Part of achieving sustainability is to reduce waste and transportation, which can be met through more efficient resource and logistical planning and tracking. What technologies can enable this?
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There are several technologies that fashion companies can adopt to improve logistical efficiency:
RFID (Radio Frequency Identification): RFID technology allows fashion companies to track inventory in real-time, enabling them to quickly identify which products are selling well and which ones are not. This technology can also improve supply chain visibility, making it easier to identify bottlenecks and optimize logistics.
Cloud-based supply chain management: Cloud-based supply chain management platforms provide real-time visibility into the entire supply chain, from raw materials to finished products. This technology can help fashion companies optimize logistics, reduce lead times, and improve communication with suppliers.
Automated warehousing and fulfillment: Automated warehousing and fulfillment systems use robotics and artificial intelligence to automate tasks such as sorting, picking, and packing. This technology can improve order accuracy, reduce lead times, and reduce labor costs.
Predictive analytics: Predictive analytics technology uses machine learning algorithms to forecast demand and optimize inventory levels. This technology can help fashion companies improve supply chain efficiency, reduce inventory carrying costs, and minimize waste.
Blockchain: Blockchain technology can improve supply chain transparency and traceability by enabling secure, decentralized data sharing between supply chain partners. This technology can help fashion companies improve accountability and sustainability across the entire supply chain.
By adopting these and other technologies, fashion companies can improve logistical efficiency, reduce costs, and improve sustainability across the entire supply chain.