In a recent survey, 76% of warehouse professionals reported that they expect to invest more resources in real-time location systems — those that track inventory and assets throughout their warehouse. This type of investment has proven to cut frustrations, boost productivity, and achieve ROI.
How can a telematics platform deliver so much? Features like optimum routing and advanced locationing help smooth operations, which sets off a chain reaction throughout the entire operation. Ultimately, the benefits are greater fleet traffic management, productivity and reduced costs, which in turn increase your bottom line.
Telematics' impact on inventory and traffic management
A telematics platform can help managers improve operations in a number of ways. Here are six examples of how this technology can impact inventory and traffic management:
1. Integration between software and systems
All systems speak to each other, so you have awareness at a warehouse level. If a critical piece of machinery is down, for example, the planning engine knows that it needs to balance the transportation plan to eliminate overloading the warehouse.
2. Inventory visibility
Reports offer an accurate account of inventory and product availability. Advanced cloud-based telematics allows visibility into the company’s fluctuating inventory levels, ensuring product is available when needed.
3. Elimination of misplaced inventory
Lost product is frustrating and drags down the productivity of your entire operation. Telematics can track the location of vehicles and pallets, essentially linking data on forklift movement and pallets, eliminating man-hours lost while locating misplaced inventory.
4. Inventory accuracy
When you spend less time retrieving inventory, it means shorter cycle times, which, in turn, lead to a drop in warehouse costs. Perfect inventory accuracy also leads to a reduction in damaged goods and an improved shipment record.
5. Safer, faster, and simplified traffic routing
Get a comprehensive view of how traffic moves throughout the warehouse grid. Learn where jams and incidents typically occur, and receive warnings when traffic is building up, so you can proactively reroute and eliminate accident-prone areas.
6. Improved forklift and driver safety
Telematics facilitates safety in a number of ways. For one, managers can require the completion of a customized safety checklist — including items associated with the vehicle, the operator, and even warehouse conditions — before a vehicle will operate. Monitoring driver behavior through telematics fosters driver accountability, as drivers who know they are being monitored are less likely to make or repeat mistakes. And locationing technology can analyze historical and real-time traffic patterns, which allows managers to proactively avoid accident-prone areas.
A telematics platform can improve inventory management and warehouse productivity — not to mention, safety. The technology facilitates optimum traffic routing and forklift and inventory monitoring, saving you time, money, and frustration in your operations.