#1 Warehouse management system SOFTWARE
FIFO and FEFO Capability in Warehouse Management System (WMS)
FIFO (First In, First Out) and FEFO (First Expired, First Out) are inventory management techniques designed to optimize stock rotation, minimize waste, and ensure product quality. These capabilities are essential for industries dealing with perishable goods, pharmaceuticals, and high-value inventory.
Automated Stock Rotation Rules
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Dynamic Rule Application: Configure rules for FIFO or FEFO based on product categories or storage conditions.
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Real-Time Enforcement: Automatically enforce FIFO/FEFO rules during order picking and inventory movement.
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Customizable Policies: Tailor rotation rules for specific products, batches, or storage zones.
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Exception Handling: Flag non-compliance with rotation policies and provide alerts.
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Rule-Based Automation: Reduce manual decision-making and human errors in stock picking.
Expiry Date and Batch Tracking
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Batch-Level Expiry Monitoring: Track expiry dates at the batch or lot level for FEFO implementation.
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Automated Alerts: Receive notifications for inventory nearing expiry.
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Prioritized Picking: Automatically prioritize picking based on expiration dates (FEFO) or arrival order (FIFO).
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Quarantine Management: Isolate expired or soon-to-expire products to prevent dispatch.
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Audit Trail: Maintain detailed records of inventory movement for compliance and traceability.
Integration with Order Fulfillment Workflows
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Seamless Picking Integration: FIFO/FEFO rules are integrated into order picking and packing workflows.
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Dynamic Re-Prioritization: Adjust picking priority in real-time if stock conditions change.
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Optimized Picking Routes: Generate optimized picking paths based on FIFO/FEFO logic.
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Workflow Validation: Ensure compliance with FIFO/FEFO before completing order fulfillment.
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Reduction in Waste: Prevent product spoilage or obsolescence by adhering to picking rules.
Warehouse Zone and Storage Optimization
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Zone-Based Rules: Apply FIFO/FEFO policies specific to storage zones (e.g., cold storage, dry storage).
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Shelf-Life-Based Slotting: Allocate products to storage locations based on shelf life or arrival date.
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Inventory Segregation: Physically separate stock based on FIFO/FEFO requirements.
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Real-Time Stock Insights: Provide visibility into stock health and compliance with FIFO/FEFO policies.
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Optimized Putaway Logic: Ensure incoming stock is placed correctly to adhere to rotation rules.
Compliance and Reporting
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Regulatory Compliance: Adhere to industry standards for inventory rotation (e.g., pharmaceuticals, food safety).
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Detailed Reporting: Generate reports on FIFO/FEFO compliance, stock aging, and wastage.
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Historical Data Tracking: Maintain logs of stock rotation history for audits and traceability.
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Wastage Analysis: Identify patterns and reasons for stock wastage or non-compliance.
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Performance KPIs: Track KPIs related to FIFO/FEFO efficiency and accuracy.