Does your warehouse or distribution center struggle to keep up with current inventory demands? Can it meet customer expectations for fast delivery? Is it well-positioned to manage an increase in business over the next several years?
Online sales in 2018 will total about $504 billion. These sales are projected to surpass $560.7 billion in 2019 and expected to grow to more than $700 billion by 2022. If your facility struggles with current inventory schedules and demands, it’s defiantly time to find a solution that mitigates challenges and supports business growth in the future.
New technology can facilitate greater speed and accuracy with orders and boost efficiency across your entire enterprise. Investing in the latest upgrades in telematic software and devices that leverage the IoT may make the difference between thriving or just surviving as business increases.
- It is easy become complacent about investing in updates. Your current software system may be antiquated and delivering data that is hard to understand. Today’s telematic software platforms deliver ROI because they can fully integrate with the your warehouse system, digest all the data for you, and provide a complete picture of all business operations, including the root cause of impacts, damaged inventory, and safety challenges.
- Product movement in the warehouse must be able to keep pace with demand. Upgrades to your forklift-monitoring software can help optimize your fleet to determine exactly how many trucks your operation requires. An important telematic feature, “simultaneous utilization,” delivers a complete picture of forklift utilization in your facility, delivering data that highlights trends and patterns in forklift and operator usage.
- The most obvious route for forklift traffic may not be the optimum choice when it comes to speed and safety. Software monitoring systems can determine if the current routing is efficient, if accidents or near-misses are slowing things down, or if some lift-trucks have extended periods of sitting idle waiting for aisle traffic to clear.
- Real-time monitoring of forklifts and inventory can save valuable time. Today’s indoor locationing capabilities create more “context-aware” systems, which improve locationing down to the square-inch. If you regularly lose valuable time locating drivers or misplaced inventory, these monitoring-system upgrades can save time and frustration.
- Problems and safety infractions increase in direct correlation to business growth. It is important to identify problems as they are forming and take preventive action. Safety issues cause more than just physical injuries. For example, impacts and accidents slow all movement in the warehouse and, depending on the timing, drastically cut productivity.
As business demands increase, so does the need to address current order fulfillment challenges. Upgrades to technology and software within your facility can quickly deliver ROI and provide actionable insight that eliminates inefficiencies and facilitates the ability to manage growth and increased demand.