As a company, you should always be looking for ways to improve logistics processes. Staying complacent is not the best way to run your business. You may be thinking, “what I do now works fine,” but that doesn’t mean you shouldn’t look for ways to improve. Making improvements to your processes helps you improve your business and make more money. Let’s dive into five ways improved processes helps improve business.
Gain a Competitive Advantage
Making money is the only way to keep your business afloat. If you’re not making money, you’re in trouble. Companies struggle to make money for a few reasons, one being producing poor-quality products or services. Those companies don’t tend to stick around too long, but what about companies that have quality products? Why do they struggle to make money? The answer is competition.
Your company needs to consider what its strongest competitors are doing and stay ahead of the competition. Making continuous improvements to processes with the use of a real-time location system (RTLS) can help you stay ahead. Technology is the number thing companies are investing in to improve their strategies and processes. Making your company better than it is, means you keep your competition on their toes and you can make changes to be better than them.
Improve Customer Relationships
Your customers are the reason your company exists. Your company found a need among consumers needing to be filled. When your customers are happy, so are you. When you make efforts to improve your logistics processes, whether you realize it or not, you’re making efforts to improve the customer experience. Improving processes can mean a shorter shipping time or increased transparency. Either way, your customers will be happier with their experience doing business with you. A happy customer will come back again and again and tell their friends about the positive experience as well. Gaining you even more customers down the road.
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.
Optimize Your Warehouse
When you improve processes, your warehouse will become better optimized. Optimization within your warehouse comes in a few forms. This first is how you manage your inventory. If you struggle with misplaced inventory or lack communication regarding your inventory, an RTLS can help. Unlike manual management, RTLS gives you the current location of the inventory being stored in your warehouse. The second piece builds off of the first, understanding how efficient your warehouse is. Seeing where your inventory is can help you understand how the space in your warehouse is being used. You can compare the usage of different tools, stay up to date with maintenance, and get insight into how well your processes perform. Without this vital information, you’ll be unaware of areas that could be improved or enhanced.
Loss is one of the biggest issues logistics companies face. Whether inventory is misplaced in the warehouse or a pallet is lost while in transit, loss is seen by companies every year. Loss of inventory leads to increased costs, which add up significantly over time and ultimately create delays.
RTLS solutions help you see where your lost assets end up. Maybe a pallet wasn’t returned to the right place, or maybe it wasn’t returned at all; instead of spending time searching for and money to replace inventory, you can see where it is and get it back. Even more, if you find a lost pallet on the side of the road, you can evaluate what happened leading up to its loss so you can take the necessary steps to prevent loss in the future.
Use Accurate Data
Having accurate data is vital for managers to have. If a manager is looking to make a decision, from purchasing inventory to adjusting schedules, using an RTLS can improve the decision making processes. RTLS systems provide real-time data, meaning the most current information. Relying on paper or even barcodes is unreliable. With manual record-keeping, you only know the last known status of what you’re looking for, that is, if the information was recorded properly. That doesn’t account for forgetfulness or anything that may have happened since the last known status.
RTLS helps managers make wise spending decisions. Real-time data shows accurate inventory levels so managers can order as much as they need and no more. If managers don’t can’t account for all the inventory they’re supposed to have, they’ll end up ordering more to meet their numbers when they had the right amount of inventory all along.
How to Improve Processes
Now that you understand the importance of improving logistics processes, let’s break down how you can improve those processes. As mentioned earlier, RTLS systems are technology systems that provide real-time information to users. These systems show the location of valuable assets in real-time. AirFinder, our RTLS solution, gives managers insight into how efficient their warehouses are. They can see the location of missing inventory and identify areas of improvement within their everyday processes. This technology is the innovation managers need to implement to improve their entire supply chain. When managers can see what’s happening in their warehouse, they can make adjustments where needed.
Are You Ready to Better Your Company?
If you want your company to gain a competitive advantage, improve customer relationships, and optimize your overall warehouse operations, asset tracking can help! Visit our website or book a demo with our team to learn how our solution can help you improve your logistics processes and provide the benefits discussed above.