Michael Taylor, Supply Chain Consultant
Finding and maintaining the optimal inventory levels is crucial to your business success and growth. Customers expect stock availability, when and where they want it. Stock outs could lead to lost sales and lost customers. On the other hand, excess inventory is nothing more than stagnant cash losing value over time. So, invest in information, NOT excess inventory.
If you have the right information, you can hold less inventory. For your inventory management, the right information must be accurate, complete, continuously updated in real-time, easily accessible, and quickly digestible.
An effective Warehouse Management System (WMS) is a crucial, integrated software control system that improves information and material flows and handling operations within a warehouse. These systems range from the most rudimentary to highly sophisticated offerings incorporating artificial intelligence and robotics. While a WMS is a vital investment, it can potentially be very costly if you have not researched carefully to achieve the desired return on our investment. When implemented effectively and maintained correctly, the right WMS efficiently manages information to achieve high levels of real-time visibility and control, inventory accuracy, throughput and superior customer service.
Supply chains have been digitally transforming for years, the COVID-19 pandemic has put global supply chain networks under intense scrutiny, highlighted their weaknesses and flaws, and forced logistics providers to accelerate digital transformation efforts. Supply chain leaders must balance resilience with cost efficiency and prepare their networks for continuing disruptions
Valenta helps logistics organisations thrive in today’s fast-paced, competitive market with automation technologies such as robotic process automation (RPA), intelligent process automation (RPA + AI) and conversational AI.
By effectively implementing these and other cutting-edge solutions, Valenta enables logistics clients to effectively navigate the complexities of import/export operations and compliance, freight forwarding, shipping and receiving, warehousing, inventory management, transportation management and back-office functions conversational AI.
Replace cumbersome paper processes with OCR/AI-driven extraction technology to process bills of lading, customs and dangerous goods documents, advanced shipping notices, shipping labels, packing slips, etc.
Manual data entry is tedious, time-consuming and prone to user input errors. RPA offers a vast array of benefits including defect elimination, real-time processing, and seamless transfer of data across different platforms or departments.
Automated omni-channel interactions (updates, alerts, etc.) in real time with suppliers, freight forwarders, carriers, 3PL partners, warehouse operators, last mile delivery firms and B2B/B2C customers.
Automated back-office integration of disparate data sources to harmonise purchasing, receiving, inventory management, order preparation, shipping, staffing, sales and finance.
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