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|Leading Trends In Warehouse Automation And Management by EXIMA: 7:46am On Sep 15, 2021|
The future of warehousing is automation. Warehouses have become more agile, responsive, and self-sufficient due to the increased use of robotics, artificial intelligence (AI), and data analytics.
Aside from reducing the scope of human error, the implementation of automation also fine-tunes warehouse management in terms of temperature control, detecting potential cyberattacks, and sending alerts in the event of any scarcity or oversupply of any items. Thus, warehouse automation is expected to become a $27 billion industry by 2025, while the logistics automation industry will reach $104.2 billion in the same year.
Here are the five leading trends dominating warehouse automation management:
Robotic autonomous forklifts are now being used in an increasing number of warehouses. Besides accelerating the pace of work, they can also reduce labor costs and optimize workflows. Technology is constantly evolving, which means the return on investment calculations are now much more favorable than before. For example, in the US, a typical warehouse spends almost 65% of its budget on labor costs, a figure that is increasing by up to 3% each year.
Data Analytics Tools
Data analytics tools can notify warehouse managers of upcoming demand for specific items, allowing them to prepare inventory ahead of time. For example, there may be an increase in demand for water heaters during the cold winter months. Instead of rushing to meet such demand, businesses will be able to plan ahead. This allows warehouses to be more agile and responsive to market demands.
The Internet of Things (IoT)
The Internet of Things (IoT) can connect all necessary devices and systems while collecting operational data to increase the likelihood of detecting a scope of error at an early stage. For example, if the temperature in which medicines are being stored fluctuates, an alert will be sent to the appropriate team to take remedial measures.
Automated Picking Process
Picking is most likely one of the most time-consuming activities in warehouse management. It demands long hours and much labor work, consuming a significant amount of production time. Many big companies such as Amazon and Walmart are therefore integrating automated picker robots into their operations. These robots can collect products and transport them to a central location, allowing human employees to complete the next job tasks much more quickly.
Cloud-Based Inventory Management System
Lastly, cloud-based tools offer real-time data monitoring from a remote location. It helps managers to keep an online record of the items coming into and leaving the warehouse. Because all data is processed in the cloud, it reduces the possibility of human error and provides foolproof recommendations to optimize warehouse management.
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