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Identifying the Key Component in your Inventory Management System

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Given the constant waves of changes gripping supply chains across the nation, Avalon Integration has continuously researched and studied inventory management optimization to help clients best prepare for changes. A lot goes into creating a dependable system, yet without it, businesses run the risk of:

  • Out-of-stock fees
  • Overworked employees
  • Higher production fees
  • Increased carrying costs and travel times
  • Negative brand identity 
  • Missed sales

Consequently, we called the experts to help pinpoint some of the crucial components to consider when developing a modernized inventory management system.

What to expect from a modernized inventory management system:

As previously stated, because every business is unique, there is no one-size-fits-all inventory management solution available. However, it’s safe to assume that your system must aim at maximizing visibility, agility, and accuracy to remain competitive in today’s now-economy. While it’s impossible to categorize one component as the most important factor in your inventory management system, we can help you identify your system’s goals to better specify your system’s needs. Below are a few goals modernized inventory management systems should strive to achieve:

Modernized Inventory Management Systems

Goals your modernized inventory management systems should strive to achieve

  1. Expanding the availability of actionable insight – One of the top benefits of a modernized inventory management system is the actionable insight it can provide regarding purchase patterns and areas of optimization. Actionable insight can help you reduce costs, provide customer-centered service, and mitigate product loss/theft. Avalon can help expand insight availability with Zebra’s mobile computers, built to secure maximum connectivity, so your workforce can stay up to date on any supply chain changes when and where they occur.
  2. Optimizing storage for lower costs – If left unchecked, deadstock can begin to drain your budget in increased carrying costs and depreciated values. When seeking to lower storage costs, Avalon recommends boosting end-to-end visibility with real-time locationing services such as Zebra MotionWorks. Adaptable to change, real-time visibility allows you to monitor moving inventory, giving you an overview of hidden opportunities in the warehouse, in the yard, and anywhere else you need it.
  3. Accelerating order fulfillment without promoting inaccuracies – Late and inaccurate orders affect customer loyalty. With average order fulfillment times getting shorter, it’s no surprise more warehouses have made speed their goal. To reduce data entry time and shorten travel paths, RFID-powered solutions and tracking can save time by capturing multiple codes without a line of sight. By implementing readers at the loading dock, you can accelerate order verification before shipment, eliminating wasted time and labor.
  4. Facilitating customer tracking and order changes – According to Zebra’s 2020 Shopper Study, over 80% of retailers either provide or plan to provide mobile ordering by 2021. Because customers expect to be able to track their online orders, the visibility that connects to your customers becomes a vital necessity. To preserve identification, we recommend investing in durable labels and accurate scanners that work both in the warehouse and on the field. Zebra’s Certified Consumables still stand as your best option in protecting inventory identification due to their strong adhesives and surface coating.
  5. Maximizing worker performance without increasing training times – As more orders come in, your workforce must find a way to continue meeting deadlines while increasing pick rates. High labor turnover rates make this difficult as companies can spend as much as $7,000 in merely training expenses alone. If your goal is to simplify onboarding while increasing performance, simplicity becomes your crucial component since user-friendly systems can diminish the likelihood of human errors. Equipping your workforce with easy-to-learn technologies such as Android’s familiar OS can help lower training times by as much as 90% to make sure employees can access and navigate inventory management systems as early as possible.

Didn’t see your goal listed? Contact our specialists for a free evaluation of your enterprise objectives and see how you can tailor your inventory management system to meet goals and exceed expectations.

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Tips and Hints: How Fast Becomes Faster

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Today’s supply chains are fast, but in a world where you can have designer shoes delivered by a flying drone in less than 30 minutes, the question remains: How much faster can the modern workflow get? Between new delivery services, changing social platforms, and revolutionary technology, the on-demand market becomes increasingly more demanding as customers expect faster service.

Serving a wide range of clients across the U.S., Avalon Integration is well aware of the increasing demands made on today’s warehouses. Integrating solutions in businesses both big and small, we can share tips and hints on how warehouses across the globe are turning fast into faster.

Peel and Present Labels Faster

Every Change Counts

Since there are several shapes and sizes to today’s warehouses, it’s only natural that several optimizing strategies have gained popularity worldwide. A few common strategies include:

  • Moving closer to customers – While costly and generally reserved for larger enterprises, moving warehouses and distribution centers closer to customers drastically reduce shipping times, giving companies a higher competitive edge. Furthermore, changes within the U.S. economy (import tariffs, lower tax rates, etc.) have also driven companies to consider new warehouse locations, possibly contributing to the 3372 new private warehouses built within the last decade alone.
  • Investing in automation – Reducing inaccurate order processing from picking to shipping, automated workflows can save companies millions of dollars from return fees, lost assets, and human error. Automation leader, Zebra Technologies reports that 61% of warehouses are already equipping workforces with automated processes designed to maximize accuracy and productivity without overworking employees. Moreover, less worker stress leads to lower turnover rates, saving operations from costly downtime and employee burnout.
  • Expanding inventory visibility – Integrating small changes, such as environment-resistant labels or large-scale RFID solutions, allows workers to quickly locate assets. This ultimately decreases wait times while capturing actionable data. From long-range readers to the latest RFID on-metal solutions, Avalon partners with Zebra to provide an end-to-end visibility solution that elevates productivity.Peel Labels Faster and Present Them
  • Maximizing worker mobility – Faster supply chains mean your workers are moving faster throughout the warehouse. Consequently, crucial warehouse technology much is ergonomic and versatile enough to preserve mobility. Devices such as Zebra’s MC9300 or TC77 are perfect examples of how multiple functions can be combined into one ergonomic device, helping workers complete different tasks without hauling several devices with them.
  • Simplifying “easy” operations – Lastly, in a supply chain, every little task counts; therefore, efficiency should never be spared. In other words, just because something works doesn’t mean it can’t be better. For example, small tasks such as label application can be optimized to cut time spent labeling. Want a closer look? Check out the video below:

Innovation always continues to move forward. While we may not be able to build a brand-new warehouse, Avalon Integration can build optimization strategies centered on your workflow challenges. Stay ahead of the on-demand market when you start your optimization solution with the leaders in efficient innovation.

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