AI / ML
Just like many other industries , the manufacturing industry is going through an immense period of change . Industry 4.0 and the introduction of new , disruptive technologies are , together , bringing about a number of opportunities for the industry , with many set to transform their warehouses to streamline processes and improve efficiencies .
These new technologies are crucial as manufacturers battle challenges to drive profit and improve efficiency . One key challenge is the trade-off between inventory accuracy – which is so crucial because it ensures that workers picking products from locations to fulfil orders are as productive as possible – and the costs needed to achieve that accuracy .
Cost is another important element for the industry to consider , because incorrectly fulfilling an order can be very costly due to returns , waste , chargebacks and high reverse logistics costs .
“ The ‘ warehouse of the future ’, as we ’ re calling it , brings together the latest technology under one roof . It creates a logistics command centre that ’ s driven by innovation ,” says Sandeep Sakharkar , Chief Information Officer at GXO , the world ’ s largest pure-play contract logistics provider focused on helping businesses solve their supply chain challenges through expertise , advanced automation and a global network of warehouse space . technologymagazine . com 115