The hit-or-miss nature of traditional tracking and tracing in the supply chain can be costly to manufacturers. Contamination, damaged products, inventory discrepancies, and unfulfilled orders are just some of the things resulting from human error and inadequate procedural controls.
As distribution and fulfillment operations become more complex, many companies abandon their outdated manual processes and move to automation. While manual methods were once effective, they cannot keep up with e-commerce in 2021.
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Automated Storage and Retrieval Systems (ASRS) automate the handling, storing, and retrieving of inventory within a warehouse with minimal human intervention. By automating storage, businesses can eliminate labor-intensive tasks involving repetitive physical work, along with the manual data entry and analysis that go with it.
Electronic commerce, better known as e-commerce, is about buying and selling, making money transfers, and conveying data over the internet. Among its many advantages, it permits conducting business without the restrictions of time and distance.
Suppose you have been considering an Automated Storage and Retrieval System (ASRS) to enhance your manufacturing, warehouse, or materials handling operations. In that case, you are likely well aware of these systems' advantages to many other organizations.
Designing a warehouse that is organized and functional means selecting a storage system that meets your unique requirements. Because this can be a relatively significant capital investment, the system must fit with your warehouse floor plan and processes. Otherwise, it could impair your efficiency and throughput.
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Warehouses play an essential role in the supply chain. One that is efficiently organized will contribute to the business’s success and its bottom line. On the other hand, a less organized facility will hinder productivity, waste valuable space, increase costs, and jeopardize your customer service initiatives.
Retail e-commerce sales have reached new heights this year. In May 2021, the Census Bureau of the Department of Commerce announced that U.S. retail e-commerce sales for the first quarter of 2021 were at $215.0 billion. This figure represents an increase of 7.7 percent over the fourth quarter of 2020, and a whopping 39.1 percent more than the first quarter of 2020!
eCommerce third party logistics (3PL) fills a very specific need in the ecommerce industry by making it easier for e-retailers to get their products to customers efficiently. As behind-the-scenes partners, they have a direct impact on a seller’s customer service and profitability. They also allow sellers to focus on product development and business growth strategies.
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Ecommerce is growing, and customer expectations for accuracy and fast delivery are rising. Unfortunately, the workforce you rely on to meet these expectations may not be growing at the same rate.