As a dependable supply chain management company in Singapore, FairPrice Group Supply Chain (FPGSC) empowers customers with streamlined warehousing and logistics solutions, culminating in a seamless and highly productive supply chain. This article will delve into how these solutions help customers thrive in the competitive local business landscape.
1. Improved Supply Chain Efficiency
Efficiency is paramount for the success of FPGSC’s customers, achievable through effective warehousing and logistics solutions. FPGSC offers customers greater benefits through the deployment of cutting-edge technologies and best-in-class practices that streamline supply chains and lower operational costs. FPGSC’s end-to-end supply chain dashboards offer a comprehensive view of goods movement, order cycles, and trends, enabling customers to assess order volume and changes in trends promptly. This in turn contributes to better planning for a more agile supply chain.
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2. Warehousing Service Automation
Warehousing and logistics solutions provide the infrastructure and tools necessary to collect, analyse, and present data in real-time, paving the way for informed decision-making. For example, the deployment of Automated Storage & Retrieval System (AS/RS) benefits FPGSC customers by enabling them to assess the impact of improved accessibility on order fulfillment speed and overall customer satisfaction. Backed by robots or automated vehicles, Auto Store Warehouse efficiently handles the storage and retrieval of goods by moving bins containing products to and from designated storage locations. It supports high-density storage configuration concept through swift retrieval or deposit of bins by minimising the need for excessive aisle space and maximising the accessibility of products.
3. Well-structured Logistics Network
Delivery On-Time & In Full (OTIF) serves as a performance metric in supply chain management, measuring the efficiency of complete order deliveries based on scheduled delivery dates. FPGSC’s customers can benefit from FPGSC’s well-structured logistics network made up of the following key elements:
- Precision in Scheduling
At FPGSC, orders are scheduled to meet on-time deliveries. It involves the careful and strategic coordination of the entire order fulfillment process, from the initial customer request to the final dispatch of goods. As such, FPGSC customers can receive their goods in time.
- Real-Time Visibility
Gaining real-time visibility into the supply chain, including order statuses, inventory levels, and other critical aspects, allows FPGSC to make swift decisions if they spot any irregularities. For instance, should a disruption occur in the planned delivery route, FPGSC can quickly assign an alternative route to avoid delays. This proactive approach not only ensures operational efficiency but also provides FPGSC customers with peace of mind, knowing that any potential problems can be promptly addressed with responsiveness and adaptability.
Learn more: Impact of Delivery OTIF on Customer Satisfaction and Retention
4. Data-Driven Decision Making
Automating warehousing services paves the way for precise inventory management, facilitated by real-time monitoring and valuable insights. This allows FPGSC’s customers FairPrice suppliers to swiftly respond to market fluctuations, maximising sales opportunities and revenue. The heightened responsiveness makes it possible for necessary adjustments on production and distribution schedules. Specifically, FPGSC’s SCope analytics solution enhances inventory management by proactively identifying potential supply chain risks and their impact on inventory availability. By monitoring global happenings, such as news, weather, and alerts, along with tracking shipments, port situations, local traffic, and distribution networks, the solution helps prevent stockouts despite potential disruptions.
Technologies such as IoT devices, sensors, and data analytics are integrated into these solutions, allowing suppliers to tap into real-time information at every logistics stage.
Effective warehousing and logistics solutions ensure that FPGSC’s customers can excel in this dynamic industry. The automation and valuable insights lead to proactive identification of potential risks across the supply chain.
FairPrice Group Supply Chain Business (FPGSC) is the supply chain arm of the largest supermarket operator in Singapore. We design, manage and operate end-to-end supply chain solutions for daily logistics needs, across all our retail stores and online businesses. Get in touch with us to find out more.