Good inventory management allows you to carefully control your inventory count, spend, and purchase decisions to ensure that your inventory levels best meet your business needs. While minimizing inventory can save you money, decrease taxes, and decrease the risk of dead stock and over-date inventory, it is crucial that …
Definition of RFID Tags RFID tags are a type of tracking system that uses smart barcodes in order to identify items. RFID stands for radio frequency identification, and as such, RFID tags utilize radio frequency technology. These radio waves transmit data from the tag to a reader, which then …
A Definition of Warehouse Racking An essential part of warehouse infrastructure, warehouse racking can hinder or accelerate warehouse operations. With proper warehouse racking, warehouse managers maximize space and optimize warehouse organization for efficiency and a streamlined picking process. Warehouse layout plays a major role in warehouse racking, as aisle …
A Definition of Warehouse Management System A warehouse management system (WMS) is a software solution that streamlines daily warehouse operations. WMS solutions give managers a central location to manage tasks like inventory tracking. WMS programs may be part of a larger Enterprise Resource Planning (ERP) system, or they may …
A Definition of CMMS Software Computerized maintenance management software (CMMS) is computer software designed specifically to simplify maintenance management. A CMMS stores your maintenance data on a computer and gives organizations the ability to track work orders, generate accurate reports, and immediately determine which assets required preventive maintenance. Organizations …
Warehouse inventory management may seem like a relatively simple process on the surface. After all, it’s inventory in, inventory out, right? In reality, managing warehouse inventory is a far more complex undertaking, so much so that various schools of thought have formed around the best approach to effective inventory control, …
A Definition of Warehouse Optimization Warehouse optimization is key to the efficient operation of warehouses of all sizes. A disciplined process, warehouse optimization includes automation and a determination of how to save time, space, and resources while reducing errors and improving flexibility, communication, management, and customer satisfaction. Other warehouse …
Warehouses play a key role in the supply chain. A lean, efficient warehouse keeps businesses running efficiently; therefore, warehouse organization can make or break a business’ bottom line. Effective warehouse design certainly encompasses layout and space optimization, but it also includes warehouse labeling and racking, warehouse management software systems …
In the supply chain, risks abound, impacting every facet of the business. From physically securing product throughout the supply chain to ensuring shipping accuracy, knowing the origin of your products (where your suppliers’ facilities are based) to gain a clearer risk profile, and more, there are countless risks that …
A Definition of Supply Chain Logistics Because so many organizations make up a supply chain, the logistics involved in getting products and services into the hands of the consumer can be mindboggling. Known as the backbone of global trade, supply chain logistics is a network of transportation, warehousing, and …
