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Take stock of your business with RFID solutions for inventory management. You’ll gain nearly 100% accuracy and end-to-end visibility of your inventory, anytime, anywhere.
Inventory visibility and control are critical to smooth warehouse operations. But for many companies managing inventory can be rough, with interrupted operations, inaccurate data, stock recounts, manual errors and plenty of overtime. No wonder many companies count their stock only once or twice a year.
Here’s how Stora Enso’s inventory management solution, enabled by radio frequency identification (RFID) technology, can benefit your business.
Stora Enso’s RFID solutions for inventory management help you quickly and accurately identify and report the inbound and outbound movements of enormous volumes of items. They also help to automate reordering, invoicing and stock-taking.
With RFID-enabled inventory management, you will know exactly which items are in stock, which are being picked or put away, which packages are nearing their expiry dates, and which items are running low and require replenishment.
RFID readers outperform barcode scanning in both speed and accuracy. No line of sight is needed, and many hundreds of packages per second can be read automatically. You can mount unattended readers on forklifts, gates, dock doors and transition points to automatically identify and record all packages that pass through.
Excess stock is bad news. It leads to write-offs, raises the risk of obsolescence, requires physical space for storage, and costs needless amounts of money.
Using reliable, real-time data helps you reduce stock levels and thus capital tied up in inventory. Intelligent, RFID-enabled packaging enables suppliers to improve production planning and avoid the need to react to extra orders.
RFID tags automatically generate and report data when they are read. So, less labour is needed and you can free up workers to do more value-adding tasks. You can drastically reduce errors and time spent on error resolution due to manual counts and recounts.
Because you can pinpoint the exact location of each item or package anywhere in the supply chain, you avoid overstocking, understocking and delivery delays. And when you are able to take inventory without interrupting operations, your business can become more productive.