Leveraging the brilliance of AI to transform your warehouse.
It seems the topic of artificial intelligence (AI) is everywhere these days. So, this week, we're diving into the topic of #AI and its impact on fulfillment.
Artificial intelligence has come to alter most industries today, and the fulfillment services sector is no exception.?
Warehouses have undergone significant transformations in recent years, primarily driven by the pandemic, to keep up with the demands of modern #ecommerce .
Hybrid warehouses have embraced AI to make informed decisions based on operational data, supporting both B2B and DTC clients.
According to a study by Retail Information Systems (RIS) , retailers are recognizing the potential of AI. Over the next 24 months, retailers expect to leverage AI for predictive inventory planning (37%), predictive labor planning (30%), and robotic systems for picking and material handling (26%).
Uncover more valuable industry insights about how AI affects fulfillment operations and catch our future predictions for the supply chain below.
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5 Benefits of AI on Hybrid Warehouse Operations
Managing supply chain operations is hard enough without the added difficulties of juggling B2B and DTC orders. One of the primary reasons why is because humans often fail to recognize problems or inefficiencies in large amounts of data.
*enter artificial intelligence*
AI can work without rest to analyze trends and use new insights to identify weak areas in your fulfillment processes, forecast demand, control inventory levels, schedule maintenance, and essentially keep potential failures from ever having the chance to occur.?
Check out these 5 benefits on how AI technology can help you and your warehouse:?
?? Keep order processing fast, accurate, and competitive?regardless of whether an order is B2B (which rarely requires?order routing ) or DTC (requires multiple ecommerce channels and dynamic routing across multiple fulfillment centers).
???Utilize existing data to identify bottlenecks in your hybrid fulfillment facilities?for smarter and faster inbound logistics,?inventory replenishment ,?picking and packing ,?returns , facility/tools management, and workflows.?
?? Get the most out of your warehouse facility/hybrid layout space?by analyzing your inventory items, layout, and incoming orders to ensure items are stored for optimum efficiency, at the appropriate conditions, and as close to future buyers as possible.?
?? Make faster, more informed decisions and corrections?based on consumer behavior, market trends, data predictions from your existing warehouse records, and efficiency reports to take analytics further.?
???Automate shipping operations to honor B2B and DTC-specific needs?(B2B warehouses rely on FTL/LTL carriers to make contracted delivery windows, while DTC fulfillment benefit more from rate shopping, multiple carriers and customized packing).
Discover more on the potential of AI in B2B/DTC order fulfillment for your warehouse operations??Learn more.
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Top 3 Predictions/Trends for the Supply Chain Space in 2023 ??
Our CEO, Erhan Musaoglu , was recently interviewed by Supply & Demand Chain Executive as a Pro To Know. Check out what he has to say below on his top 3 predictions/trends for the supply chain space in 2023 (Spoiler alert: it involves AI ??).
1. Humanoid robots in warehouses. Advancements in artificial intelligence (AI) and machine learning (ML) have paved the way for robotics technology to expand in scope and complexity to better support warehouse operations. Robotics is becoming an indispensable tool for managing the growing challenges of modern ecommerce and supply chain logistics.
2. Micro-fulfillment. Growth in micro fulfillment strategies will continue as consumer expectations continue to put pressure on faster delivery times.
3. Collaboration for wider fulfillment networks. The ecosystem of partners, vendors and suppliers that make up the purchase-to-delivery continuum will become increasingly interconnected, creating wider yet more nimble logistics networks.
To get all the details about the interview, make sure to read the complete article published by Supply & Demand Chain Executive .
Find out where we'll be next!
Webinar: Live Demo - Scale Up Your High-Volume Fulfillment Operations with WMS Software: July 19 | 12 PM (CDT)
eTail East : Aug 21 - 24 | Boston, MA
By?eTail?
CSCMP Edge 2023 : Oct. 1 - 4 | Kissimmee, FL
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Director of R&D | Machine Learning | Data Science | Software Development
1 年Insigtful! Other than operational excellence, AI provides cost reduction and higher profit as well.