Since joining the CAI family in January I have been making time to go back to school. Last week I shared what I learned about the Mobile Fleet Manager, this week I'd like to review the product aging topic we discussed in How Old Is That?. Thanks to not sleeping in class I can describe how to close the loop and really see how old product is.

Every state in the union issues license plates for every car. There is a clear purpose for that effort as the state is tracking:

  • Car Make, Model and Age
  • The owner.
  • Title Information
The Protein industry standard is a GS1-128 bar code, manufacturers can choose what to put on that license plate, so each product could be different. The way to solve that problem is to produce an internal license plate that has the information you want stored. One of the most critical pieces of data is the age of the inventory, as most Protein suppliers need to rotate stock and enforice FIFO (First in First Out) method without relying the picker's eye.

The steps to do this are important.

  • Produce label for all receipts and production. This will identify what lot it belongs to, receive/process date and data and other information required for tracking.

  • Use bar code scanners to ship and or move product around production stations for in house tracking. For building pallets make sure you can create a pallet label that will tell you what is contained on that pallet. You can then ship the whole pallet or break the pallet to sell or put the individual boxes into production. Track and Trace is both up and down.


Going back to school helps me
identify more best business practices.



 

 

 

Issue 634 - The New ROI

A prospect recently challenged me to show a return on investment of two to two and a half years. For the majority of my career a 'good' return on investment (ROI) was two years, a great return was one year, and an unbelievable return was six months.  Today with our SaaS offering we're seeing customers regularly returning on their investment in four to five months, so it may be time to revisit how we think about ROI calculations.

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