How much is time worth in your warehouse? If your business is growing, inefficient use of time may quickly transition from a nuisance to a full-blown problem.
To be fair, some of the waste in your facility may be unavoidable, especially if your warehouse management system is old and outdated. Your employees may simply lack the insight and actionable information required to reduce operating costs, save time, improve productivity, and increase safety.
This may sound like an excuse, but it is a legitimate one. You need the right tools to do the job right. This is why it’s wise to look into current cost efficiencies and weigh in on the value in updating old warehouse technology.
7 tips for deciding to upgrade warehouse technology
1) Take stock of today and tomorrow’s needs.
If your enterprise is growing, or anticipates growth on the horizon, now is the time to take stock of your current situation and establish a solid plan that will support the future.
2) Scale your technology.
Make it align with your business’ development and plans for the next 5-10 years. This prevents oversights and struggles to meet new customer expectations once the business grows.
3) Invest in telematics that tracks location.
Transparency is not just for meeting certain regulatory standards; it also saves time and money. In fact, 76% of warehouse professionals reported they will invest more resources in real-time location systems that track inventory, operators and assets throughout their facility. This investment has proven to improve driver behavior, boost productivity, and achieve ROI.
4) Look for easy integration.
Invest in technologies and software platforms that can grow with your business. Look for a telematics platform that will support add-on components to grow bandwidth and capability.
5) Plan for proper training.
Workers appreciate tools that make it easier for them to do their jobs, but only if they know how it all works.
6) Look to the cloud.
Don’t invest in costly hardware that will be obsolete in a couple years. For an accurate account of inventory and product availability, look to advanced cloud-based telematics. It delivers visibility into the company’s fluctuating inventory levels, ensuring product is available when needed.
7) Invest in technology that identifies problems and provides solutions.
Seek a software that tells you everything you need to know, with simplified actionable answers. The latest telematics software can give you back 3-4 hours lost to running lengthy reports and analysis. With all information on one screen, you can effectively focus on what matters: KPI problems, solutions, and planning for continuous improvement.
Changing how you monitor and identify issues across your enterprise can simplify tasks and uncover potential problems before they fully develop. It’s a cost-effective move to invest in new technology upgrades that will grow with you, helping to reduce inefficient use of time and resources.