Accredo Business Software | Distribution and Warehousing Management

Accredo for warehousing & distribution businesses

Accredo offers a comprehensive suite of advanced functionality specifically designed to optimize inventory management for warehousing and distribution businesses. Our solution ensures efficient management of inventory, reduces the risk of stockouts, and enables faster retrieval of materials during production. With the advanced development of features like serial number tracking, location and bin tracking, lot tracking, and Units of Measure, Accredo is primed and ready to significantly enhance your warehousing and distribution operation.

Here are some of the latest features we've developed to power your warehousing & distribution business!

Serial number tracking

1. Enhanced Inventory Management

Tracking specific items: Users can track individual products throughout the supply chain, improving stock control and ensuring precise location tracking.

Easier Stock Reconciliation: Knowing exactly which serial numbers are in stock simplifies inventory audits and reduces discrepancies.

2. Improved Warranty and Support Services

Warranty Tracking: Serial number tracking helps in identifying which products are still under warranty, allowing businesses to manage warranty claims efficiently.

Customer Support Efficiency: When customers report issues, having access to the product’s serial number allows quicker identification of product details, leading to faster resolution times.

3. Product Traceability

Recall Management: If a product batch is defective, businesses can quickly trace which specific items need to be recalled and alert the right customers.

Compliance and Reporting: For industries with regulatory compliance requirements (e.g., medical devices, electronics), serial number tracking helps in meeting legal obligations by offering clear traceability.

4. Fraud and Theft Prevention

Authenticity Verification: Serial numbers can be used to verify the authenticity of products, reducing fraud, counterfeiting, and theft.

Loss Prevention: Tracking serialized products helps in detecting and recovering stolen goods, especially in industries dealing with high-value items.

Lot tracking

1. Enhanced Inventory Control

Batch-Level Tracking: Lot tracking allows businesses to track inventory by specific batches or production lots, ensuring accurate monitoring of stock levels and avoiding expired or outdated products.

Efficient Stock Rotation: Helps with First In, First Out (FIFO) inventory management by identifying the age of specific lots, allowing businesses to sell older products first.

2. Product Traceability and Compliance

Regulatory Compliance: In industries such as pharmaceuticals, food, and chemicals, lot tracking is essential for meeting regulatory standards. Businesses can quickly access records showing the origin and distribution of specific lots, ensuring compliance with safety and quality standards.

Recall Management: In case of product recalls, lot tracking helps in identifying and isolating affected batches, minimizing the scope of the recall and protecting both customers and the brand.

3. Quality Control and Assurance

Monitoring Product Quality: Businesses can track the quality of products tied to specific lots, helping identify any quality control issues that might arise.

Supplier Accountability: Lot tracking makes it easier to trace issues back to suppliers or specific production runs, improving supplier accountability and helping in resolving disputes.

4. Improved Customer Service

Quick Resolution of Issues: When a customer reports a problem with a product, businesses can use lot tracking to identify the specific batch the product came from, leading to faster resolution and more accurate troubleshooting.

Better Warranty Management: Businesses can easily track which products belong to specific lots and whether they are within their warranty period.

5. Expiration Date and Shelf-Life Management

Control of Perishable Goods: For industries dealing with perishable products (e.g., food, cosmetics, pharmaceuticals), lot tracking helps in monitoring expiration dates and shelf life, preventing the sale of expired goods.

Minimized Waste: By managing stock based on lot information, businesses can prioritize selling products that are nearing expiration, reducing waste, and increasing profitability.

6. Risk Management

Risk Mitigation: Lot tracking helps businesses quickly identify and isolate defective products before they reach the customer, minimizing financial loss, brand damage, and legal risks.

Customer Safety: In industries like pharmaceuticals or food, lot tracking ensures that businesses can trace back any safety issues to specific batches, ensuring only safe products are available to customers.

Location and bin tracking

1. Improved Inventory Accuracy

Precise Item Location: Location and bin tracking enables businesses to pinpoint the exact location of products within a warehouse or storage facility. This reduces the risk of misplacing items and increases overall inventory accuracy.

Easier Stock Reconciliation: By knowing exactly where items are stored, inventory counts become quicker and more accurate, reducing discrepancies between system records and physical stock.

2. Enhanced Warehouse Efficiency

Faster Picking and Packing: Employees can quickly locate items in specific bins, speeding up order picking and packing processes. This reduces the time spent searching for products, leading to faster fulfilment and improved operational efficiency.

Reduced Labor Costs: With precise location tracking, employees spend less time manually searching for products, allowing businesses to optimize labour and potentially reduce staffing costs.

3. Optimized Space Utilization

Maximized Storage Capacity: By tracking where items are located down to specific bins, businesses can better organize their storage space and make more efficient use of their warehouses.

Flexible Storage: Location and bin tracking allows for flexible storage strategies, such as dynamic slotting, where products can be stored in different locations based on demand or space availability, while still being easily tracked.

4. Enhanced Stock Visibility

Real-Time Tracking: Businesses gain real-time visibility into their stock locations, allowing for more accurate stock management and decision-making.

Minimized Stockouts: With better visibility into where products are stored, businesses can quickly locate and replenish stock, preventing stockouts or backorders.

5. Simplified Inventory Transfers

Easy Movement Between Locations: When products need to be moved between different warehouses, storage areas, or bins, location and bin tracking ensures smooth transfers by updating the product's location.

Improved Multi-Warehouse Management: For businesses operating across multiple warehouses or locations, bin tracking ensures clear visibility of stock across all sites, simplifying transfers and distribution.

6. Reduced Errors in Order Fulfilment

Accurate Order Picking: By assigning products to specific bins, businesses can reduce errors in order fulfilment, leading to fewer shipping mistakes, returns, and customer complaints.

Better Batch and Lot Management: For businesses that also track batches or lots, bin tracking ensures that the right batch or lot is picked from the correct location, improving quality control and compliance.

7. Streamlined Returns and Restocking

Efficient Returns Handling: When products are returned, location and bin tracking helps employees quickly return items to the correct storage bin, ensuring they are accounted for and ready for resale or restocking.

Simplified Restocking: Restocking becomes more efficient as employees can quickly identify the appropriate bin or location for returned or replenished items.

UOM – Units Of Measure

1. Greater Flexibility in Sales and Purchasing

Multiple Units of Measure for a Single Product: Accredo allows businesses to assign multiple units of measure to a single product, which makes it easier to sell or purchase products in different quantities or packaging. For example, a product can be stocked by the case, sold by the piece, and shipped by the pallet, all while keeping track of inventory accurately.

2. Improved Inventory Management

Accurate Stock Tracking Across UOMs: Businesses can maintain accurate stock counts regardless of how products are stored, sold, or purchased. For example, inventory can be tracked in bulk quantities (e.g., kilograms) but sold in smaller units (e.g., grams or pieces) without losing track of available stock.

3. Streamlined Ordering and Replenishment

Simplified Purchase Orders: Purchasing departments can order products in the units that suppliers provide (e.g., cartons, crates, or tons), while still managing inventory in the preferred units used in the warehouse (e.g., boxes or kilograms). This helps businesses avoid over- or under-ordering.

4. Enhanced Pricing Flexibility

Variable Pricing Options: Businesses can set pricing for products based on different units of measure. For instance, a business can offer a lower price per unit when a product is bought in bulk quantities (e.g., by the pallet or case) while maintaining a higher price for smaller quantities (e.g., per piece). – Requires Special Pricing Module

Better Handling of Promotions: The ability to manage and track multiple units of measure allows businesses to run promotions based on specific quantities or packaging sizes, providing more flexibility in marketing campaigns.

5. Efficient Manufacturing and Production

Support for Bill of Materials (BOM): In manufacturing, raw materials often need to be tracked in specific units of measure (e.g., kilograms or litres), while finished products may be measured differently (e.g., units or boxes). Accredo’s UOM feature ensures that conversions between raw material and finished product units are seamless and accurate.

Improved Production Planning: Businesses can manage production more effectively by converting raw material quantities into the units used for manufacturing processes, reducing waste, and improving production efficiency.

6. Simplified Shipping and Logistics

Consistent Shipping Documentation: The UOM feature ensures that shipping documents such as invoices, packing slips, and shipping labels reflect the appropriate unit of measure, improving accuracy and reducing confusion during transportation and delivery.

Optimized Shipping Costs: Businesses can calculate shipping costs more accurately based on the specific units being shipped, helping to reduce logistics expenses.

Read some of our clients stories!

Independent Egg Producers | BG Marketing | Whites Powersports

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