Modern supply chains require data-driven warehouse slotting technologies that provide instant access to up-to-date intelligence, quick implementations, and adaptive software. Key elements of modern slotting include algorithms and machine learning, data analytics and optimization, mobile reporting, and cloud computing which allow for 24/7 accessibility of customized reports, automated workflows, and collaboration between systems. Adaptation of these technologies is necessary for supply chains to stay competitive as processing power and information availability grow exponentially.
2. The modern supply chain
no longer relies on old
slotting technology.
It realizes the benefit of instantaneous
distribution of intelligence, quick
implementations, and slotting software
that does not become outdated. In an
age where processing power is growing
exponentially, modern supply chains
must adapt or fall behind.
As supply chains are changing so too
must the tools, methodologies and
technologies used for managing them.
Access to information anywhere and anytime
Customized reports and analytics
Workflow & process automation
System collaboration
Reduced investment risk through SAAS model
Agile implementation and quick payback
Standardization of best practices
Turning item slotting into less of an art and more of a science
ATTRIBUTES OF MODERN, DATA-DRIVEN, WAREHOUSE SLOTTING
3. CORNERSTONES OF MODERN,
DATA-DRIVEN, WAREHOUSE SLOTTING
ALGORITHMS & MACHINE LEARNING
OPTIMIZATION & DATA ANALYSIS
MOBILE REPORTING
CLOUD COMPUTING
4. ALGORITHMS & MACHINE LEARNING CLOUD COMPUTING
DATA ANALYTICS & OPTIMIZATION MOBILE REPORTING
In an age when most executives will admit to spending more time
conducting business on their mobile devices than on their desktop
computers, mobile reporting has not just become a feature of the
modern supply chain, it’s become a requirement. Whether it’s in
the form of a custom notification sent right to a hand-held device
or a responsive report that looks just as clear on a small screen
as it does on a large monitor, 24/7 report accessibility is the new
standard.
Out of all the technological advancements in recent years, few
have been more transformational than cloud computing when it
comes to the dissemination of data, information and services.
Cloud computing provides the ability to instantaneously deploy
software, databases, storage and other computing services in an
instant, creating an ecosystem where different technologies can
connect and co-exist. Cloud computing has been widely
recognized as game changing technology which continues to
deliver value and has the potential to drive innovation for years to
come.
With advances in both hardware and software, as well as in the
collection and storage of operational data, more companies are
introducing proven best practices into their toolkits through
analytics and optimization. Whether using optimization algorithms
that consider hundreds of different variables for thousands of
items to make the best material handling decisions or combining
data from different labor management and financial systems to
link strategic goals to daily operational decisions, warehouse
slotting should now be thought of as more of a science than an
art.
Used in everything from self-driving cars to facial recognition
technology, complex algorithms and machine learning have
become a huge trend that is no longer restricted to big IT giants.
While both have been around for decades at varying levels of
sophistication, with the latest advances in technology and
connectivity, they have permeated to industrial applications where
routine decision making tasks (particularly quantitative) have
become a heavy burden. With exponential advancement of both
technologies expected over the next decade, advanced algorithms
and machine learning are here to stay and should be utilized
wherever possible.
5. Automate manual workflows wherever and whenever possible
The human brain can deal with a limited amount of data - let computers do the heavy lifting
Ensure that personnel is placed in critical nodes of the process where they add the most value
Having different systems not “talk to each other” is no longer a constraint
One size fits all is by definition sub-optimal - your tools should be customized
The right partner will help you navigate through any hurdles
KEY TAKEAWAYSMODERN, DATA-DRIVEN, WAREHOUSE SLOTTING
Leverage technology - it’s here to stay
6. HOW MODERN IS YOUR SLOTTING?
19%
Average increase in order selection productivity for
those that use slotting optimization technology.
Are you adapting or falling behind?
REQUEST A NO-OBLIGATION SLOTTING DIAGNOSTIC TODAY
604-315-3187 | INFO@SYNCONTEXT.COM