Keeping Supplier Inventory Costs Down Through Labeling
Lots of effort goes into the management of supplier goods, but it’s the physical hand-off from suppliers that tends to involve the greatest demands on time and money. Advanced Shipping Notices (ASN) are widely used, but they do not contain all of the details that warehouse management and receiving require, nor can you be sure that the labels on the boxes and pallets are entirely correct.
An effective alternative is using extended enterprise labeling. New technology means that data can be taken straight from ERPs and merged with supplier actions in a way that allows the shipments coming from suppliers and other partners to be labeled with your own barcodes and data.
Using a standardized labeling platform allows you to make the approval workflow more streamlined, keep the number of templates you have to manage down, and stay on top of constantly evolving requirements.
Making Labeling Easier
By extending labeling processes to include 3PLs and suppliers, everyone can access, print and update labels locally using the information needed for your downstream processes. Best of all, since the data is fed directly from reliable sources like your ERP, you don’t have to worry about whether or not you’ve got the most up-to-date information.
Once it has been implemented, this type of approach requires very little effort on the part of your suppliers. Creating and printing labels for cartons and pallets is already a task they must perform; the only difference in this case is that they’ll be doing it in your desired format.
This means you can say goodbye to relabeling and reduce your inventory. It can help raise the velocity of inbound receiving, and it allows you to respond more quickly to manufacturing course corrections. When you know that supplies are coming in earlier, you can plan accordingly, and it also gives you valuable visibility of all suppliers.
If your interested in learning more about labeling and the consumable products we offer, you can find more information here.
This blog post was based off of an article from Inbound Logistics. View the original here.