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There is no doubt that the right barcoding solution will help you turnover more stock and output more orders with less staff. The anecdotal evidence is there, but how do you convert that into a meaningful report for your management team or board of directors. You need to know where to start.
Direct labour costs consider all benefits including wages, superannuation, bonuses, taxes etc
Reduction in Inventory greater accuracy, better visibility, less safety stock
Reduction in Inventory Holding Costs lower rates of obsolescence, expiry, scrap, loss, deterioration, shrinkage
Potentially Lower Warehouse Costs some companies can benefit from the less stock, less space, less staff, less operational and property costs equation.
Less Data Entry Less data entry, verified data transactions from the source.
Work Duplications Elimination of double‐handling of receipts, picks, production orders.
Improved Staff Morale Less frustration, access to real‐time data and less pressure from customers and colleagues.
More Confident Decision Making as the data is more accurate, the staff and management feel more confident in their decisions.
Better Materials Usage Rates - More efficient use of raw materials including reductions in scrap and wastage
Indirect Labour Costs expected productivity gains, less management intervention.
Operational Efficiency - Real‐time data prompts replenishments, reorders, cycle counts, enables immediate backflushing of materials, increases picking accuracy, directs the warehouse team to picks and putaways.
Inventory Accuracy expectations of close to 100% accuracy.
Customer Service and Retention Better and faster service levels, more accurate order fulfillment; it is approximately 5‐10 times more expensive to acquire a customer than to retain an existing one.
Therefore you can:
 Lower Wages And Super Commitments
 Lower Taxes And Workers Comp Insurance
Faster Access To Stock And Order Status Information
Better Accuracy Of Data
Reduction In Credit Notes And Wrong Shipment
Interface With Exact
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