As the logistics sector continues to continue its burgeoning growth, it also faces a climate of continual regulation additions and greater demands on tracking and efficiency. Logistics experts know there is always something that can be improved when it comes to warehousing and storage. The trick is identifying the trends, make a tangible difference, facilitate increased efficiencies, and provide companies with a healthy return on investment (ROI). Here are a few things that logistics providers should be focusing on this year.
Like Apple Watches help us track our activity and more, the new logistics wearables are designed to increase productivity, reduce errors, and lower costs across the supply chain. Wearable voice systems and scanners have been around for a little while, but only recently are they getting more sophisticated. Some projections claim that 70 percent of warehouses will jump on the wearable bandwagon by 2023. These wearables could be something simple like portable barcode scanners to something out of The Jetsons like smart glasses that signal exactly what a person should pick during fulfillment. The ROI is proving to be high, especially on those wearables that are used for warehouses with a high volume of picking–every second saved can yield big returns.
Radio Frequency Identification Tags and Product Sensors
Radio-Frequency Identification (RFID) is “The use of radio waves to read and capture information stored on a tag attached to an object.” The tag can be read from several feet away and doesn’t even need to be in the direct line of sight to be tracked. Composed of two parts, the tag and the reader, RFIDs have a transmitter and microchip embedded so it’s easy to track and locate goods. It’s also an efficient way to establish a chain of custody, which is becoming more important, especially in the Pharma niche of logistics.
Product sensors are used for the exact same reason. New sensors in the market are tracked where a package is via rail or road, but they can also monitor cargo across oceans and air. They don’t just track packages either, they also transmit data on location and environmental variables the package is undergoing including temperature, pressure, tilt, shock, humidity, and pilferage. This information goes to all relevant stakeholders across the supply chain, enabling their cooperation and appropriate response to previously unforeseeable circumstances. In this way, product sensors can stop problems before they happen and preserve both product quality and company reputation.
The Strategic Approach: Combination Inventory Control Systems
Ever heard the old adage that one should never put all their eggs in one basket? The analogy fits here perfectly. Logistics providers who want to keep costs low and efficiencies high should use a combination of warehouse and storage IT tools to meet the growing demand in the logistics market space. As experts in handling such sensitive niche markets as food, grocery, and pharmaceutical, we at Merchandise Warehouse understand how important it is to find a good mix of tech solutions to provide stellar, consistent service and also provide opportunities to increase their profit margins. If you’d like to learn more about how we manage our warehouses to their highest efficiencies, please contact us by web or by phone at 317.632.2525.