Using Drones to Reduce Inventory Shrinkage

November 28th, 2023

In today's fast-paced and highly competitive business environment, inventory shrinkage is a significant concern for retailers and warehouse operators. Inventory shrinkage refers to the loss of inventory due to theft, damage, or administrative errors. Businesses are constantly searching for innovative solutions to address this issue and one such solution is the use of drones. Drones have proven to be an effective tool in reducing inventory shrinkage.

Routine stock audits are essential for maintaining accurate inventory records and identifying discrepancies. Traditionally, these audits require extensive manual labor and take significant amounts of time to complete. However, with the use of the Corvus One drone system, stock audits have become much more efficient. Drones can quickly scan and identify inventory items, ensuring that the physical count matches the recorded warehouse management system (WMS) data. This automated auditing process saves time, reduces costs, and minimizes the disruption to warehouse operations.

Efficient Stocktaking and Auditing

Conducting stocktaking and auditing manually can be a time-consuming and error-prone process. Whereas drones streamline this process and significantly improve its accuracy and efficiency. Equipped with advanced scanning technology, our Corvus One Drones can scan barcodes or QR barcode tags on products, making the inventory reconciliation process faster and more accurate. Our drones autonomously navigate through stock aisles, capturing data and updating inventory records in real-time. In manual operations, associates typically use a combination of scanners and forklifts to gather data from pallets that are stacked throughout dense, high-reaching aisles. This manual process is prone to errors, as data is collected by pen and paper and then requires additional manual data entry into the WMS.

By automating stocktaking and auditing processes with Corvus drones, businesses can save time, reduce costs, and ensure inventory accuracy. Moreover, the drones are programmed to perform daily inventory checks at scheduled intervals, providing businesses with up-to-date and accurate records of their inventory. This real-time visibility enables businesses to make informed decisions about stock replenishment, identify discrepancies or anomalies, and optimize their inventory management processes. Businesses that use the Corvus One drone system for stocktaking and auditing can greatly improve efficiency and accuracy, leading to streamlined operations and reduced risk of inventory shrinkage.

Rapid Response to Inventory Issues

Inventory shrinkage occurs for various reasons, such as misplaced items, damaged goods, or inventory discrepancies. It is crucial to identify and resolve these issues promptly in order to minimize losses.

Our drones capture detailed data for each slot location, including barcode, location, and occupancy. This data is then verified against the latest WMS record. After each flight, our software dashboard flags any inventory discrepancies. Instead of manually searching around the warehouse, users can conveniently sort and compare the data from their desk.

Inventory Managers can now arrive at their shift with several advantages at their fingertips. The Corvus flight software provides aisle reports that automatically flag locations with discrepancies for investigation. These discrepancies may involve missing inventory, mislabeled pallets, or inaccurate WMS data. Inventory Managers can compare flight data and resolve issues from their desks, or they can download the report for further analysis. This fast and proactive approach to inventory management enables businesses to promptly address inventory issues, prevent stockouts, and maintain a seamless customer experience.

Enhance Your Visibility

Incorporating drones into inventory management processes offers numerous benefits for businesses striving to reduce inventory shrinkage. Drones streamline stocktaking and auditing processes and enable rapid response to inventory issues. By harnessing the power of the Corvus One drone system’s innovative technology, businesses can enhance their overall inventory management practices, minimize losses, and ultimately improve their bottom line.

Let's exchange information to find a more suitable inventory solution for your business.

Please type your name.