Loftware Explains How To Eliminate Labeling Errors
Summary
Per a recent study, 76% of manufacturers mislabel more than 10% of all goods, while organizations worldwide lose more than $1.3 million on average due to production line shutdowns caused by label printing problems. And this data may not even account for hidden costs, such as damage to a brand, lost business, bringing on emergency labor or the waste produced when discarding large volumes of erroneous labels. These solutions are often homegrown over long periods and create a host of issues, such as updates not being made universally, a lack of label templates that are consistent and instances of human error from manually entering data. All the while, inefficiencies from fragmented labeling approaches are becoming increasingly less sustainable due to a plethora of changing conditions, such as evolving regulations and a greater emphasis on collaboration and supply chain agility. This means label changes can be completed by employees of various skill levels and is less dependent on costly and scarce IT resources, as the solution makes decisions for users based on logic and data created by experts.
Classifications
AskAI Classifications
LabelsLinked Companies
