Digitization is everywhere these days, but some areas of business have been slower to adapt than others. Marketing and manufacturing have gotten on board with big data and analytics fairly quickly, while some supply chain managers are falling behind.
Even though it’s a tremendous task, technological advancements mean that now is a great time to get started. Here is a look at three important steps you can take to prepare your warehouse for a digital overhaul.
1. Get Rid Of Paper
It’s tempting to hold onto paperwork “just in case”, but this is only going to slow you down. Besides the potential for losing it altogether, human error can cause all sorts of problems, whether something is incorrectly recorded in the first place or misread down the line. If you haven’t done so already, it’s time to start replacing paperwork with barcode scanning and e-invoicing.
2. Research Suppliers Thoroughly
The success of your technology implementation depends on having the right suppliers. While it’s certainly to your advantage that technology is cheaper and more readily available than ever, pinning down the right provider among a sea of hopefuls can be a daunting prospect. You’ll want to start by checking out the various credentials and certificates of each one you’re considering, and be sure to read plenty of reviews that come from unbiased sources. Pay attention to the fine print and look out for any hidden costs. You also need to determine whether or not it any software you are considering is going to integrate well and if updates will be easy to use and manage.
3. Adopt A Real-Time Mindset
Harnessing all the data circulating through your supply chain can reap incredible benefits. You want to be able to use and analyze it in real-time, and using data-driven analytics plays an important role in managing inventory and handling purchasing cycles. With the right communication between your warehouse systems and other vital business systems, you can integrate big data into your overall business model.
This blog post was based off an article from CeMat Australia. View the original here.