OneRail Launches Inventory Visibility Solution to Combat Shrinkage and Increase Efficiencies [Yahoo! Finance]
Advance Auto Parts Inc. (AAP)
Last advance auto parts inc. earnings: 2/18 06:30 am
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Source: Yahoo! Finance
ORLANDO, Fla., May 06, 2024 BUSINESS WIRE OneRail , an innovative provider of solutions in last mile omnichannel fulfillment, announces the launch of a new Inventory Visibility solution within its OmniPoint ® cloud-based platform to address the growing challenge of product shrinkage that shippers face. Product shrinkage (the loss of inventory) during transport is a pervasive problem for manufacturers and retailers, as it erodes profit margins and undermines trust in transportation providers. To get to the heart of how and when it happens along the supply chain, OneRail commissioned an independent research firm to survey 300 logistics leaders about ensuring the integrity of product delivery. The survey revealed that 88 percent of respondents acknowledge a direct correlation between real-time delivery tracking and decreased customer claims for missing products. Additionally, nearly half of respondents reported that lack of real-time data was their top pain point when tracking invento
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