Using Cloud to improve supplier labeling can save you millions
Find out how Label Cloud can help you take control of your supply chain to reduce inventory and move products more quickly through the warehouse.
For decades, organizations have struggled to find the perfect labeling solution for business partners including suppliers, contract manufacturers and third-party logistics providers. While some larger corporations have succeeded using a model of forced compliance, this approach doesn’t work for everyone. So what is the most cost-effective, efficient way of ensuring compliant supplier labeling?
Slide1
The cost of inconsistent supplier labeling
If your suppliers aren’t complying with your labeling standards, you no doubt face one or more of the following issues:
- Your warehouse staff need to identify inbound products themselves, which is an expensive, risky way of processing goods-in.
- In the event your warehouse staff doesn’t identify a product correctly, you have inaccurate inventory data which could mean missed production deadlines.
- You need to spend time relabeling inbound goods.
- All of this extra processing time means your inventory turnaround times are longer. You need more staff to process goods-in, and more warehouse space to house the goods.
Increased
labor costs
An inefficient
supply chain
Excess inventory
and warehouse space
Slower time-to-market and
decreased competitive advantage.
Slide3
Supplier labeling done right with Label Cloud
The key to consistent, standardized supplier labeling lies in the Cloud. By using Label Cloud, you can store label information centrally, control the entire label management process and extend it to all your business partners including suppliers, contract manufacturers and third-party logistics providers.
Guarantee label accuracy
With a centralized database containing all label information, you can ensure that labels are always up-to-date and changes are quickly rolled out across your supplier network. You can guarantee the same label output regardless of the supplier’s printer brand or technology.
Onboard new suppliers quickly
Label Cloud offers instant deployment and a quick on-boarding process. All suppliers need to start printing labels is a username, a password and an Internet-enabled device. From day one, they’ll experience that you’re easy to do business with.
Reduce IT burden and security risks
With cloud-based supplier labeling, your IT staff doesn’t have to spend time granting suppliers access to your internal labeling infrastructure. This saves time and IT resources, and it protects your systems and key data from unauthorized access.
Centralize supply chain management
Label Cloud enables centralized user management and record keeping. You always have a complete overview of the suppliers accessing the system and a complete print history. You can also make sure suppliers are always using the correct version of your labeling solution.
Slide2
The benefits of supplier labeling done right
This example, taken from one of our customers in the manufacturing industry, illustrates the benefits of supplier labeling done right. After implementing NiceLabel, the average time it took to process goods-in was reduced by 44%. They increased their inventory turnover by 55%, because they were able to move goods more quickly through the warehouse. The end result? A faster time-to-market and a more competitive, efficient business model. And concrete savings that had a positive impact on their bottom line.
Working capital savings from reduced inventory
Financial savings
Labor savings
TOTAL
The time to unload a truck was reduced by 44%. The turnover in the warehouse's dock area increased by 55%. Inventory is reduced and better controlled, stock information is more accurate, and the pallets traceability is much better."
Supply Chain Manager, Furniture Manufacturing Company.
Würth: A supplier labeling success story
Going from a CD-based installation process to a web-driven one has significantly eased the burden on Würth IT.
”From the purchasing point of view, our intention is always that the suppliers deliver the goods to us in a way that we can sell them – packed with our Würth boxes and branded with our labels. The easier we make it for them to print our labels, the greater the likelihood that they will use the system and ship goods to us in the right way. With NiceLabel, it’s one phone call, get their contact details, and half-an-hour later the supplier has access to the platform, can print labels and is ready to go and deliver goods to us in the right way.”
Find out how Würth standardized supplier labeling with NiceLabel
Let’s solve supplier labeling together
Label Cloud is the fastest path to standardized supplier labeling.
Let our team show you how it can improve your supplier labeling.