The advantages of big data go far beyond helping you monitor your fleet. In a warehouse environment, telematics and inventory tracking hold key insight into the whereabouts of inventory and the actions of your workers.
How productive are your individual employees? How safely do they do their job, and do they thoroughly complete required safety checks? Worker shortcomings can cost you — in injuries, down time, damaged equipment, and OSHA violations.
Telematics can identify those risks and inefficiencies so you address them in real-time, as they occur.
When tracking goes beyond your fleet
Labor accounts for an astounding part of the operating expenses for a standard material-handling operation. As much as 70 to 90 percent goes directly to paying for labor. In an ideal environment, the equation is simple: the cost of labor equals the work performed. But the equation only works if things are operating as they should.
Without detailed knowledge of, for instance, how much time drivers spend active with load or whether certain areas of your warehouse are more prone to accidents than others, you will struggle to set labor standard benchmarks, measure productivity improvements, and reign in labor costs.
According to SupplyChain24/7, to get control over the costs of doing business, companies need a disciplined way of managing and delivering results with their labor forces. Telematics provides the necessary insight to do so.
A telematics platform in your operation offers:
- Identified, data-driven changes to the routine of your drivers — beyond just clocking in and clocking out — to target real productivity, like actual time spent moving products.
- The ability to pinpoint driver inefficiencies or a need for further training.
- The ability to identify where workflow or personnel changes would improve productivity.
- Improved inventory accuracy. Misplaced pallets lead to unwanted costs and so does a poorly planned warehouse. Monitoring and measuring the movement of assets in real time, including inventory, is vital to identifying and then eliminating the source of inefficiencies.
- The ability to plan traffic patterns for the most effective locations for fast-moving pallets. In practice, it becomes possible to move every pallet up to 15 seconds faster, and, over time, you can reduce operating costs and boost productivity.
- An improved “big-picture” visibility for your Warehouse Management System (WMS), helping you forecast and highlight hidden costs, such as worker safety, damage to inventory or racking, and premature wear on material.
Telematics can offer a complete, effective strategy for labor and inventory management, identifying the cause of warehouse inefficiencies and, most importantly, what needs to be done to improve performance.
The SX/VX Advanced Telematics Platform is a great example. It combines data from all three elements that make up your warehouse operation — inventory, people, and hard assets — to provide comprehensive insight to support your WMS.