Streamline Operations With Innovations in Enterprise Labeling
by Maureen Perroni, on June 25, 2018
Everyone wants their operations to move faster and more efficiently. That can be a difficult goal to achieve, though. Manufacturing processes are complex, and managing all of the moving parts involved is quite challenging.
Enterprise Labeling Solutions provide a new level of predictability and control, giving you the ability to streamline operations. Streamlining your operations can save you thousands, if not millions of dollars. Enterprise Labeling Solution help you accomplish keep operations on track and running smoothly by reducing errors, saving time, and reducing costs.
The Challenges of the Supply Chain: Supplier Inventory Warehousing and Handling
Two sources of challenges in the supply chain are supplier inventory warehousing and handling. These challenges stem from a single source, though – labeling. When shipments aren’t properly labeled, it costs your organization more money.
What kinds of challenges does labeling create? When a label doesn’t contain the right information, the shipment might not make it off the boat or truck. Shipping labels must meet certain regulatory standards in order to enter a country, and they must also comply with customer requirements so the shipment will be accepted.
Relabeling can be an expensive, time-consuming proposition when it’s done manually and that can still lead to further errors. And, if the shipment doesn’t leave the warehouse on time, you're left with disappointed customers.
How Can Enterprise Labeling Streamline Operations?
With streamlined operations your business will experience fewer errors, time will be saved, and costs will be reduced. But how doEnterprise Labeling Solutions fit in?
For a start, Enterprise Labeling automates label printing. It integrates with your business applications, drawing information from them to populate label fields automatically. No more errors due to manual label creation – instead, you’re drawing from a source of truth for label data and can be confident that your labels are correct, every time.
Moreover, Enterprise Labeling Solutions empower your supply chain partners to print the right labels themselves. With a browser-based Enterprise Labeling platform, your supply chain partners can access approved label data and templates to print labels.
An Enterprise Labeling Solution can potentially save you millions of dollars, too. One of Loftware’s customers, a large chemical company, calculated that by eliminating the cost of relabeling, it could save $20 million in carrying safety stock for two days, which would also save $800,000 in interest on raw materials and $1.75 million in storage costs. That freed up $25.5 million in capital!
Your company no longer has to be held back by inefficient processes related to labeling. The right Enterprise Labeling Solution can help you streamline your operations by integrating with business applications, reducing manual errors, and automating label printing across the entire supply chain (not just at your headquarters) to increase visibility and dramatically reduce costs. To learn more, download our report on Enterprise Labeling and the Supply Chain.