Asset tracking
Make the most of your supply chain assets by knowing exactly where they are and where they’ve been
The Retail industry relies on reusable assets to deliver an excellent service to its customers. We have an excellent solution that will enable your company to more closely track your assets, cut costs and improve customer service.
How asset tracking can help your business
Reusable assets like roll cages, trays and pallets are, for many companies, a neglected but critically important part of the business operations. You can suffer operational difficulties and financial costs when assets are not in the right place at the right time. Within the Retail sector, this can mean lost sales, poor customer experience and ultimately lost customers.
Tracking your supply chain assets can help:
- reduce production downtime caused by unavailable raw materials or assembly parts
- prevent lost sales (suppliers tend to hoard assets during seasonal peaks)
- stop assets going missing and take away the expense of replacing them
- release capital - it’s estimated that, on average, companies own or rent up to 30% more assets than are required
- reduce packaging requirements and therefore costs
- drive out unnecessary costs and use your assets more efficiently
- increase efficiency by always having the right assets available at the right time – and in the right place
The solution
Many assets flow through the supply chain between trading partners. Our standards ensure this exchange happens as efficiently as possible and that all parties are able to understand the data flow that accompanies the physical flow.
Our asset management solution uses RFID or data capture technologies combined with software applications. The solution holds information about the location, status and maintenance history of each asset. It also provides a full electronic audit trail.
Get in touch
Contact Mark Gillott on 020 7092 3522 or Mark.Gillott@gs1uk.org
Useful documents & links