IoT technology refers to virtually connected objects that communicate with one another through technology. The 3 basic components required are, internet connectivity and sensors and processors that provide the computing power.
With sensors from the physical device, information from the environment can be extracted and passed to a computer system. The data travels through a network. The computer system can make accurate forecasts and provide insight with analytics After combined with AI.
According to the Gartner report, the estimated number of connected devices across all technologies for 2018 is 11.2 billion, and that number is expected to climb to 20.6 billion by 2020.
That means there are now more connected devices than the world’s total population! The IoT(Internet of things) is growing quickly, and with applications in various industries, you should be aware of its powerful influence.
The Internet of Things in Warehousing
So how does the IoT apply to the warehouse, supply chain, and inventory management?
The Internet of things integrates your machinery and equipment with your computer system, it gives you great visibility into your operations. Here are some ways it can help:
- End-to-End Inventory Tracking :
You can trace and track the movement of your inventory. The Internet of things connects all the moving parts, from arrival to your warehouse to the moment your customer receives it. The IoT can help to prevent the loss and damage of products, but it also provides more information than mere location. This reduces product waste and spoilage and allows you to provide higher quality products to customers.
- Vision Picking (With Smart Glasses) :
Vision picking is a branch of augmented reality that allows for busy workers to work efficiently and hands-free. In fact, it can improve your warehouse productivity by 15%.
Using smart glasses, the workers can see the order picking instructions through a visual display. The item’s current location and where it needs to be brought to is shown. Since it is wearable technology, workers require training, and you do not need to make structural changes to your warehouse.
- Data Analytics :
Since the IoT ties your logistics together, your system can spot trends and opportunities. you can also react quickly to market changes, With real-time visibility.
With the insight provided by the IoT, you can identify the areas in your warehousing operations that aren’t doing well and make tactical decisions moving forward.
- Automated Tasking :
The Internet of things enabled robotics can also help with picking and packing. By automating repetitive tasks, human efforts can be allocated elsewhere. You also reduce inventory damage and order inaccuracies.