The Power of Utilizing Technology For Warehouse Management
Proper utilization of technology for warehouse management holds great potential in a digital world. Advanced systems’ abilities enable sophisticated and complex algorithms to derive actionable insights from small parts of data. When applied in the modern warehouse, this technology can enhance labor productivity, reduce delays, identify causes of inaccuracies and errors, and streamline operations to allow for around-the-clock peak efficiency. Since obtaining C-Suite support for technology for warehouse management upgrades and implementation can be difficult, warehouse managers should begin the process by identifying the existing weaknesses, explaining why the new technology is necessary, and how it will add value to the organization.
The Problem: Warehouses Aren’t Using Technology, Absolving Data Opportunities
Warehouses that are not using technology increase the risk of losing opportunities, eroding profit margins. Even a moderate use of warehouse management technologies has been associated with a 70% decrease in errors throughout all operations. Furthermore, failure to use newer technologies results in greater use of manual processes, resulting in risk of errors and added costs derived from poor labor efficiency.
The Solution: Technology For Warehouse Management Is Available For All-Sized Warehouses
Technology for warehouse management has evolved in the last five years. Technologies that in 2000 were considered to be at the forefront of development are now obsolete, and the rise of software-as-a-service (SaaS) technology platforms make technology available to small and mid-sized businesses (SMBs), explains Gross Mendelsohn, as well as to the larger competitors. The greatest opportunities of utilizing technology for warehouse management surround improvements in productivity and efficiency, a true reward to the warehouse of the future.
The Reward: Deployed Technologies Help Warehouses Realize Big Savings
Simply adding technology in a warehouse garners great benefits, but technology deployed throughout an entire operation could drive costs to record-lows. One of the most common types of deployed technology is a comprehensive, integrated warehouse management system. As explained by Greg Miles of Central Penn Business Journal, deploying this specific type of technology can lead to the following benefits:
- Picking travel times reduced by 20%.
- Achievable ROI within four to 12 months.
- Systems designed to meet the needs of small to mid-sized businesses.
- Outbound shipments volume increased by 15%.
- More than 99% order accuracy.
- Ease of integration with legacy systems, as well ERP, EDI and API.
Unlock the Power of Technology For Warehouse Management Today
The potential benefits of utilizing warehouse management technology are clear; warehouse managers can experience great surges in efficiency, cut costs resulting from higher-than-average return rates, and meet increasing consumer demands. Stop looking for ways to put the power of your legacy systems to use, and consider moving your entire system to a newer, more sophisticated platform, or at least integrating it with newer technologies. Schedule a call with Veridian by clicking the ‘Schedule Consultation’ button to find out more about key ways to put technology to work in your warehouse or distribution center now.
