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Last updated on 2024年6月5日

What are the best inventory tracking tools for managing serialized products?

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Managing serialized products can be a complex task, requiring meticulous attention to detail and the ability to track individual items through various stages of the supply chain. Serialized inventory management involves assigning unique identifiers to each product, allowing for more accurate tracking and control. This is particularly important in industries where warranty, repairs, or recalls are common. By effectively tracking serialized products, you can enhance visibility, reduce errors, and improve customer satisfaction. The right tools can make all the difference in streamlining this process, ensuring that each item is accounted for from the moment it enters your inventory to the final sale.

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Vaibhav Deshmukh

Deputy Manager
Matt Parkin, CAPM?

Partnerships @ Fulfil (eCommerce ERP) ?? | LinkedIn Consulting ?? | Top Voice ?? | Speaker ??? | 4x Founder ?? | Career…
Usman Ahmad

L&SCM - NUST'24 | Inventory & WH Optimization | Humanitarian SCM

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1 RFID Technology

Radio-frequency identification (RFID) technology is a game-changer for tracking serialized products. Unlike traditional barcoding, RFID does not require line-of-sight scanning. Instead, it uses radio waves to read and capture information stored on a tag attached to an item. This means you can quickly scan multiple items at once, even if they're packed in boxes or moving on a conveyor belt. RFID tags also store more data than barcodes, providing you with detailed information on each serialized product's journey through the supply chain.

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Vaibhav Deshmukh

Deputy Manager
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Serialized inventory models have individual serial units, each of which have their own unique barcode. Non-serialized inventory models do not have individually barcoded units. Serialization is the assignment of a predetermined code to an item, product or batch, giving it a unique identity to be tracked and traced to its current location in the supply chain or where it had been during its lifecycle. Radio-frequency identification (RFID) is considered a game-changer for managing serialized products because it doesn't require line-of-sight scanning like traditional barcoding.?RFID tags can also store more data than barcodes, providing detailed information about a product's journey through the supply chain.

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Usman Ahmad

L&SCM - NUST'24 | Inventory & WH Optimization | Humanitarian SCM
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Zebra Technologies: Real-Time Tracking: Provides real-time visibility of serialised products using RFID tags and readers. Accuracy: Enhances inventory accuracy by reducing manual errors. Integration: Seamlessly integrates with existing inventory management systems for comprehensive tracking. Scalability: Scales easily with business growth, supporting large volumes of serialised items. Impinj: Automated Data Collection: Automates the collection of serial data, reducing labour costs and improving efficiency. High Throughput: Supports high-volume environments with fast and reliable RFID scanning. Traceability: Offers detailed traceability of serialised items throughout the supply chain.

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Vanesa Carmona Gómez

Apasionada del dise?o, del marketing y de la logística. En constante búsqueda de nuevos desafíos.
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La realización de inventarios con RFID reduce muchísimo los tiempos. Más en entornos en los que tienes que realizar varias tareas al mismo tiempo, como puede ser a tienda abierta. A la vez que estás realizando inventarios, estás atendiendo a clientes. No tener que contarlos manualmente/visualmente, acorta mucho los tiempos. Eso sí, no hay que dejar de lado las diferencias de stock con el inventarios anterior. Es aconsejable realizar los inventarios con cierta periodicidad para reducir las diferencias de stock. Ya sean por: pérdida del producto, robo, ubicación errónea, desperfecto de la etiqueta RFID o que esta faltara. De esta manera se obtienen inventarios lo más exactos posibles.

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Emmanuel Mwamba

Assistant Accountant at World Vision Zambia
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Quick Books Enterprise's:QuickBooks enterprises includes advanced lnventroy management features such as serial number tracking,lot tracking and barcode tracking.

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Elizabeth Borasino

Administradora. Asistente de Gerencia
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A través de la implementación de herramientas de gestión de inventario, donde se pueda realizar seguimiento en tiempo real del stock de los productos, recibir alertas de reorden y actualizar los registros de manera automática. Donde, además se puedan generar reportes detallados de las ventas y gastos en tiempo real.

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2 Cloud-Based Systems

Cloud-based inventory management systems are revolutionizing how businesses track their serialized products. These systems offer real-time data access from any location with an internet connection, ensuring that your inventory records are always up-to-date. They also facilitate collaboration among team members, who can view and update inventory information simultaneously. With robust data backup and recovery protocols, cloud-based solutions provide peace of mind by safeguarding your inventory data against unexpected events.

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Usman Ahmad

L&SCM - NUST'24 | Inventory & WH Optimization | Humanitarian SCM
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NetSuite: Centralised Data Management: Provides a centralised platform for tracking serialised inventory across multiple locations. Real-Time Syncing: Ensures real-time data synchronisation, keeping inventory records up to date. Scalability: It easily scales to accommodate business growth and increased inventory volumes. Integration: Integrates with other NetSuite modules and third-party applications for a seamless workflow. Fishbowl Inventory: Cloud Access: Offers cloud-based access to inventory data, allowing remote management and real-time updates. Serialized Inventory Tracking: Supports detailed tracking of serialized products, including purchase orders, sales orders, and returns.

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3 Mobile Scanning Apps

Mobile scanning apps are an efficient and cost-effective solution for serialized inventory management. They transform smartphones and tablets into powerful scanning devices that can easily read barcodes and RFID tags. The portability of mobile apps allows you to conduct inventory checks on the go, reducing the need for bulky hardware. Additionally, these apps often integrate seamlessly with your existing inventory management software, streamlining data entry and minimizing errors.

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4 Data Analytics

Data analytics tools are essential for gaining insights into your serialized inventory. They help you analyze trends, forecast demand, and make informed decisions about stock levels. By understanding the lifecycle of each serialized product, you can optimize inventory turnover and reduce holding costs. Data analytics also play a crucial role in identifying and addressing inefficiencies within your supply chain, ultimately enhancing operational performance.

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5 Automation Software

Automation software takes serialized inventory management to the next level by reducing manual processes and minimizing human error. These tools can automatically update inventory levels as products move in and out of your warehouse, ensuring accurate stock counts at all times. Automation also speeds up order processing and fulfillment, which is especially beneficial when managing large volumes of serialized products. By automating routine tasks, you free up time to focus on strategic business initiatives.

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6 Integration Capabilities

The ability to integrate with other business systems is a critical feature of any inventory tracking tool for managing serialized products. Integration facilitates the seamless flow of information between your inventory management system and other software like enterprise resource planning (ERP) or customer relationship management (CRM). This connectivity ensures that all departments have access to consistent, up-to-date inventory data, which is vital for maintaining operational continuity and delivering exceptional customer service.

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Matt Parkin, CAPM?

Partnerships @ Fulfil (eCommerce ERP) ?? | LinkedIn Consulting ?? | Top Voice ?? | Speaker ??? | 4x Founder ?? | Career Coach & GTM Advisor ?? | FoundersBeta 30 Under 30 ??
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In addition to ensuring your ERP supports serialization, a key consideration when it comes to integration is ensuring your 3PL (if using one) is capable of supporting lot tracking and serialization.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are the best inventory tracking tools for managing serialized products?

1

2

3

4

5

6

7

1 RFID Technology

2 Cloud-Based Systems

3 Mobile Scanning Apps

4 Data Analytics

5 Automation Software

6 Integration Capabilities

7 Here’s what else to consider

Inventory Management

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What are the best inventory tracking tools for managing serialized products?

1

2

3

4

5

6

7

1 RFID Technology

2 Cloud-Based Systems

3 Mobile Scanning Apps

4 Data Analytics

5 Automation Software

6 Integration Capabilities

7 Here’s what else to consider

Inventory Management

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