Warehousing and logistics industry is a vital part of the global business landscape and is strongly connected with several other major industries. Regardless of which vertical a business is into, it’s dependent on warehousing and logistics for the timely delivery and effective distribution of its products and services.
The concept of Warehousing and logistics operations has gone through significant change, witnessing overhauls in several aspects. In order to keep up with the increasing demand and products, business enterprises look up to international warehouses that can store products at strategic locations around the world and deliver them to the required markets on time.
Due to the magnitude of warehouse operations, enterprises face many challenges. For example, the internal and external processes used in them are too redundant to keep up with the demands of modern markets. Inventory management is plagued by the lack of accurate predictions about future demands, making it very difficult to stock the inventory with the correct balance of products and transport them at right time. With no streamlined processes and the absence of automation, it’s challenging to ensure timely response to demand and supply. Owners have limited options to monitor human resource and cannot access information in real-time, restricting them to make decisions that are not based on data.