Inventory Management Optimization
Transform Operations with the Power of Intelligent Automation
A modern approach to inventory management that leverages automation to drive success an business outcomes.
Reduce operating costs by removing manual processes and error-prone tasks.
Scale supply chain operations in a dynamic setting using greater data accuracy.
Automate to Accelerate
Advanced automation technologies help you reduce costs and accelerate processes. It’s the most critical solution you can use to fill the gaps and meet the challenges you face every day in optimizing your warehouse inventory management and supply chain.
A lack of automation means organizations must depend solely on employees to track stock levels, related sales, financial data, and supply chain activity. Automation can remove any employee barriers and is applicable to an abundance of industries.
When strategically implementing automation of inventory management, your organization can realize lots of advantages that contribute to revenue, meaningful work for employees, and a competitive advantage.
Process orders and customer delivery more efficiently.
Meet inventory demand fulfillment.
Access real-time data on warehouse inventory.
Track tasks related to inventory management.
Increase accuracy in stock transferring records.
Increase reporting visibility on multiple locations.
Alleviate the Pain Points of Inventory Management Optimization
Inventory management can cause many challenges, including:
Burdens of data entry and the human errors associated with it
Workers who are frustrated and disengaged because they are reactionary resources, not proactive problem solvers
Lack of traceability to identify issues
No access to clear insights on processes
The need to strengthen supply chain resiliency to ensure greater flexibility and an ability to meet demands in real time
Removing these pain points requires an innovative approach to inventory management, supported by intelligent optimization.
Intelligent Automation can reduce manual task entry by up to 95%.
6 Use Cases for Automated Inventory Management
Automating Order Entry
Manufacturers often have fluctuations in demand. In peak times, it can be a race to manage all orders. A shoe manufacturer had this issue and previously added more staff during its busy season. By leveraging RPA, they automated order entry and saved money on labor while improving accuracy.
Buyers Need Supplier Status
Ashling customer Oshkosh Corporation manufactures emergency, industrial, defense, and postal service vehicles. They came to us with an inventory bottleneck. Buyers had to send up to 150 emails a day to check on supplier fulfillment. These tasks required many hours, keeping them from being productive in other areas. The solution was to automate this process. As a result, the buyers had more time to develop alternative suppliers.
Hospital Operations Medication and Supply Inventory Management
Hospitals have massive amounts of medication and supplies required to treat patients. The operations arm must manage stocking, ordering, and logistics, which are often manual processes. The larger the facility, the more challenging it becomes. Automation technology eliminates the manual aspect and supports overall operational efficiency.
Grocery Store Inventory Management for Online Orders
Grocery stores pivoted during the pandemic to offer buy online pick up in-store (BOPIS), and delivery. However, just because a customer orders something doesn’t mean it’s in stock. Real-time availability provides a better experience for shoppers and less work for those picking the items, who may otherwise have to find alternatives or update information manually.
Adopting RFID to Drive Accuracy
Warehouse operations spend the bulk of their budget on labor. However, those workers aren’t providing the most value they could if they’re stuck with manual auditing. Infusing automation related to RFID tracking reduces the cost associated with auditing, ensures more accuracy of inventory throughout the stream, and enables workers to work on higher-level needs to support the business.
E-Commerce Order Fulfillment in Real-Time
By automating e-commerce inventory management, companies can be very specific on availability and when the item will arrive. Consumers expect this, as the largest players in the space emphasize these points. When shoppers are confident that they’ll have the item in time for holiday gifts, special occasions, or other time-sensitive needs, they’ll be more apt to purchase, which can boost revenue.
The Latest Posts on Inventory Optimization and Intelligent Automation
Which Processes Can Be Automated Using RPA?
Most businesses are eager to be faster and better at their core competencies. They need to innovate and accelerate to achieve business goals, improve efficiency, reduce costs, and create more value for their customers.
How Automation Creates More Meaningful Work for Employees
The concept of meaningful work primarily has to do with employee satisfaction and fulfillment, and businesses that take this need seriously stand to capture greater value with staff doing more than transactional inputs.
Why Automation in Healthcare Improves Employee Satisfaction
In healthcare, much of the discussion about satisfaction revolves around the patient experience. With such an intense focus on patients, employee satisfaction is often an afterthought. However, it is just as important.
The High Cost of Registered Nursing Turnover—and How Automation Can Help
As the healthcare industry attempts to rebound, it will need new tools to recruit and retain registered nurses. One key factor will be automation, which can reduce administrative strains on these employees when deployed.
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Leverage the Power of Intelligent Automation to Improve Inventory Management
The need to respond to internal and external expectations means your inventory management system must be proactive and modernized. The best course of action is intelligent automation (IA). When you leverage the power of IA, you’ll infuse traditional operations with new energy, gaining cost savings and a competitive edge.
Begin your journey to optimized inventory management today by scheduling a consultation with our experts.
Begin your intelligent automation journey today
Our team is ready to guide the way.