With the ever increasing competition all companies are facing today, improving a company’s inventory management strategy and performance has become a matter of utmost importance in the world of business. Improving performance in this aspect can provide a company with a definite and measurable competitive advantage over other firms. This will allow a company to remain, and most importantly thrive in the market!
Our Inventory Management Solution offers precisely that. With the benefits your company will get, it will be able to improve its productivity as well as increase both customer and employee satisfaction. Your customers will trust your company as its business of choice due to its ability to deliver its products in top condition and on a timely basis.
The following are specific advantages of hiring an Inventory Management Solution that stands behind its services:
Reduce your Order to Ship Cycle by 75%
In this fast-paced world, we have been accustomed to wanting things as fast as possible. Not being able to deliver a product in a timely manner may mean the customer will look for another company that does distribute it efficiently. That can be your company if you are able to reduce your order to ship cycle. This is where we come in to help. Due to our extensive experience in the field, we are capable of analyzing your company’s processes in order to speed up delivery times. At the same time, we will help you by reducing related costs while still keeping optimal productivity.
From the time the order is made up until the products are shipped, including the planning and inventory management segments, we will use proven techniques to reduce your order to ship cycle by 75%.
Eliminate Paperwork Bottlenecks and Digitize your Supply Chain
One of the main reasons why companies may not be able to deliver their products on time are paperwork bottlenecks. Some of these are usually unnecessary and also have a negative impact on your employees’ morale and your company’s finances. By digitizing your supply chain, you will be able to decrease delays, save money, and use resources in the most optimal way. Using technology to your advantage will ensure your company will stay competitive in the marketplace while being able to provide your customers with value.
Being able to access and process your supply chain on a systematic way will allow you to eliminate undesirable and detrimental paperwork bottlenecks. Having all the systems online in the cloud will ensure that employees will have a secure platform in which they can see supplier relation records and orders regardless of their location. Starting from purchases of raw materials and ranging from e-invoices – which has allowed some companies to save up to $505 per supplier’s invoice –, to approval cycles, and methods of payment, digitalizing your supply chain will improve both your employees’ and your company’s productivity.
Taking away the burden of unnecessary paperwork bottlenecks is a necessary requirement to keep your business running efficiently.
Other benefits derived from supply chain digitalization are improved relations with your suppliers, increased data security, and a heightened sense of social responsibility by saving the environment by using less paper for its processes. This environmentally-friendly activity may also be communicated to shareholders including customers and people in general in a friendly manner to strengthen your company’s reputation.
Eliminate Embarrassing and Costly Mispicks to Make your Customers Raving Fans
According to a study made by Intermec, mispicks cost companies an average of $390,000 annually. Mispicks are financially harmful. They are also unfavorable to a company’s reputation and are downright embarrassing when they happen.
Mispicks can happen in many occasions including when:
- The incorrect product is delivered.
- An additional and incorrect product is delivered along with the correct order.
- The quantity of items picked isn’t the same as the quantity ordered.
- One or more products were omitted.
- The product is in poor condition.
- A product is mislabeled and it was picked mistakenly.
On that same study made by Intermec it was estimated that on average every time a company incurs in a mispick, it costs the company $22. Along with the financial burden of mispicks, they can also be a cause of rage among customers for obvious reasons.
Our Inventory Management Solution will recognize the causes of mispicks in your company and apply tested techniques to eliminate them. Our goal is to make your clients raving fans of your company. They will naturally realize that you are always able to deliver the exact product they requested in the time promised.
Save time and Increase Tracking Visibility with Automated UPS/FedEx Integration
There isn’t a better way to expedite deliveries than with the Automated UPS/FedEx Integration. Manual processes prone to errors such as label printing and manifest formats will be eliminated. You will save time for both your company and your clients. You will be able to provide automatic and competitive shipping rates to your customers when they place an order online. You will also be able to give your customers the possibility of selecting shipping priority in case they need the product urgently. This is perceived by clients as an added-value service.
Increased tracking visibility which will allow you to ship orders on time is also a good reason to make use of the Automated UPS/FedEx Integration. Last but not least, your customers will be able to track their orders and feel more informed about their product and delivery dates.
Leverage 2CP’s Integration with Magento, WooCommerce, NopCommerce, Xcart, and More!
Integrating the Automated UPS/FedEx system is just the first step towards providing a top service to your clients. Integrating payment processing with online shop platforms and open-source management systems is the next step. With our Inventory Management Solutions, we will leverage the integration allowing your company to make its processes more efficient so you can focus all of your efforts on your “core” business. With this integration, customer and payment invoices and records will be automatically created and updated. Accounting will be made much easier. Other platforms can also be integrated providing your company with unmatched synchronicity between all its processes!