Advatix: Your Supply Chain Expert

Advatix is one of the leading Supply Chain Management Companies offering the best services at the right price. We, at Advatix, help different companies to overcome supply chain obstacles. We provide customized supply chain designs that are specific to the companies’ goals, challenges, and opportunities.

We design, develop, and implement result-oriented solutions to ensure efficiency, measurable improvement, and significant cost reduction. Our customized models help the colonies to fix the supply chain problems and find opportunities to grow in the market. Along with supply chain management solutions, we offer inventory management services to the companies.

We have multiple warehouses spread across the globe. Our experts take to assist you with Inventory Planning and Management. Our warehouses are equipped with modern technological tools and systems. With advanced systems like warehouse management system, inventory management system, we provide the best technological solutions.

We help companies reduce the cost of inventory, logistics while maintaining higher manufacturing efficiency, meeting customer demands, and maintaining a balanced supply chain. Through our analytics, we ensure that you have inventory at the right level, right place, and the right time. Our analytics experts will determine the optimal locations for your inventory so that you have the shortest pick path while getting the most productivity from your team.

As your Supply Chain Expert, we identify more efficient, effective means of moving your products. Through the well planned supply chain, we will deliver the products safely to the customers. We will also help you strategize the supply chain,  manage it, design it, build it, operationalize it, and synchronize it. We will also help you in implementing the infrastructure, technology, teams, and processes to ensure that your customers receive the best customer experience while we improve speed and reduce cost.

Engage with us today, and improve your business operations!

Custom-made or off-the – shelf warehouse management system for your organization

A warehouse management system or WMS is a software program that helps warehouse managers manage their inventory. From manual systems to semi-automated systems to automate the entire workflow in the warehouse, the WMS has undergone tremendous changes from the past. Today the warehouse is managed using new-age technology where different aspects of advancements in the field are applied for optimizing the process and closing loopholes.

The warehouse management system includes inventory planning and management primarily along with reporting features. The importance of being able to manage the inventory smoothly is critical, be it manufacturing units, or retailers. It is not just enough to manage the inventory, there needs to be strategic planning that should be part of the system.

 

Features of the inventory management module include:

 

- Detailed tracking of inventory movement, in and out

- Allocation of inventory;

- Schedule movement of inventory

- Labeling, packing and preparing products to be shipped out, as per orders.

- Plan the route of the fleet as a special transport management system

- Loading products and accepting returned products

- Manage fleet and labor on the job.

 

The reporting feature includes preparing specific MIS-related reports that give further insight so that measuring performance becomes easy. Reports are also generated about the fuel consumption, vehicle usage, labor productivity, orders received, orders dispatched, product-wise inventory and movement, and many more need-based reports.

 

The big question that business entities face is whether to go in for off-the-shelf software programs or should they get it developed depending on the specific needs and requirements of the organization. The pros and cons of both sides need to be evaluated thoroughly because there are cost implications here.

 

Using customized software can be a huge investment initially but it is much more effective performance-wise or output-wise. Ready-made off-the-shelf software programs can be cheap with no or little scope of customization that can prove a costly error after some time.

Omni Channel Solutions and services at Advatix

Advatix is a leading advanced supply chain and logistics provider of the nation. At Advatix, we offer unique and customized Omni Channel Solutions, to help businesses excel and grow into leading businesses. We provide help in maintaining the inventory levels, and in managing the customer needs.

 

Our team of experts develops an efficient omnichannel strategy that can expedite the movement of goods in a cost-effective manner. Our unique strategies help our clients to deliver a seamless omnichannel experience to their customers. We develop implementation-oriented designs, that help in enhancing the customer experience by meeting the customer demands, increasing the fulfill rates at a reduced cost.

We believe that an Omni channel supply chain network can easily bridge the gap between brick and mortar stores and online stores. It helps create a smooth transition from one channel to another for the customers. Our leadership along with extensive experience with giant businesses like Amazon, UPS, and FedEx enables us to establish the network and ensure that the inventories are strategically dispersed throughout the clients’ distribution centers in the best possible manner. We also ensure that our clients maintain high standards by providing the best customer service through timely delivery, real-time updates of the order.

Our unique and implementation-oriented approach will help the clients to augment Omnichannel marketing. We build strategies based on the clients’ industry type and only offer implementable solutions. This helps the clients to realize their long and short-term goals, improvise the business processes, and see better results at a reduced cost.

We also offer Market Density Analysis, Demand Based Footprint Design, and Hub & Spoke Models to help the clients identify opportunities to grow and excel in their business. To improvise your business operations, reduce the cost significantly, and grow your business into leading organizations of the market, Visit us today!

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How To Keep a Track on Inventory?

Every business needs to keep an eye on its inventory to take business decisions. This task can be made easier and quicker by using a cutting -edge inventory tracking system. Some techniques that help in managing inventory are-

Forecasting Finetuning

It is important to forecast demands as accurately as possible. The projected sales calculations must be carried out while considering historical sales figure, predicted growth, market trends, promotions, marketing efforts and more.

FIFO Approach

FIFO approach means first in and first out. It means that the goods manufactured first must be sold first, that is, in a chronological order. This is especially important in case of perishable products like makeup, flowers, food, etc. Even nonperishable items get damaged if they keep sitting on the shelf for a long time.

Check low-turn stock

It is important for the inventory managers to spot or identify stock that has not been sold for the last 6-12 months. In such a case, it is prudent to stop stocking them. Promotion strategies like offers, discounts, and schemes have to be run to get rid of this stock. This is because excess stock occupies premium space in the warehouse. The supply chain consulting firms will also suggest getting rid of such stock and save capital and space.

Cloud Based Inventory Management Software

Invest in a high-end inventory management software that can provide real time analytics. This software integrates directly with POS. This helps in automatic adjustment of stock levels every time a sale is made. This helps in keeping a track of the inventory.

Track Stock Levels

As per premium logistics consulting firms, it is important to constantly track stock levels. Using a premium software can help save a lot of money and time and will keep you on top of the things. This also helps in taking quick and well-informed business decisions.


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Benefits of an inventory tracking system

An out-of-stock situation is an embarrassment to brands – a common business mistake that many companies choose to ignore. However, what they do not realize is that by not focussing on this aspect – which according to them is a minor operational issue – they risk losing out on their loyal customers, as well as potential buyers to their competition.

On the other hand, companies cannot risk and invest in maintaining more than the required inventory at all times, because it is their money that is at risk here. So, what is the balanced way out so that the inventory level is neither an embarrassment nor cause a dent into the operational costs? It is the use of a relevant inventory tracking system that helps manage the stocks appropriately. 

 

 

Such a system offers

·         A visual display of the inventory in real-time in a centralized manner. This helps decision-makers as well as the logistic chain to serve customers and their production units optimally.

·         Generates reports that help the management to keep costs under control and make judicious decisions regarding their product line and stocks.

·         Brands are better able to manage their stock positions and hence serve their customers in a much more enhanced manner. It becomes imperative that in such a cut-throat aggressive market, brands go in for logistic consulting in an end-to-end manner so that their entire supply chain can be reformed for a cost-effective business model.

·         The right inventory software helps businesses in forecasting for the future based on trend analysis of the past. The data is generated by the software system – hence, the accuracy of such a system needs to be thoroughly verified before incorporating one into the business workflow.

When selecting the right advisors from multiple supply chain consulting firms, businesses need to seek as much information as possible to ascertain the credibility of the firm.


For Original Post Visit: https://advatixlogisticsupplychain.mystrikingly.com/blog/benefits-of-an-inventory-tracking-system

Use smart inventory tracking system to be updated about your stocks in real-time

In a fiercely competitive environment, supply chains need to be agile and flexible. With e-commerce, logistics has become an important pillar in the success of an organization. When your supply chain is adaptable and versatile, your customers are going to benefit from fast and swift services. It is a big competitive advantage and every organization should put their best foot forward in this domain.

One aspect of optimizing the supply chain is also about planning and managing the inventory optimally. With the use of an intelligent inventory tracking system, situations like stock-out, or, sold out, and unavailability can be avoided effectively. For e-commerce companies, they must be aware of all aspects of the existing inventory. Tracking inventory helps companies be updated in real-time about the stocks so that smart decisions can be taken by the concerned management.

 

The supply chain is the bloodline of your business operations – whether it is outsourced and or in-house. This is why it is important to take key decisions with the help of specialists from the trade. A supply chain consulting firm that is experienced and has the relevant expertise is the right partner to hire and bring on board.

What value add-on can your business get by doing so?

 

One of the most important aspects of appointing a logistics consulting firm is that the consultant can identify the loopholes and the costs that are adversely affecting your business. The consultant will be able to offer practical solutions to help reduce costs – the team of specialists will ensure that the economies of scale are balanced favourably towards your business.

 

Be it a small or big business, every commercial entity out there needs to optimize costs, consolidate vendors, and choose a path, a strategy that is going to help it achieve its bottom lines in the best possible manner. An experienced supply chain consultant will ensure that best practices are implemented to get there soon!

 

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Add Benefits to your business with Logistics Consulting

Many businesses find the cost of warehousing and transporting quite overwhelming. Hiring a logistics expert can help a lot if the business is experiencing regrouping, a growth spurt, or scaling down. They suggest well-planned logistics strategies and plans anticipating the issues that may crop up.

This way, businesses can avoid many costly mistakes that are majorly a result of poor planning. Detailed logistics planning can give the businesses a much-desired edge over the competition by meeting varying customer needs with greater efficiency.

The process that helps in the analysis of business transportation and storage needs, prepares a plan that meets these needs in the most cost-effective, efficient, and safe manner is referred to as logistics planning. Logistics Consulting provides this help to the business bringing them a lot of benefits. They study the flow of work and accordingly determine the best strategy that can give them cost-saving and competitive advantages.

Some businesses may have very unique requirements but still, the way they process their transportation and warehouse products is largely the same. They have to take care to ensure cost-effective, efficient transportation, asset management, and storage space.

Logistics Consultants provides a variety of solutions and services to streamline this process and make it optimally efficient. They help in managing storage and movement of products right from the start to finish. They also help in making transportation quicker and efficient by using the omnichannel supply chain.

These multichannel supply chains serve clients across multiple channels. With one-touch integration provided by these channels, it becomes easier and efficient services. Customer satisfaction is high and they enjoy a fully-integrated shopping experience.

It is for these benefits that many businesses use Logistics Consulting services giving a much-desired boost to their business. Look for an experienced and expert consultant who can identify issues and provide the best solutions to overcome them.

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