Managing time, productivity demands, and a wealth of data are just a few of the many challenges that warehouses and distribution centers face today. But managers don't need to be kept up all night with worry.
Here are 3 solutions for the top challenges faced by warehouse and distribution center managers.
1. Managing inventory with the help of technology
More and more, the supply chain industry is focused on how to get products to customers faster and with greater efficiency. Satisfying the customers’ need for speed is key.
While there isn’t a cure-all for managing inventory, telematics can help you refine visibility of your inventory and movement within your facility, positioning you to better meet customer demands.
Vehicle telematics provides insight into the actions, behaviors and location of all fleet operators. Advanced locationing software tracks the exact location of all inventory, creating visibility through optical position ceiling markers and high-precision cameras on each vehicle. This technology tracks vehicles and pallet locations, essentially linking forklift movement with data on the pallets.
2. Making wise choices when moving to the cloud.
Want costly delays and unexpected bills for cloud service? Then start planning for cloud migration and cost management without the proper insight to guide you.
Studies show that enterprises moving to the cloud without leveraging the correct analytics will spend typically 48% more than required, and those not actively analyzing data will spend 30% more than necessary on in-cloud deployment.
Peace of mind may be hard to come by in this industry, but one way to find it is by making informed decisions based on the right analytics for your business. It is vital to consider the Total Cost of Ownership (TCO), which goes beyond comparing in-house datacenter costs to the cloud service. TCO ultimately should factor in the cost of service and support long-term over the lifespan of the solution.
Your comprehensive TCO analysis must include 3 costs:
- Capital expenses: On-premises hardware & software
- Operating expenses: Services, support & maintenance fees to keep the equipment running
- Indirect costs: Potential downtime and time-to-market delays
Cloud savings is usually identified. A recent analysis completed by Nucleus Research found that when 70 companies adopted SaaS, cloud-hosted applications delivered 1.7 times more ROI than on-premises ones, and those benefits increased over time. The key is finding the right cloud platform that supports optimum efficiency.
3. Taking the time to right-size everything
Reallocating labor to right-size your fleet can save thousands — if not hundreds of thousands of dollars. Telematic monitoring provides the insight to accomplish this.
- It measures the movement of all assets in real time, including inventory and forklift trucks. It analyzes downtime and if all vehicles are utilized to their full capacity, assisting in right-sizing the fleet.
- It directs you to which operators are on the move, which are idle, and which follow optimal safety practices. This insight can guide you while deciding how many operators are needed on a shift, which controls labor costs.
Keeping up with today’s warehousing challenges requires accountability, a continuous process review, and a willingness to make changes. Deploying an advanced telematics platform can facilitate a scalable plan to stay one step ahead of the competition with measurable results and ROI.