Superior Car Sensor Inventory Tracking Through Serialized Inventory

On average, a car may contain between 60-100 sensors. As the automotive industry pushes for smarter vehicles, the number of electronic sensors has also increased, to name a few, some common sensors are for speed, voltage, coolant, camshaft position, and many more. However, this poses a challenge for the distributors of auto-parts distributors for efficient tracking of inventory on-hand. Hence, serialization of inventory can prove extremely beneficial for optimizing operations and keep customers satisfied.

Serialization

The process of labelling and storing inventory using a unique serial number is called serialization. Most of these digital and analog sensors already contain unique identification numbers. These numbers can be used to keep track of inventory for each specific item without duplication, they are referred to as Unique Product Codes or UPC for short.

Automotive Sensors Inventory Management

For any business, inventory management is key and the same is true for the automotive industry as well. New age cars that operate on energy and fuel efficient technologies require a plethora of sensors to work properly. OEMs distribute these sensors through aftermarket channels which are usually wholesalers and retailers. However, using serialized inventory can make their life a lot easier and their business more efficient.
Sensors are small parts, and have a lot of breadth in their types which makes it difficult to scale such a complex inventory without it being serialized first. By simply using the barcodes on the items, an inventory serialization software, and a barcode scanner, you can handle your entire inventory, forecast for future purchasing needs, and minimize inventory losses considerably.

Benefits of Serialized Inventory Management

Here are some benefits of serialized inventory management solution:
  1. Divide each sensor into different categories and according to different car models.
  2. Get a complete overview of available inventory using the inventory dashboard, softwares typically calculate the price of available stock using the price data.
  3. Compare list of items in Purchase Order with the inventory actually received to track and audit so that no item is lost.
  4. Set reorder points for each car sensor to proactively manage purchasing without having to face stock-outs which eventually disappoint customers.
  5. Get real-time updated reports on sale of each SKU, their profitability, and condition of inventory.

Conclusion

Technology is being utilized by every industry. It is the main source for achieving competitive edge over rivals so that more value can be provided to customers. Businesses need to invest in re-engineering their processes for smoother and smarter operational flow so that making decision for managers becomes easy.

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