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Inventory tracking using RFID solutions
To gain operational visibility of inventory locations throughout the supply chain loop, a company must track its stock items. An accurate inventory helps businesses to fulfill customer orders on time.
As brands in business grow out of small warehouse into larger facilities, there is a need to accurately track and manage their inventory. With conventional systems that rely on human counting, inventory accuracy decreases over time. Inventory accuracy is particularly important for retailers, wholesalers or distributors, manufacturers who stock high volume of products for different customers and want to gain complete inventory control.
Barcode Gulf Solutions helps businesses with a perfect inventory tracking solution using Radio Frequency Identification (RFID) technology. RFID is a technology that uses radio waves for communication between a tag and a reading device. Each part of stock items is assigned a SKU or stock keeping unit by manufacturer and is printed directly on packaging. These SKUs are used to associate transactions like stock receiving, transfers and issuing.
Inventories are entered in the system with the SKUs, shelf, bin location and quantities. To issue inventory, SKUs are scanned, the location is selected and the quantities issued are entered into the system. Using this technology, businesses can identify individual products and components often at a distance of several metres reducing their inventory time and business efficiency. Using the solution, stock managers can carry out cycle counts to make sure that inventory is accurate.
The benefits of using Inventory tracking solution are as follows:
- It prevents over-stocking or under-stocking of products and components
- It provides stock managers with full operational visibility of what quantities they have on shelf location and when to order additional quantities.
- It helps keep track of the products that are moved from one part of a factory to another.
- It helps to maintain the accuracy of stock inventory in very less time.
To help grow your business with our solution contact us on sales@barcodegulf.net
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