Today, enterprises the world over are feeling the heat when it comes to maintaining order accuracy and speedy fulfillment. Though there are adequate management systems to aggregate the data and processes, one surface that can end up falling by the wayside is inventory. Performing complete counts, whether they are scheduled on a monthly basis, or through custom-fit cycle counting, must be done with complete precision to safeguard the business ever-changing fulfillment needs. One of the best methods to do this is to take benefit of cutting-edge inventory tags. The inventory tag is a tag which is connected to inventory objects which identifies the inventory items to help in counting the physical inventory. When balancing with a competent asset or warehouse management system, inventory tags can be scanned to inform the supply chain of changes in current inventory. This method helps build end-to-end visibility among all parties, from supplier to customer, as inventory moves through warehouse.This growth is primarily driven by Hassle of Strict Laws Pertaining to Secure Packaging and Rapid Industrialization in Developing Regions.
Globally, a noticeable market trend is evident Rising Efforts towards Standardization
. Major Vendors, such as Avery Dennison Corporation (United States), 3M Company (United States), Zebra Technologies Corporation (United States), EDP Vertriebs GmbH (Germany), Brady Corporation (United States), Checkpoint Systems, Inc (United States), Smartrac N.V. (Netherlands), Hewlett-Packard Company (United States), Cenveo Inc. (United States) and Alien Technology, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On April 29, 2019 - Cenveo Worldwide Limited announced that, the sale of its long run labels and receipt paper assets (the “LRL” and “POS”) to Iconex LLC (a portfolio company of Atlas Holdings).
- Hassle of Strict Laws Pertaining to Secure Packaging
- Rapid Industrialization in Developing Regions
- Rising Efforts towards Standardization
- Increasing Awareness for Using Inventory Tags
Increasing Trend of Online Shopping and Growth in E-Commerce Sector
Loose Execution of Global Standards in the Inventory Tag Implementation
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