A well-designed retail logistics system can provide store owners with substantial benefits. Retail logistics tracking not only reduces shipping, warehousing, and stock management costs, but it also improves the efficiency of communication channels between suppliers and retailers – ensuring that orders and deliveries are better coordinated.
If your retail business wants to streamline operations and enhance overall profitability, then implementing a retail logistics tracking system should be at the top of your list. At Pyramid Logistics, we’re here to help.
Continue reading below to learn more:
What is Retail Logistics Tracking?
Retail logistics tracking is a system of resources meant to accurately assess the status of retail products throughout their movement and storage. In short, it helps you know where your products or materials are and what’s planned for them at any given time. Retail logistics tracking provides real-time updates on the location and planned destination of your assets.
And it’s not just about knowing where things are, either. It’s a practical tool for creating a more efficient retail operation – one where orders are fulfilled on time, and there are no surprises related to your inventory. With retail logistics tracking, businesses can make informed decisions based on the current and expected shipping status of their goods. In the world of supply chain management, using logistics tracking is a necessity – and here at Pyramid Logistics, we provide our clients with exactly what they need to make it happen.
Here’s why retail logistics tracking is crucial for retail shipping:
Cost Reduction
Retail logistics tracking is a smart investment for any retailer looking to cut transportation costs. Though using shipment tracking software comes with its own price tag, it’s well worth it, as it provides sellers with a clear view of metrics like shipment status, shipping routes, and more. This allows them to not only coordinate more efficient shipping routes over time but also creates a feedback loop that lets the seller know of delivery issues before they reach the customer. This in turn reduces returns, refunds, or complaints; increasing your bottom line as a result.
Improved Inventory Management
Knowing your inventory levels is a must for any retailer. As we all know, stock ebbs and flows throughout each season. With retail logistics tracking, you speed up the time it takes to find goods and alleviate the number of manual inventory checks your business needs to make regularly. This not only makes for more accurate reporting but also frees up your team members’ time and allows them to focus on more important tasks. This year, give your business a boost in its overall productivity with Pyramid Logistics.
Identification Of Bottlenecks
Retail logistics tracking can also be instrumental for pinpointing bottlenecks within your supply chain. Using this technology gives store owners the power to identify areas where processes are too time-consuming, and should be made more efficient. For example, if shipping via a certain route is consistently leading to late deliveries, you can identify where the holdup is taking place, and implement measures to help speed up delivery times in the future. When it comes to retail logistics tracking, the more data points, the better.
Real-Time Delivery Status
Inefficient delivery windows can create a variety of headaches for the modern retailer. Challenges in the supply chain can hold back every aspect of the business, and grind operations to a halt. Being able to promptly access location and status data for each and every one of your packages provides a clear advantage: knowledge. On its own, real-time delivery status could just be seen as one of an ever-increasing number of updates. But if you know what to do with that knowledge, you’ll soon see that it’s the key to unlocking improvements to critical processes like delivery efficiency, weather planning, and delivery conditions. That means your business now has immediate detection of misplacements, damages, or delays, enabling you to proactively problem solve without disrupting the rest of your supply chain.
Related Article: Mastering Storage Logistics to Improve Your Storage & Warehousing
Retail Tracking Solutions with Pyramid Logistics
For over 25 years, we’ve provided secure 3PL solutions to businesses of all shapes and sizes. Our extensive retail logistics tracking services offer safe and dependable supply chain solutions for your cargo, whether you’re shipping specialty items, retail fixtures, or more. Visit our retail logistics page to see how we can lend a hand with your supply chain needs.
Located in Los Angeles, California, and Las Vegas, Nevada, Pyramid Logistics is equipped to deliver warehousing and logistics services near our facilities and nationwide. If you’d like to learn more about partnering with us, request a consultation by filling out a form on our website.