Minimizing Fraud in Supply Chain

The trend of digitalization and tech-reliance in freight shows no signs of stopping. Technology allows freight forwarders to optimize their coordination and maximize control, and it is clear that the future of logistics will belong to the companies who can keep up with the times.

An automated inventory management system contributes greatly to business digitalization, leading to increased system accuracy, the tuning of real-time tracking, early problem detection, and increased efficiency. Obviously, an automated inventory system is able to grant new possibilities to your business. Either you are an e-commerce executive, small, medium, or perhaps a fortune-level supply chain business owner. You might even have deep roots in logistics. If so, that’s great news! Going digital and optimizing and streamlining your inventory management will increase bottom-line ROI. Moreover, it will free up cash flow to invest in the latest and greatest emerging tech. We can help support those efforts, but first, let’s take a look at an automated inventory management system works Inventory management software is transforming modern industry tremendously. This statement is reflected in the iGeeks Blog, which defines stock management as “one of the primary aspects” of modern business trends. Meili Robots proves this fact with a substantial 22% growth rate in the e-commerce global robotics market in 2023. A lot of digital transformation companies provide a variety of automated inventory management systems to optimize business scalability, address human error issues, save time, and, as a result, gain cost-effective company operations.

Article updated on June 24, 2022 Lack of B2B interaction and inventory visibility can become a real challenge, especially under the tight competition between companies striving to achieve “one-day delivery” for more customers’ satisfaction. Custom or ready-made software solutions can boost the ability of the stakeholders to access real-time data relevant to the order process, inventory, delivery, and potential supply chain disruptions. Coca-cola, Best Buy, Walmart, Kraft Heinz, and many more industry giants are using visibility tools. In today’s competitive markets, companies are tasked with being notified of every product movement in their supply chain operations. Whether it’s an ocean container, pallet/skid, truck in transit, or drone delivery there is a growing need to keep track of every shipment in real-time. The end-game is to offer the best service and make sure customers are extremely satisfied with 5-star recommendations. At Innovecs, we have been part of the supply chain and logistics world since 2012. We have helped companies automate their warehouses, integrate with ports and carriers, create online freight marketplaces, and manage their transportation systems. In this article we are going to break down the nuances of real-time visibility to uncover the following: Why achieving visibility in your supply chain is a challenging task The importance of real-time visibility for your business The benefits of having a strategy in place Technologies that can drive visibility across all supply chain stages