Importance Of Technology In Warehousing & Supply Chain Management

Navneet Agarwal, Director, Agarwal Packers & MoversA tech-savvy, Navneet always stays connected with the technology and leaves no stone unturned to make the company digitalized in all aspects.

Warehousing and storage refers holding and preservation of goods until they are dispatched to their desired location. Today, warehousing companies have a wide range of technologies to choose from. Warehouses nowadays provide the facilities of packing, processing and grading of goods. Goods can be packed in convenient sizes as per the instructions of the owner. With having so many new technologies these days, warehouses have been streaming rapidly in the industry by its features of reducing costs, improving efficiency and stream lining operations. Warehouses a key link in the supply chain, need to embrace Internet of Everything to reduce equipments damage and create an error-free process.

The scope for implementation of the Internet of Things (IoT) in warehousing is substantial. IoT provides visibility into the supply chain from the very first step of ordering the materials, to the end step of shipping them till it reaches the end customer or 3PL warehouses.

Challenges faced by warehouses include lack of space,offloading delays, improper space utilization, limited scope for improving revenues, and a dearth of visibility into partially used locations. To cover up with those drawbacks and to enhance it more in the industry, some industries with warehousing facilities have come up with new technologies, which not only embraces their market value but their way of working and satisfying their customers.

RFID: RFID is an efficient way to transfer data and track items. RFID tags can store up to 100 times the data of barcodes, allowing the management to keep a track of all inventories such as lot and serial number, size and location. RFID provides a way for organizations to identify and manage stock, tools & equipments, and others without manual data entry.

RFID can be used in a variety of applications:
• Access management
•Tracking of goods
•Increase inventory accuracy
•Improve customer satisfaction

Barcode: Barcode scanners are the discipline for complete accuracy for inventory management. These barcode scanners help the warehouses to record data five to seven times as fast as a skilled typist, which helps to maintain a proper inventory management of each and every good.

The following are some of the benefits of barcode pertaining to warehouse management:
•Fast and Reliable Data Collection
•10,000 Times better Accuracy
•Keyboard data entry creates an average of one error in 300 keystrokes. Barcode data entry has an error rate of about one in three million.
•Faster Access to Information.

IoT provides visibility into the supply chain from the very first step of ordering the materials, to the end step of shipping them till it reaches the end customer or 3PL warehouses

Fire Safety: State-of-the-art fire prevention systems and practices to ensure the goods remain protected from fire.

Below are a few benefits about warehouse fire safety:
•Warehouses with fire inspection must be up to code and safe.
•Warehouses designed with a sprinkler system therefore it can't burn down.

Warehouse Robotics: The ware-house knowledge and insight that IoT brings means that robotic automation is increasing prominently inside the smart warehouse.

Machine-to-Machine Technology: Over the last few years, machine-to-machine technology, or M2M, has greatly evolved into more sophisticated systems that help monitor and streamline all automation aspects of warehouse operations. Ware-house control systems, which are used within the warehouse automation process is another place where M2M can come in handy. A common scenario involving WMS and M2M is set in the context of a distribution company using M2M software to automate some of the order fulfillment process.

Server/Cloud Storage: Keeping records on paper & files is a much tedious task causing wastage of space. For the same a data warehouse is an electronic system that gathers data from a wide range of sources within a company and uses the data to support management decision making. Companies are increasingly moving towards cloud based data warehouses instead of traditional on-premise systems. It enables users to create a backup related to inventory, sales, and billing, which can be used for reference at any point and on time.

Paperless Pick & Pack System: Covering the green aspect of ware house technology, this system decreases the dependency on papers. Paperless Pick Pack System extends standard functionality to improve the speed, efficiency, and accuracy of the customer order delivery process. Paperless Pick-Pack-System uses mobile devices with scanners to increase the speed and accuracy of customer order picking and packing. It there fore, simplifies warehouse operations by automating shipping functions including integration with parcel ship-ping systems.