Once you’ve got yourself set up with an inventory management system, here is a list of benefits you can expect to find: 1. The benefits of implementing an inventory shelf life management system With software implemented for perishable inventory tracking, you’ll be able to monitor your inventory, manufacturing, and other departments from a visual dashboard, while also taking advantage of: Implementing softwareįinally, the best way you can improve how to monitor shelf life management is to introduce software into your business, like a batch inventory management system. Inventory management systems that can track your perishable inventory are going to be essential, especially for manufacturers who need to track a large number of items. Selling at a loss is always better than completely disposing of your inventory. Your priority when handling perishable inventory is to have your products out the door and with the customer before the expiration date. This allows you to save on carrying costs and still deliver a quality product to your customer. If you find yourself in a position where products are going to spoil soon, try: It is always recommended to stay in contact with your suppliers to identify any issues that might come up in the future, like running out of stock, so you can make a plan B and maintain your optimal perishable inventory levels. Being active with pre-receipt quality checks to improve the quality of your finished goods.Other tips for managing suppliers include: Managing your suppliers is probably the simplest way to get fresher ingredients. Find suppliers who can best deliver on getting items to you sooner and alternative suppliers should anything go wrong with your supply chain. This can be as simple as identifying expiry dates once you receive items and clearly labeling them with colored stickers so you can visually identify stock arrival times. Since spreadsheets are inefficient for inventory management in the long term, you’ll need to balance your perishable inventory tracking efforts with techniques for tracking your inventory. However, this is going to require meticulous monitoring of your inventory, and you’ll need to create templates and documents to: Regardless of which method you choose to follow, you’re going to need a system to help you track your inventory. If you’re small and willing to put in the extra manual work, inventory tracking can be done via spreadsheets. Note - there is another similar shelf life management method called first in, first out (FIFO), which allows you to ship inventory before it becomes outdated, like with computer components, as mentioned earlier. Save on labor costs by reducing the number of spot checks you need to perform. ![]() Reduce the amount of inventory that expires on your shelf.Ensure that raw materials and products remain fresh.FEFO allows you to ensure the expiration date for a product isn’t reached before it’s delivered to the customer or spoils within your inventory. First expired, first out (FEFO)įEFO is the process of selling your perishable inventory, starting with the products that are closest to their expiry date. In this chapter, we’re going to look into the different techniques and processes you can implement to get more control over how you monitor shelf life management.
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