Tracking your collection of reusable containers is undeniably a valuable step to better managing your supply chain. However, some companies choose to implement this solution, but stop there, presuming tracking their assets will somehow manifest savings all on its own. In truth, tracking is only the first step – and management and optimization are crucial in realizing the returns on your investment
Tracking your SKUs (stock-keeping units) can provide you with the data to perform analysis of where they move to, how quickly they move from location to location – and within a single location, what percentage full a SKU is when it is used, and much more. It is analyzing this data that gives companies better insights as to how items are performing, and the true cost of dwelling inventory
SKU analysis can reveal many of the factors that can lead to underperforming containers and additional costs, such as repairing or replacing damaged containers, leasing storage space for container safety stock, and the costs for labor and equipment incurred in moving and storing these reusable containers. A comprehensive reusable container management system, built properly, integrated where most beneficial, and collecting accurate data, can reduce expenditures related to transportation costs over the long run
Additionally, SKU analysis can also indicate when users are bypassing capture methods and ignoring established best practices during the container distribution process – not fully utilizing the system, and undermining the efforts of the reusable container management program as a whole
Don’t let poorly-performing items eat away at your resources. Use the data collected from SKU analysis to optimize your inventory, and keep the right amounts of the right stock at the right times – giving you the ability to increase your efficiency and your revenues.