Tag: Distribution and Logistics Services

Outsourcing services

Top 3PL Service Providers in the World Today

Logistics has always been at the forefront of economic and business development. With increasing globalization, many global companies have started outsourcing their logistics-related activities to 3PL service providers since it helps them to concentrate on their core business functions. The third-party logistics (3PL) services industry has been expanding rapidly, driven by the rising awareness of the cost-saving benefits it offers. Consequently, revenues generated by the 3PL industry have risen drastically and its growth rate is now much higher when compared to several country’s overall GDP. At present, some of the most commonly availed 3PL services include warehousing, outbound transportation, inbound transportation, customs brokerage, freight forwarding, customs clearance. However, despite the promising growth of the logistics services industry, challenges such as the unavailability of effective reporting systems, lack of collaboration, and inability to meet shippers’ requirements pose major hinderances for 3PL service providers. (Source: Global 3PL Services Market – Procurement Market Intelligence Report)

Listed below are some of the major 3PL service providers who are making a name for themselves this year:

DHL

Headquartered in Germany, DHL currently employs more than 500,000 employees around the globe. They are among the top 3PL service providers in the world and offer a comprehensive suite of services to meet varying business requirements. From the initial stage of offering consultancy services to reverse logistics, DHL offers a host of supply chain solutions for every sector.

3pl service providers

KUEHNE + NAGEL

Founded way back in 1890, KUEHNE + NAGEL now has branches in more than 100 countries. They employ more than 75,000 people and are one of the best 3PL service providers in the world. What sets them apart from the other 3PL service providers is the fact that they are among the top three sea freight and air freight service providers in the world.

3pl service providers

DB Schenker

In 2016, Gartner recognized DB Schenker as the world’s leading company in the 3PL logistics industry. They are headquartered in Germany and have branches in over 130 countries across the globe. They are considered to be among the best 3PL service providers in the world with assets in air, rail, and maritime transport.

3pl service providers

Nippon Express

Specializing in logistics consultancy, Nippon Express is one of the well-renowned 3PL service providers in the world. They specialize in offering one-stop business solutions that help connect people in diverse geographical locations. Nippon Express was founded in 1937 and is currently headquartered in Japan. They employ more than 70,000 people and have offices spread across 42+ countries.

3pl service providers

C.H. Robinson

C.H. Robinson aims at improving global trade by delivering products and goods that facilitate commerce. They were founded in the year 1905 and are currently headquartered in the US, with offices spread across 39+ companies. They are one of the well-known 3PL service providers who aim to improve transportation and supply chains by delivering excellent value to suppliers and customers alike.

3pl service providers

 


The procurement market intelligence reports from SpendEdge offer a comprehensive cost and supply market analysis. This procurement report also offers insights into the major 3PL service providers and sheds light on the major cost and volume drivers and procurement best practices to save costs.

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supply management

Supplier Chain Risk Management Helps a Prominent Ecommerce Logistics Provider Improve the Business Efficiency by 13%

Overview of the Logistics Industry

Over the last couple of years, logistics has become an integral component of ecommerce businesses as it plays a pivotal role in planning, controlling, and maintaining the flow of products from the source to the final destination. The growing popularity of cross-border ecommerce logistics and the relentless growth of the ecommerce industry will contribute to the growth of the logistics sector. Moreover, with the rise in trading activities, businesses are finding new ways to optimize their logistics process and gain better visibility into the supply chain activities.

Some of the factors that may curtail the growth of ecommerce logistics space include:

  • Maintaining transparency: With the growing demand for authenticity and reliability in the product offerings, leading organizations are facing challenges when it comes to maintaining transparency in the supply chain activities. Moreover, organizations should also ensure better visibility to keep track of the movement of goods from the source to the destination. The alternating preferences of the consumers towards convenience and agility are compelling businesses to maintain transparency in their product offerings.
  • Increasing efficiency: The presence of numerous competitors has brought in a considerable number of choices for the consumers. Therefore, to retain customer loyalty, it becomes essential for businesses in the ecommerce logistics space to curtail the time taken to deliver the products while maintaining the quality of the products offered.

To counter these challenges and identify the potential risks in the supply chain, organizations are opting for a supply chain risk management solution. Supply chain risk management helps businesses to identify, monitor, detect, and mitigate threats to maintain supply chain continuity and profitability.request free proposal

The Business Challenge and Our Journey

The client, a renowned ecommerce logistics provider, wanted to identify disruptions in the supply chain activities in terms of cost volatility, material shortages, supplier financial issues, and failures. With the help of industry best practices, the client wanted to collect, analyze, and manage supplier information efficiently. The primary objective of the client was to gain relative insights into the potential financial issues and automate the detection process to prevent any supply chain disruptions.

To identify challenges in the supply chain activities, the procurement experts at SpendEdge carried out extensive research comprising interviews and discussions with prominent stakeholders in the ecommerce logistics space. The experts also compiled information across a wide array of reliable sources such as trade shows, company presentations, industry forums.

The supply chain risk management solution offered by SpendEdge assisted the ecommerce logistics client to understand the typical risks associated with the suppliers and its impact on the business performance. Moreover, the client was able to identify the mitigation strategies to curtail such risks. The supply chain risk assessment solution also helped the ecommerce logistics client to gain an accurate understanding of the current supply chain and accordingly restructure their financial resources to improve their business efficiency.

Fundamental questions answered in this supply chain risk management solution include:

Sp- supplier chain risk management


The Results

SpendEdge engagement offered deep-dive insights into the compliance and regulatory issues in the ecommerce logistics space. The client was able to profile the macro and micro-economic risks and further reduce the potential risks associated with the supply chain.

To know more about our supplier chain risk management solutions

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IR6

2018: New Year, New Trends – Where is the Transportation Industry Heading?

Today, the importance of transportation is far greater than getting people and goods from point A to point B. Advancements in technologies have enabled the logistics and transportation industry to improve the quality of their services. Global businesses and international trade rely highly on the transportation services to move the flow of goods within the economy. Virtually everything around us from the clothes we wear to the device we use is sourced from multiple locations across the world. As every component has to be transported to different players across the supply chain, the overall cost keeps on increasing due to shipping charges and other value-added activities. As a result, the transportation industry is constantly on the lookout for ways to contain this cost. So what are the top trends in the highly competitive transportation industry for 2018?

TRANSPORTATION INDUSTRY TRENDS

Self-driving trucksSE_Demo2

Last year, the hype was all about self-driving cars and its ability to seamlessly drive around cities without any mishaps or accidents. This year though, the concept has evolved to bigger vehicles – self-driving trucks. A combination of AI and myriad sensors can correctly evaluate road conditions and learn how drivers behave under specific conditions. Additionally, vehicle-to-vehicle (V2V) communication systems can share learned information and improve the AI driving pattern. As a result, such self-driving trucks can potentially become better drivers than human themselves. Tesla recently announced Tesla Semi an all-electric truck with Tesla Autopilot, which allows semi-autonomous driving on highways.

Blockchain in logistics

One of the major problems faced by the transportation industry is the difficulty to effectively look at performance history and trace the flow of goods. Blockchain’s ability to provide security and transparency efficiently solves this complication as a logistics company can quickly recall the product back to its origin in case any damage is there. Additionally, if a potential customer wants to buy a used car, he may not have any information in the previous condition of the vehicle. However, with blockchain, all parties involved in the transaction can have a clear view of the past records. Another interesting use case of this technology can be to estimate the cargo space for specific shipping orders. The data can be used to calculate the shipping costs, after which automatic contracts can be executed when certain conditions are met and consequently stored into the blockchain network.

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IR26

Benefits of Warehouse Management System

A modern-day warehouse has to deal with large volumes of goods flowing in and out of it. The warehouse also has to manage recording item details, where it is stored, where it is to be sent among others. Manual systems may not be able to cope with such large volumes of data which has to be processed and retrieved instantaneously. This is where a proper warehouse management system (WMS) can contribute to increasing the efficiency of warehouse and in turn contribute to the company’s supply chain. A warehouse management system can be a standalone application or a part of an ERP system which enables centralized management of tasks SE_Demo2regarding inventory tracking and processing. Numerous have elevated the capabilities of warehouse management system to perform data-intensive tasks and incorporate RFID and voice recognition technology to enable automation.

Benefits of warehouse management systems

Space savings

Reducing the amount of clutter and properly organizing stocks can lead to savings in warehouse space. A warehouse management system allows the warehouses to properly organize the goods in such a manner that they take up less space. Enabling accurate stocking, slotting, and pulling of orders gives in-depth insights to companies in how much stock is needed so that they can procure only the required amount and avoid overstocking.

Reduces equipment wear and tear

Warehouses are filled with stocking and moving equipment including trucks, pallet jacks, forklifts, and carts. The more these equipment are used in a single day; the more vulnerable they are to wear and tear decreasing the life expectancy of the equipment. Increasing the machine idle time will ensure that the machines last longer. So, a warehouse management system can increase the machine idle time by eliminating the need to stock, pick and reset unnecessarily. They do so by reducing redundant picking routes, managing inventory optimally, and decreasing the per-equipment cost of shipping.

Reduces security vulnerabilities

Security is of the utmost importance in a warehouse. There might be instances of pilferage and theft within the warehouse by employees, which can be easily manipulated by changing stock numbers in a record keeping system. An effective warehouse management system will keep up-to-date records of inventory and provide authorized access to specific users. Instances of tampering can be easily identified with user-specific logins. Furthermore, automated systems like RFID can effectively eliminate such activities by keeping real-time information on inventory levels.

Increases customer satisfaction

A proper warehouse management system keeps accurate track of inventory levels and reduces errors in order fulfillment process. Eliminating such errors means that wrong deliveries are avoided, which would result in dissatisfied customer and increased costs in terms of reverse logistics. It results in goods getting delivered in proper condition to the correct customer each time, which increases the customer satisfaction levels and decreases the number of customer complaints.

Boosts workforce productivity

A typical warehouse is a very busy place with workers hustling and bustling to receive, stock, and dispatch items. A typical worker would have to move around a lot making multiple trips to the same place and also making additional trips to rectify errors. A warehouse management system reduces such errors and ensures optimal stocking so that workers would have to move around less within a warehouse. Additionally, it also reduces overexertion and allows workers to pick up more items in less time thereby increasing efficiency in order fulfillment. This may also result in the organization needing lesser workforce due to higher productivity gains saving them in labor costs.

For more information on benefits of warehouse management systems (WMS), warehouse control systems, inventory management software, facilities management, WMS solutions, and logistics and supply chain management:

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IR18

4 Little Changes to Obtain Big Savings in Shipping Cost

Companies can get competitive in terms of cost at a product level but face challenges maintaining the prices when shipping costs are taken into consideration. It is one of the biggest expenses for numerous small businesses. Depending on the nature of business and contract negotiation, shipping cost is either borne by the buyers or sellers. Regardless, since it accounts for a significant percentageSE_Demo2 of the product cost, companies are looking for measures to reduce and realize savings on the shipping costs. Here are some of the ways to trim the shipping costs to remain competitive in the marketplace:

Negotiation with Multiple Carriers

All shipping companies have pricing schedule based on volume, product type, and distance. It would be unwise to explore rates of multiple shippers constantly. Shipping needs of businesses may change over time and so may the pricing. Another place where small businesses can save money is while negotiating shipping volumes. Although service providers may affix a fixed rate for volume shipping, businesses can negotiate to lower the shipping rates for a fixed volume.

Reduce Shipping Errors

Majority of the money spent on the shipping cost of wasted in correcting shipping orders delivered to the incorrect location. Such errors not only increase the shipping cost but also increase the overall shipping time thereby reducing customer satisfaction and repeat business. Since small businesses may not be able to afford real-time wireless warehouse management system and bar-coding solution, it is necessary to double check all shipments against the original order to make sure the address is validated.

Using Packaging Provided by the Carrier

Proper packaging is essential to ensure that shipments reach the destination safely and intact. To ensure safety and for branding purpose, companies might want to use their own packaging which can incur an additional dimensional fee if the size exceeds regulations set by individual carriers. Additionally, companies can make simple packing mistakes such as using the wrong-sized box, using weak or compromised box, use wrong packing material, or poor taping job. Using packaging provided by carriers not only eliminates the extra-dimensional fees but also ensures that packaging job is proper. Companies can save as much as 10%-20% of the shipping cost this way.

Consider Hybrid Services

Many carriers are now offering hybrid services like FedEx SmartPost and UPS SurePost which can cost half as much as standard delivery options. Such services reduce the transit time, minimizes handling and maximizes cost savings. These services reduce the delivery cost by collecting packages from you and shipping them to the post office that is closest to the destination. The post offices then use local mailman to make the final delivery. Although it can lead to substantial cost savings, it can slow down the delivery time.

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procurement risks

A Futuristic View of the Logistics Industry

What will the future of logistics industry look like? Will it be as easy as ABC when the teleportation technology is finally ready? That may stand true in a very far future, but the technologies and developments at present doesn’t look to disappoint the logistics industry either. A number of disruptive technologies including IoT, autonomous vehicles, blockchain, robotics, and predictive analytics are impacting how the logistics industry will function in the near future. Such unprecedented change in technologies is bound to drive the supply chain to be leaner, faster, and automated. That’s a huge sigh of relief for procurement professionals who are having sleepless SE_Demo2nights due to increasing overheads and pressures to meet customer expectations.

The Future of the Logistics Industry

Underground Freight Networks

Today, the majority of the consumer commodities such as water, gas sewage, and oil are transported through underground pipelines. In the near future, delivery of the consumer goods may follow the same path. Some countries in Western Europe are already testing out ways to transport consumer goods through automated subterranean networks. For instance, in Belgium, the University of Antwerp started working on a project “Underground Container Mover” that would transport large 40ft containers along a 21km long conveyor belt carrying 5,500 shipping containers each day. Such systems would enable a constant flow of goods without the worry of traffic and accidents.

Autonomous Fleet

Fuel and vehicle costs are not the only major cost components for goods transportation in the logistics industry. The vehicle has to be manned by drivers and delivery personnel, which incurs costs. Also, drivers and delivery personnel can only perform a certain amount of deliveries in a day. So the companies in the logistics industry are looking at autonomous fleet solutions to solve such issues. One of the most popular solution in this regard is drone delivery which has been optimistically looked upon by Amazon. Autonomous vehicles are also making its way in the warehouse in the form of vision-guided fully autonomous mobile robots, which can automatically process orders and move inventory across the warehouse.

E-Brokerage Platforms

Digitization has highly influenced the logistics industry. The growth in e-tailing and connectivity technologies have brought in new solutions for the logistics industry. Digitization in trucking has forced traditional freight brokers to revamp their business model towards mobile freight brokerage solutions. Companies are looking to implement uberization of trucks in order to utilize empty spaces and contribute towards the sharing economy. In the future, apps may be able to match truck drivers with shippers requirement on routes, rates, and schedules. Such apps can also automate the delivery dispatch, status change, load-finding, and driver payment processes. The end result would be savings in operating and fuel costs by improving asset utilization.

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IR18

Undeniable Benefits of Warehouse Automation

Automation is the most trending topic in the 21st century as all industries are embracing the technology to attain multi-fold productivity gains. Automation has been widely used in the manufacturing industry to reduce human efforts and errors. However, other business areas and industries are already looking at automation to be the gamechanger, one such area being warehouse automation. Warehouse automation includes the use of control software and radio data terminals to make simple decisions on storing and indexing items. Additionally, automation can also be used in a warehouse with robots, automated cranes, sorting machines, andSE_Demo2 conveyors. So how can warehouse automation benefit the organization?

Benefits of Warehouse Automation

Increase Efficiency

The efficiency of warehouse highly depends on quickly identifying where every product is located. Previously, warehouse staffs relied on manual indexing systems to find where each item is located which took a lot of time. With warehouse automation retailers can instantly locate any of their inventory eliminating all possible human errors. Additionally, centralized data systems keep managers and other personnel connected continuously with real-time access to data on inventory and shipments. Such systems usually use barcodes and RFID to track each SKU’s, their origin, location, and destination.

Eliminate Errors

Mistakes made in the warehouse not only increases waste and reduce efficiency but also decreases the customer satisfaction when wrong products are delivered. Additionally, if the product is lost or misplaced, retailers not only lose the price value of the goods but also potentially lose business with customers. Also, they will have to allocate valuable personnel time to deal with the mistake and compensate for the error. Bar-code and RFID technology can display all information of a package including who, when, and where to deliver. In addition to that, such technologies can be programmed to sort each item automatically based on where they are to be shipped.

Reduce Physical Footprint and Energy Usage

Since RFID technology allows real-time tracking of goods in a warehouse, a company can maintain low levels of inventory efficiently. Additionally, using warehouse automation technology such as AS/RS minimizes storage space and maximizes inventory handling efficiency. Lower warehouse footprint typically requires lower energy to light, heat, and cool the facility. Also, energy use in moving product from point A to point B is also drastically reduced due to smaller distances.

Reduce Staffing Requirements

Adopting warehouse automation eliminates the need to hire too many employees unnecessarily. Since all tasks of checking in products, sorting, and dispatching are automated, fewer employees are sufficient. Firstly, it reduces the chances of work-related injuries as dangerous jobs are taken care by automation. Additionally, it also saves costs and decreases the carbon footprint of the overall operations.

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Optimizing Material Handling to Maximize Warehouse Efficiency

Companies usually invest considerable sums in setting up massive warehouses. As a result, warehouse spaces are costly, and companies can incur huge costs regarding carrying, handling, and storing within a warehouse. Companies are constantly figuring out ways to optimize warehousing operations to increase cost savings. With the advent of technology, automation, and data analytics, SE_Demo2companies have a variety of options to streamline the material handling process to utilize the warehouse space effectively. So how can companies effectively increase cost-savings by effective material handling to optimize warehousing space?

Accurate Forecasts and Inventory Management

Accurate forecasting is critical to a successful inventory management. Even a small percentage difference in forecasting can result in excess inventory, which takes up additional warehouse space and freezes up the inventory capital. Its high time for companies to abolish the traditional spreadsheet-based forecasts and opt for sophisticated solutions, which account for multiple factors for forecasting. The current ERP solutions take in historical data, seasonal trends, promotional activities that are processed by algorithms to generate a more accurate forecast. A precise forecast figure assists the company to hold just the right amount of stock increasing customer service levels and minimizing stockouts.

Maximize Space Efficiency and Layout Design

The most obvious way to increase warehouse storage space would be to expand horizontally by adding more square footage. In recent times, as land becomes a scarce resource, storage facilities are looking to increase the holding capacity per square footage by expanding vertically. Designing an efficient warehouse layout with right industrial storage systems can ensure maximum carrying capacity and thereby improve operational efficiency. Additionally, by analyzing the materials that need to be stored and the material flow, efficient layouts can be created to minimize travel time, ease inventory tracking, and minimize the chance of losing the small items.

AS/RS Warehouse Storage Solutions

An automated storage and retrieval system (AS/RS) can maximize warehouse space by storing large volumes of material in a small footprint and help eliminate errors. These solutions can drastically reduce the travel time in the warehouse, which results in optimized operational performance. A modern-day warehouse execution system (WES) can encompass warehouse management functionality, material handling equipment (MHE) control, warehouse control system functionality, business intelligence and integration with host ERP systems.

Advanced Warehouse Material Handling Equipment

Companies looking to improve their warehouse productivity should look to adopt advanced warehouse material handling equipment as it results in better productivity and improve safety.  When purchasing such equipment companies should analyze the suitable loads that will be carried with considerations for margin of safety. Other factors to consider in the purchase process includes the width of aisles, turn spaces, vehicle features, and turning radius.

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Top 5 Logistics Companies Across the World

Logistics is a critical part of any company’s supply chain as it ensures optimal flow of things between the point of origin and the point of consumption. The term logistics encompass not only the physical items like materials, equipment, and vehicles but also abstract terms such as time and information. Businesses usually manage their own logistics or outsource it to third-party logistics service providers (3PL) for their needs. Logistics companies depict expertise in material handling, integrating information flow, inventory management, packaging, warehousing, production, and security. Most logistics companies handle various aspects of logistics including inbound logistics, outbound logistics, procurement logistics, distribution logistics, disposal logistics, reverse logistics, greenSE_Demo2 logistics, emergency logistics, and digital logistics. Since logistics is such a vital function for every business, who are the top logistics companies in the world?

Top Logistics Companies in the World

DHL Logistics

Today, DHL has become a household name when it comes to logistics services. DHL serves both individuals and business customers with solutions which includes warehousing and distribution, customs, insurance, supply chain solutions, freight transportation, and industry sector solutions. With its vision as “The Logistics company for the World,” DHL employs 325,000 people across three significant regions namely the Americas, Asia Pacific, and Europe. People trust DHL across the world to send urgent documents or goods reliably in a very short time. The company is now focused on developing green solutions by providing Green Express Shipment, Green Mail, and Parcel Shipments. In the fiscal year of 2016, the company reported worldwide revenues of 57 billion euros.

UPS Supply Chain Solutions

UPS Supply Chain Solutions is an American messenger company started by James Casey in 1907. Initially, it started out by delivering packages, but now it offers services including contract logistics, consulting services, industry solutions, transport and freight, and customs brokerage. The company offers its services to industries such as healthcare, industrial manufacturing, aerospace and defense, automotive, customer services, professional services, and hi-tech. They believe in the importance of business sustainability and thus have increased their efforts to help small start-ups and e-commerce business by taking care of their supply chain. The company has grown significantly with numerous merger activities which include Haulfast, Menlo Worldwide, Carryfast, and Parcel Pro.

FedEx

FedEx is the company giving serious challenge to the market leader DHL operating with a fleet of 325,000 employees across the world. Their service range includes post-delivery, express mail, third-party logistics, and freight forwarding. The company is known for shipping packages overnight and inventing real-time package tracking system which can find lost packages as well. In order to expand its global operations, the company has undergone mergers and acquisitions with companies such as GENCO, Bongo International, Supaswift, Opek Sp.z o.o., TATEX, and Rapidão Cometa. As a part of sustainability measures, FedEx has installed solar panel fields at certain facilities to reduce carbon radiations and also built all-electric trucks under their EarthSmart initiative.

SNCF (Société Nationale des Chemins de fer Français)

The SNCF Group is France’s state-owned railway company that employs 180,000 people across the world. The company provides full range mobility solutions including Proximities, SNCF Infra, Logistics, Voyages, and Connexions. Its logistics division formerly operated under the name SNCF Geodis. It is amongst the top transport and logistics companies in France and fourth overall in Europe. The company has accumulated expertise in road transport, supply chain optimization, freight forwarding, distribution, contract logistics, and express delivery over the years. The company has transports 3 million vehicles every year with 3200 trucks and wagons in their STVA fleet.

Kuehne + Nagel

Kuehne + Nagel was started by August Kühne and Friedrich Nagel in 1890 in Bremen, Germany. The company is currently headquartered in Switzerland and provides supply chain solutions to industries like aerospace, FMCG, hotels, marine, and forests. Their product and services portfolio include airfreight, sea freight, over-land, contract logistics, and integrated logistics. The company is also considered one of the best sea freight forwarder in the world achieving double-digit growth year on year. The company also earned Global Cargo 2000 Phase 2 certification for their cargo forwarding works. Apart from sea freight forwarding the company is also a close market leader in contract logistics and lead logistics.

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How Mobile Technology Contributes to Warehouse Efficiency?

Warehousing is one of the major cost drivers in a company’s supply chain. It is not only the cost of storage that’s hurting the businesses but also the subsequent labor costs, capital cost, inventory carrying cost, service cost, risk cost, operations, and facilities management cost that are burning a deep hole in the company’s operational budget. These costs become a big concern at a time when most companies are serving their customers digitally; thereby, relying on warehouses to deliver the goods promptly. So with supply chain networks becoming increasingly sophisticated and warehouse costs skyrocketing, how can companies improve their warehouse efficiency? Leading companies are now embracing the mobile technology to overcome this hurdle. Mobile technology allows versatility and flexibility over legacy systems, which is why it has been widely accepted by companies to increase their warehouse efficiency.

How can Mobile Technology Improve Warehouse Efficiency?SE_Demo2

Data Entry Speed

Traditional data management systems used logbooks and manual entries, which took a lot of time as goods and batches had to be individually processed. Cross-examination of data was complicated and time-consuming. However, the use of RFID and barcodes has completely changed the scenario. Performing routine tasks like receiving new shipments, performing cycle counts, and packing orders can now be fully automated, as RFID tags and sensors can automatically register the data. Also, one barcode scanner can perform the data entry task like assigning product code and batch number in a matter of second. As a result, mobile technology can significantly cut down the data entry time and significantly improve warehouse efficiency. Also, use of mobile printers allows employees to label an item with increased accuracy instantly.

Hands-Free Operation

Apart from allowing for faster data entry speed, RFID and barcode technology can be operated hands-free or without human intervention in some cases. Additionally, wearable technology and augmented reality (AR) can display the required product information without even having to handle the product. This way an attendant can glance at a product and receive full information without having to check the products manually. Hands-free operations can also be done in the data-entry process, as products with RFID sensors can automatically check-in itself when arriving at or leaving the warehouse; thereby, reducing the need to perform manual inventory checks. Such technologies can someday turn the vision of fully autonomous warehouse into a reality. For instance, HX3 from Honeywell can be worn on the wrist with all keypad options, which is designed for high-speed picking.

Advanced Tracking

Using mobile technology alongside inventory management software can greatly improve the supply chain visibility of a company. With all the data entry happening in real time due to scanning technologies, up-to-date information on inventory database can be glanced on the mobile screen itself. It also provides details of each inbound or outbound orders and displays detail information such as the location of packages and estimated arrival time. Additionally, mobile technology can also assist the shipping department in verifying the order and printing bills laden with all the customer shipping information.

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