In this article, we will actively explore how predictive and prescriptive analytics can significantly enhance efficiency in several diverse aspects of warehouse operations. Not only can you optimize performance but you’ll also help create needed agility, make smarter decisions and be future ready.
Because of the complexity of the warehouse optimization process, it’s a very difficult problem to solve with traditional approaches. That’s why many warehouse managers are turning to things like software to help optimize the process. While many warehouse management systems can provide a fair amount of the data necessary to help drive improvements in slotting, replen, workflow and the other areas mentioned above, you can only get so far through general data analysis and higher level insights derived via spreadsheet calculations.
For that reason, warehouse execution software that combines AI technology, flexible workflows, and modular IT architecture to adapt to each DC’s unique process and technology requirements, is worth exploring. They can give you the extra layer of optimization that can transform your operations and easily be scaled up as your products, customers, and business grow. These solutions can often be implemented quickly without much disruption, and give a quick ROI as compared to larger scale automation implementations.
The real goal of analytics and their utilization is ultimately to enable smarter decision-making for the organization and its leaders. Having access to robust management dashboards through your WMS or other software is also an excellent resource to enable your team to leverage available data to its fullest. For instance, for one Lucas customer utilizing a management dashboard, managers could get real-time updates on work status, with insight into what percent of orders were completed, across all picking zones. If one area fell behind, workers could be moved to that area to complete the shipping to meet dispatch times. This resulted in more predictable, reliable dispatch and delivery times for their facilities, helping managers improve workforce scheduling for current and future shifts.
In today’s competitive warehousing landscape, efficiency is paramount. Predictive and prescriptive analytics offer warehouse operations managers powerful tools to optimize various aspects of their operations. From slotting optimization and restock/replenishment planning to warehouse layout improvement and flow optimization, these analytics-driven approaches provide valuable insights, enabling managers to make informed decisions and streamline processes. By embracing predictive and prescriptive analytics, warehouse operations managers can enhance efficiency, reduce costs, and ultimately deliver superior customer service.
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