With the kind of advancement being experienced in technology currently, newer and more advanced solutions that will catapult warehouse management and shape the supply chain of tomorrow are coming up every day. Supply chain stakeholders and third-party logistics service providers (3PLs) all around the world are looking to find the best footing so as to make both outbound and inbound logistics both flexible and adaptable to the changing times. Right from the potential spectacular changes if the power of the cloud is harnessed to the applications of Big Data, there is a need to know some of the top warehouse management solutions that will determine your future. Check out our compilation of the top four below:
The Omnipotence of the Cloud in Warehouse Management
As we have mentioned above, the power of the cloud in propelling warehouse management into the future is immense. All indications are that the cloud is set to become omnipotent in this regard. The cloud is already positioning itself as a go-to solution for the supply chain in cases where data storage challenges are rampant, and it is growing at an awe-inspiring pace. By 2020, over three-quarters of supply chain processes will be hosted in the ever-connected technology, with more and more companies migrating their systems to the cloud. In the meantime, the quick pace in migration will continue pushing entire supply chain systems toward a platform-based approach to successful warehouse management. In addition, the enhanced cloud cybersecurity is set to make it easier for companies to move their operations from the riskier on-site storage facilities to the cloud.
Technological Advancements in Robotics & Automation Will Lower Physical Strain
With robotic systems quickly taking over and bringing automation to warehouse management, this will tremendously reduce the overall workload and physical strain on supply chain workers, eventually replacing pickers’ labor demands. With both packing and shipping also moving toward automation, warehousing is truly on the verge of going fully technological. The Internet of Things (IoT) is also expanding, with more and more mobile devices taking advantage of the Internet. Some of these include wearables that enable the reduction of equipment costs, as well as risks and challenges associated with visibility in both factories and warehouses. As warehouse robotics move toward becoming more technically advanced, drones and autonomous vehicles will make the fulfillment of customer orders a more seamless and cost-effective 24/7 activity.
Order Streaming to Boost Warehouse Management
With order streaming activities like picking and slotting being impacted by newer technologies, this will tremendously reduce the time taken to stock and pick for each order. This way, businesses will be able to enhance productivity without raising overhead costs, subsequently providing higher benefits and creating more investment opportunities in other parts of the supply chain. The funds saved via better warehouse management techniques could be used to, for instance, upgrade fleets or service tiers for their customers.
The IoT, Big Data & Inventory Management Accuracy
Harnessing the power of Big Data and the Internet of Things (IoT), automation can be used to enhance accuracy in inventory management by reducing errors to create intuitive and responsive warehouse and supply chain systems. Better and advanced data analyses will lead to the processing of more data and information using cloud-based computing power. This will bring forth new possibilities that will lead to the improvement of supply chain standards and the adoption of best practices in warehouse management.
So, What Else?
Currently, the world is experiencing an evolution of warehouse management technologies, with global supply chain systems on the verge of a major revolution. IoT-enabled gadgets are soon coming to our homes. The operation of entire supply chains is being redefined. Opportunities for growth and advancement are becoming limitless. With all these technological changes, the question you should be asking yourself is: will you sit on the fence and let others pass by as they leverage on these technologies or will your business be part of the major paradigm shift coming?
Justin Bright – CEO Brighter Logistics