-asset-management-system-for-your-company-heres-what-to-keep-in-mind/

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.

Read More Visit https://www.barcodeindia.com/blog/3-ways-rfid-technology-is-driving-sustainability-in-the-retail-industry/

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.