Fleet Management & Forklift Safety Blog

Why inventory tracking is foundation of boosting warehouse productivity

Posted by Brian Quigley, Director of Client Services on Dec 29, 2015 4:00:00 AM

inventory_accuracy.jpgDo you know the exact location of all pallets at all times? Do you have a fool-proof way of tracking inventory?

An operation that relies on dated methods or, even worse, the memory of workers to locate inventory is wasting time and money. If you spend time chasing inventory, the productivity of your operation automatically suffers.

Although advanced Warehouse Management Systems are capable of inventory management to ensure that inventory is handled in the most efficient manner based on forecasting and business rules (FIFO, LIFO, or more complex rules), it is important to keep the following in mind: In order to take full advantage of the WMS’s capability, inventory needs to be specifically targeted and moved in exact order at precise times.

TotalTrax allows you to track inventory and truck location to the inch, enabling drivers to locate pallets with ease while also using the fastest and safest route. The benefits of such detailed insights are manifold. Just ask one of our clients who deployed the Sky-Trax Solution to combat mounting inventory errors and rising penalties for noncompliance of on-time delivery.

The company:

  • Increased productivity by 30 percent.
  • Reduced its forklift fleet from 24 to 16.
  • Cut penalties for noncompliance from $250,000 to zero.

 A senior consultant commented:  

“The new system has freed up people’s time to do the things they are supposed to do instead of firefighting. Having ten people line up outside the manager’s door with problems of lost pallets is no longer a problem.”

And there’s more: Virtual turn-by-turn directions can be added to existing vehicle-mounted terminals. The system highlights the correct pallet, helping your drivers save time searching for inventory and reducing training time for new drivers. Since moves are recorded in real time, errors can be caught and corrected immediately, preventing inventory disorder from ever happening. Using the TotalTrax solution in combination with the right WMS can enable true interleaving and supercharge e-commerce operations.

In summary, tracking the movement of each pallet by the second to the inch provides a path to 100 percent inventory accuracy. The seamless communication between the vehicle-mounted terminals and the graphic user interface gives drivers access to a range of data that can be used to rezone or reslot the warehouse and reduce shipment errors, obsolete inventory, buffer stock, and outbound quality assurance inspections.

It is, as the saying goes, a win-win.

Topics: inventory accuracy, interleaving, Sky-Trax, real-time tracking, WMS