Pallet Tracking & Inventory Automation & Efficiency
RFID inventory tracking at the pallet level addresses issues such as mishandling, loss and damage.
If you’re not currently tracking your pallets, they may seem like a relatively inexpensive asset. However, if you consider how many thousands of pallets your business uses annually and the fact that some sectors, like automotive, lose up to 20% of their pallets per year, the cost soon adds up. In the UK around 1.25 million pallets find their way onto the black market every year.
In addition to the cost of a missing pallet, you also need to factor in the time it takes for workers to try to locate them and the delays and reputational damage caused by late deliveries. If a pallet is full when it goes missing you also need to account for the loss of the products it was carrying.
For example, the cost of replacing lost and stolen pallets in the North American auto industry is around $750 million per year.
When you start to build up a true picture of the impact of lost and damage of these reusable pallets you can see it has a significant negative impact on your top and bottom line.
With Smarter Technologies Groups Pallet Tracking Solutions you can instantly locate pallets that have been stored in the wrong place in a warehouse, taken to the wrong location, not been picked up due to inefficient collection routes or stolen from your supply chain. The data provides you with a root cause analysis so you can address the issues and improve efficiency and productivity.