Skincare, Pharmacy, Hair & Personal Care Products | Gym & Nutrition: Warehouse: Inventory | Network | Best Practices | Tips | Techniques

Monday, October 25, 2021

Warehouse: Inventory | Network | Best Practices | Tips | Techniques

warehouse inventory

Customers today expect things quickly, and 69% of them would be more likely to purchase online if they had access to one-day shipping. However, 77% of warehouses struggle to meet same-day delivery. Finding ways to accelerate the supply chain and maximize efficiency is critical to meet changing customer expectations and for suppliers to remain competitive. The need for speed, accuracy, and efficiency is a priority, with 80% of operational leaders agreeing that new technology is needed for work advancement to achieve this. The warehouse is at the center of any producer or distributor's supply chain, so implementing a smart warehouse system is an effective way to streamline processes, maintain control, and keep up with the competition.

Redesigning Legacy Cycles and Technology

Many warehouse processes are labor-intensive and inefficient, with some organizations still relying on pen-and-paper processes or outdated technology. This can lead to errors in order handling, stock management, shipping delays, and resource wastage. In a recent survey of 1,403 IT and operational leaders, 77% agreed they needed to upgrade their warehouse technology but admitted they were slow to do so. While some have introduced new technologies to accelerate processes, an incomplete smart warehouse solution will result in technical fragmentation. A fully integrated smart warehouse solution can increase efficiency, accuracy, and reduce costs in time, money, and resources, as well as leverage data to help shape future strategies.

Integrating a Smart Warehouse Management System

An effective Warehouse Management System (WMS) is a vital record that manages everything from goods to assets to people, through to transactions and shipping. By 2024, 90% of operational leaders plan to introduce a WMS to modernize work planning and management. A successful WMS also helps support a well-trained workforce, integrate automation, and generate useful data for decision-making. It can also create an essential link between the warehouse and transportation.

Introducing Smart Technology in the Warehouse

It is now possible to integrate smart technology at every stage of the warehouse process, from goods in, stock management, to picking, packing, and shipping. A recent study showed that 94% of repetitive tasks were performed with human input, but 75% plan to improve workforce performance by equipping them with purpose-built technologies to increase efficiency, accuracy, and reduce downtime. From wearable scanners, mobile and vehicle-mounted computers, to smart labeling and voice-directed picking solutions, a connected smart warehouse can streamline workflows and support quick turnaround.

Automation in the Warehouse

Automation and new technologies are essential for warehouse operators to remain competitive. Over 75% of leaders plan to equip the workforce with smart technology to introduce automation in the warehouse. Many are investing in devices such as smart watches, mobile printers, wearable computers, and smart glasses. Voice-integrated picking devices, which can increase efficiency by 15-30%, are now being incorporated into processes.

A Smart Workforce for a Smart Warehouse

Equipping the workforce with smart technologies not only increases productivity but can also help retain key talent. As of 2020, half of the workforce comprised millennials, a generation that grew up with tablets and smartphones and expects a digital work environment. Using outdated technologies and pen-and-paper processes will not appeal to this workforce. A smart warehouse will attract a smart workforce and enable companies to retain key talent. Additionally, smart solutions can make repetitive tasks less tedious and more fulfilling, improving worker satisfaction. Voice-Directed Picking (VDP) solutions, for example, allow workers to perform tasks naturally while reducing cycle times. New lightweight wearable technology can also reduce muscle strain compared to older handheld devices.

How to Integrate Smart Working

Talk to our team about our range of cutting-edge technologies to keep your warehouse and supply chain moving. Whether it’s a mobile computer, scanner, printer, or wearable technology, we have solutions to complement your strategy.

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