Warehouse Technology Must Haves For Good Warehouse Management
A warehouse could never function properly without proper warehouse management in place, and efficient warehouse technology is at the forefront of success.
76% of supply chains are investing in technology to increase shipping volume. Did you know 95% of organisations are now in the cloud?
Periodic reviews and support of the latest warehouse technology are crucial to warehouses who wish to remain successful above competitors. With advanced warehouse technology at an all-time high, businesses now have so many options to choose from. Also, investing in this technology to reduce costs, increase productivity and streamline operations.
In this blog, we discuss warehouse technology you can use now and shortly to improve your warehouse management.
Labour & Learning Management Systems
Labour management technology will help effectively manage and take control of expenses. Investing in this type of warehouse technology means you can measure productivity more efficiently. Labor management systems help diminish timing presumptions in this critical measurement. Even better, when merged with a good warehouse management system, warehouses can easily avoid labour costs.
Take the stress and time away from training staff. While training is critical for a smooth-running, safe warehouse environment, it doesn’t have to absorb too much time. A learning management system can train warehouse staff regularly online. This warehouse technology is simple to use and creates training material that suits your needs.
Move to The Cloud
Over the past few years, the cloud has become the perfect solution for supply chains experiencing data-storage issues, but it’s evolving at a fast pace. Did you know that by 2020, more than 75 percent of supply chain processes will exist in the cloud? Plus, with the increased cybersecurity offering, the cloud will provide companies incentive to move operations away from unpredictable, on-site storage.
Cybersecurity at high priority
With increased warehouse technology, comes more opportunity for hackers and security threats if the systems aren’t well protected. With the excess use of the cloud, mobile, and social media, the difficulty of how businesses try to protect all devices has increased. Systems, data, personal information, and money are massive security concerns. Using self-protecting applications and behaviour analytics will improve safety.
Returns Management System
Returns are an expected aspect of managing a business. Did you know, at least 30% of all products ordered online are returned as compared to 8.89% in brick-and-mortar stores? While they are inevitable, if not handled correctly they can cause damage to your reputation.
A return management systems will keep track of returns and store data to provide insight on which customer is returning what, the reason why and the correlated costs. A returns system can even process the refunds This type of warehouse technology collects information, helps maintain inventory control and takes notice of consumer buying behaviour.
For advice on the importance of a clear return policy, read our previous blog here.
Warehouse Management System
One of the most popular systems in warehouse technology, to get the most out of all the systems you invest in, you should own a unified warehouse management system (WMS). A warehouse management system is the backbone of your operation. It stores standard data, such as inventory information and stock locations.
A WMS lets workers know where they can find a particular product, which improves the fulfilment process of completing an order because it’s able to categorise product locations. You can integrate your WMS with other systems mentioned, such as return management systems or a shipping system, to better streamline your operation.
Here at Bray, we use a system called Khaos Control, developed by Keystone Software.This is pretty much a one-stop shop for the warehouse management processes. We use all but the accounting function in the system because we use Sage, but Khaos is a good solution for SME’s.
The Future of Warehouse Technology
As warehouse technology becomes more advanced in logistics, it’s down to the business to ensure they remain in the loop on latest technologies. Future innovations such as the use of drone delivery [link to blog] will soon take over in the industry. Utilising warehouse technology is essential for streamlined operations and successful supply chains. Optimising warehouse operations through warehouse technology will ensure that goods, materials and products keep in order.