Effective expiry management in a warehouse is critical to minimizing waste, ensuring compliance, and optimizing inventory turnover.
Our low-code/no-code solution can automate expiry tracking, sending alerts for items nearing expiration and optimizing stock movement.
Challenges in Expiry Management
- Manual Tracking: Traditional tracking using spreadsheets is error-prone and inefficient.
- Stock Wastage: Expired products lead to financial losses and compliance risks.
- Regulatory Compliance: Industries like pharmaceuticals and food require strict adherence to expiry regulations.
- First-Expire-First-Out (FEFO) Compliance: Ensuring that older stock is used before newer stock.
How Rapidomize Helps in Expiry Management
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Automated Expiry Tracking
- A warehouse worker enters product details, including batch number, manufacturing date, and expiry date, using a mobile app or web interface.
- The system automatically calculates the shelf life and sets expiry alerts.
- Dashboards provide real-time visibility into expiring stock.
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Alerts & Notifications
- Our solution sends automated email, SMS, Whatsapp, etc. alerts to Warehouse Managers, Suppliers, etc. when a product is approaching its expiry date.
- Customizable thresholds (e.g., 30 days before expiry) allow proactive actions.
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FEFO-Based Inventory Movement
- The system prioritizes dispatching items with the nearest expiry date to comply with FEFO guidelines.
- Integration with barcode/RFID scanners ensures that warehouse staff picks the correct stock.
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Low-Code Workflow for Expiry Actions
Using a drag-and-drop Low code/No code workflow builder, organizations can automate:
- Replenishment Orders: If stock is about to expire, initiate an automatic purchase order.
- Discounting Strategy: If a product is near expiry, trigger a price markdown in the system.
- Disposal Process: If an item expires, the system flags it for proper disposal, ensuring regulatory compliance.
Key Benefits of Using Rapidomize for Expiry Management
- Faster Implementation: No need for extensive coding or IT expertise.
- Real-Time Visibility: Custom dashboards for tracking expiry trends.
- Reduced Stock Wastage: Proactive actions to minimize losses.
- Compliance Assurance: Ensures FEFO and regulatory adherence.
- Scalability & Customization – Adjust rules as per your requirements.