Managing product recalls
Market conditions occasionally make it necessary to remove merchandise from store shelves. Companies release new models or factories issue recalls and retailers need to quickly switch out inventory.
Businesses often struggle with the recall process and are unable to account for all of the products within the distribution network. Monitoring inventory through a warehouse management system makes it possible to streamline the recall process. These programs help to track inventory as it moves between warehouses, distribution centers and stores.
An effective distribution network can provide an accurate assessment of product location, increasing the value of the network to the company. New technology makes it possible for firms to track inventory even as it is enroute, allowing firms to redirect shipments. With a clearer understanding of where inventory is, it will take less time for firms to remove unwanted items.
In addition to improving the recall process, a warehouse management system can improve freight management to reduce delays. Accurately recording product information can decrease response times and streamline the order fulfillment process. Fewer delays in processing orders can help companies reduce the number of trucks needed, lowering the cost of the supply chain.
- Reverse Logistics A Key Part Of Company Growth
- Minimizing The Effects Of Product Recalls With Reverse Logistics
- Unlock Capital With Reverse Logistics
- Recycling Products Lowers Production Costs
File Under: Reverse Logistics