If you want to keep track of your inventory throughout your entire supply chain, there are many different innovative tools used to maximize both accuracy and efficiency. Here are some of the most effective tools you’ll want to use for your supply chain, including track and trace software.
Shipping Status Tools
It’s important to know exactly where your shipments are at all times, particularly if you run a large national or international operation. A good shipping status tool will provide you with updates in real-time and ensure you’re always up-to-date regarding the shipment’s progress.
Tools for Order Processing
Order processing is another big aspect of supply chain management, with many areas to keep track of from billing to fulfillment of orders. Certain software on the market will allow for more than order processing, providing users with the ability to integrate sales channels and subsequently account for all of their inventory using a single system.
Warehouse Management Tools
Warehouse management is another vital aspect of supply chain management, which is why there are plenty of great tools available to help manage warehouse operations and inventory. Outsourcing warehouse management has become one of the most cost-effective ways to accomplish this, with many options out there to give you what you need, including options for dedicated or shared warehousing.
Tools for Supplier Management
Supplier management can be particularly challenging due to its complicated nature, but with an effective supplier management tool you can track all of your suppliers and determine which ones are truly beneficial to your supply chain. This will help you figure out which suppliers to switch to or which contracts are worth renegotiating, cutting down on unnecessary expenses in the process.
Security is yet another crucial aspect of supply chain management. With the right security tools, you can keep all of your inventory consistently safe from tampering and theft, while also making sure that employees or others don’t compromise the supply chain at any point. Security cameras and tracking software will be able to alert managers to potential issues with the supply chain, from warehousing to distribution and shipping.
In short, you’ll always know where your inventory is and how your supply chain is performing with the best tools implemented. If you look around for the right tools and the most reputable companies that provide these products and services, you’ll be able to gain total control over your supply chain.