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RedPrairie has integrated the asset management capabilities of its standalone Mobile Resource Management product into its Warehouse Management System, as part of its newly enhanced Supply Chain Execution suite.
In the past, inventory and the assets used to ship them were tracked in two separate systems, which made closed-loop tracking of assets very difficult. With the new release, users can manage this movement through a single process, allowing for greater efficiency, improved visibility and better control over supply chain operations.
The system supports the use of RFID technology, as well as 2-D barcodes and other AIDC technologies to help track inventory and assets within the distribution centre, as well as outside of it (such as in trailer yards, in-transit, at customer sites, or even within a retailer's store network). Both serialised and non-serialised assets can be tracked at each location.
According to Tom Kozenski, RedPrairie's vice president of product strategy, integrated visibility and control over the movement of inventory and assets across today's complex global supply networks can be slow, costly, and very challenging.
The enhanced WMS system allows users to easily monitor the condition and status of each asset, as well as movement to and from suppliers and repair depots. According to Steve Banker, research director for ARC Advisory Group, "Being able to manage inventory and assets in a single system provides inherent efficiencies. There are significant costs tied up in reusable assets used in distribution operations. It makes sense to track these along with the inventory they transport for a complete view of the supply chain in motion."
Source: RedPrairie Corporation
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