No matter how efficient you may think your supply chain is, there will always be setbacks that will hinder your supply chain from reaching its full potential. However, finding ways to improve supply chain efficiency is something that your business should constantly be doing. A healthy supply chain promotes a healthy company by ensuring that all of your business strategies will come together exactly when, where, and how they should. At Link Labs, we believe that asset tracking is the key to fixing all of your supply chain inefficiencies. Continue reading to learn how asset tracking can rescue your company from supply chain inefficiencies today!


 

Increase Your ROI by Investing in AirFinder Everywhere

  • Loss Prevention. Reduce the amount of loss that occurs during the supply chain process
  • Location Coverage. AirFinder Everywhere uses a combination of GPS, Cellular, and WiFi to determine location everywhere
  • Security Alerts. Know when a delay in shipment has occurred so the problem
    can be addressed immediately.

 

Eliminating Supply Chain Inefficiencies

Ensuring Compliance Through Predictive Maintenance

Meeting compliance regulations is vital to any company’s success, but it can be hard to do on your own. Asset tracking can ease the compliance process. One of the most important ways to keep your supply chain efficient and compliant is by ensuring that your machines and vehicles are on a regular maintenance schedule. This schedule will keep your equipment up to date with compliance regulations and help prevent common failures that will inevitably occur. Not only is having your assets on a regular maintenance schedule beneficial for supply chain organization, but it is also beneficial for your employees' safety. 

Reducing Unnecessary Costs

No matter the size of your business, every company looks for ways to eliminate unnecessary costs. An asset tracking solution can reduce costs through data collection from various devices, detailed reporting, and real-time data insights. This asset tracking solution will assist your company in reducing transportation costs, promoting cost-effectiveness with vendors, preventing unnecessary replacement costs that come with loss and theft, and practicing shipping consolidation.

Preventing Loss & Theft

By having a clear understanding of where your assets are located throughout a full workday along with the status of the assets, your supply chain can easily make changes that will reduce the total amount of asset loss and theft. An asset tracking solution allows for greater visibility of assets that helps supply chain managers better manage their assets. One example of this is the tracking of returnable pallets in the supply chain. At times while in transit, these returnable pallets can become lost, damaged, or even stolen. Through asset tracking, companies can reduce the amount of pallets lost by tracking each individual pallet via a real-time IoT software. A tracking system  is the simplest method to accurately locate your asset quickly.

Optimizing Processes

An asset tracking solution provides supply chain managers with crucial data that can be used to optimize processes. The data received through the asset tracking solution can be used to determine where companies can cut unnecessary costs and improve supply chain efficiency. An asset tracking solution enhances your company's ability to plan how efficient you want your company to be in the future.

Why Asset Tracking?

Every company’s needs are uniquely different when searching for the perfect asset tracking solution. However, every company's supply chain can benefit from the increase in efficiency that comes with an asset tracking solution. 

Through our research, we have learned that losing track of inventory data, vehicle location, scheduled maintenance on machines, vehicles, and physical assets, or any other part of the supply chain can result in severe consequences for your business's bottom line. With asset tracking, your company is provided real-time visibility to ensure nothing is forgotten or left behind. Asset tracking in the supply chain is also valuable through its ability to reduce the errors that generally occur with manually tracking your assets. 

Why Choose Link Labs?

Link Labs offers a comprehensive IoT asset tracking solution for managing supply chain efficiency. Our solution, AirFinder Everywhere, is an easy-to-use and affordable solution designed for dynamic, movable assets in hybrid environments. Therefore, our solution can track the status of the assets in your supply chain indoors, outdoors, and everywhere in-between. If you want to learn more about Link Labs, asset tracking, and the many benefits that we can provide to your supply chain, visit our website and book a demo today!

Supply Chain Inefficiencies? Asset Tracking to the Rescue

Written by Carson W. Garner

Carson W. Garner is a proactive business development and marketing professional with the goal of turning opportunities into sales. At Link Labs, Carson is heavily involved with project management, sales, customer success, and he hosts Link Labs' podcast Get Linked. Holding a Bachelor of Business Administration Degree in Marketing, Carson brings creativity, vision, organization, and dedication to the Link Labs team.

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