The Satellite Review Magazine 2019 Satellite Review Magazine | Page 25

of a WES is imperative to seamlessly adapt to omni-channel fulfillment and increasing consumer demand. Due to the complexity of today’s evolving technology, there is now a need for a higher skilled workforce to manage automation. The industry is turning to millennial workers who were raised in the digital world to fill more positions within the warehouse. To attract these young workers, companies need to turn to automa- tion that closely embodies the experiences these young workers can find on their smartphones, tablets or computers. These intelligent systems simplify routines by allowing workers to find information they need, when they need it, in a visually appealing way. Inventory Accuracy & Control It’s no secret that not having a handle on where your products are stored can have detrimental effects on your bottom line. Also, a lack of inventory knowledge can lead to customer dissatisfac- tion due to delayed shipments and/or partially filled orders due to lost inventory. and storage of inventory within a warehouse to minimize hidden costs and can affect business success and revenue. Next to labor costs, travel time is the most expensive cost in any warehouse operation. It is important to make sure that employees are con- stantly active on the floor, the equipment is always full and travel time across the warehouse is minimized. To maximize the use of a warehouse’s available square footage and cube space, it is import to slot the placement of products to optimize storage and picking efficiency and reduce handling costs. This practice results in reduced travel across the ware- house, stabilized loads, fewer accidents and less product damage. Additionally, inventory management can help companies in- crease profitability by 20 to 50 percent. Whether it is through bar codes or radio frequency identification (RFID), it is important to track and record products as soon as they are received in the warehouse. An advanced level of transaction history can help warehouses significantly improve visibility and reduce fulfillment errors. This data can be directly integrated with a WES in real time to ensure better inventory counts and audits. Transaction history is extremely important in warehouses with Typically, inventory accuracy levels that are 99 percent or higher are required to achieve world-class service levels and remain competitive. In order to do this, it is essential to invest in auto- mated technology like a WES. If inventory accuracy falls below these levels it is near impossible to accurately predict or reduce stock levels, which often leads to out of stocks. Therefore, the inventory needed to maintain acceptable fill rates increases. Continued on page 31 FT Ad_3.5x4.875.pdf 1 10/4/2019 3:33:06 PM Companies have reported that the addition of a WES, has helped to reduce inventory levels by 10 percent, significantly reducing carrying costs, which can be nearly 18 percent the cost of the inventory. Throughput and Equipment Shifts C Depending on a warehouse’s SKU velocities and the pace of current operations, a high-density automated warehouse system can optimize even standard-height warehouses. In convention- al systems, throughput determines the staffing levels and the number of fork trucks required. However, automated systems can significantly increase throughput without increasing staffing levels as a single storage/ retrieval machine (S/RM) is usually capable of handling between 60 to 70 unit loads per hour. It is also important to determine the number of shifts per day that your equipment is running. Automated systems typically require a two-shift operating period, so justifying automated systems for single-shift operations is often a challenge. M Y CM Successful projects need STRONG PARTNERS. MY CY CMY K The Known vs. Unknown Costs Practicing effective picking strategies is one of the most cost effective ways to maximize productivity and improve order accu- racy. When used correctly, a WES helps manage the movement www.WestfaliaUSA.com The Satellite Review 25