Synkrato, the next-gen logistics platform with digital twin, AI-driven logistics, mobility, and enterprise labelling solutions, has launched Trinity, a conversational artificial intelligence model to amplify warehouse productivity and decision-making.
Warehouse Management Software, WMS, Warehousing Software, Warehouse Systems
A critical element within the wider supply chain, a warehouse management system (WMS) helps to manage the storage and distribution of goods within a warehouse or distribution centre (DC). The software stores and provides information on goods transactions such as receiving, putaway and picking and shipping, often based on real-time information related to bin utilisation. A WMS system also often incorporates the use of Auto Identification & Data Capture (AIDC) devices or systems – including barcode scanners, mobile computers, wireless LANs or Radio-frequency identification (RFID) – to help to optimise the efficient stocking and distribution of goods.
DHL opens operationally carbon neutral facility in Coventry
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DHL Supply Chain has opened a new multi-user facility in Coventry. The new building is entirely powered by renewable electricity and is the first operationally carbon neutral new build DHL site in the UK.
Strategic repositioning: focus on internationalisation
Mar 19, 2024
In 2023, the industrial installation specialist HARDER logistics is once again executing relocations of machinery and equipment from Germany and other European countries to their new location performing the best financial year closure in the company’s history.
Wiha reduces stock levels by over 10% using nVentic’s Inventory Evaluation
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Wiha, manufacturer of hand tools for professional use in trade and industry, has partnered with nVentic, the inventory optimisation specialists, to optimise its inventory management capabilities.
Midlands and North contractor completes first phase of Yorkshire logistics hub
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McLaren Construction Midlands and North has delivered phase one of Konect 62 – a speculative industrial and logistics development located in Knottingley, West Yorkshire.
AI-equipped robots help logistics industry to fight labour shortages
Mar 18, 2024
The global logistics industry serves as a backbone of international trade - representing about 10 percent of the world´s GDP.
As demand has been skyrocketing, companies have already heavily invested in robotics and automation: sales of professional service robots for the transportation of goods or cargo grew by 44% year-on-year (2021-2022).
Gartner predicts 25% of logistics key performance indicator reporting will be supported by GenAI by 2028
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By 2028, 25% of all logistics key performance indicator (KPI) reporting will be powered by generative AI (GenAI), according to Gartner, Inc.
Trew showcases solutions and cooperations with TGW Logistics
Mar 12, 2024
Trew, LLC is debuting the newest TGW Stingray ASRS Shuttle in North America.Trew highlights the new Stingray capabilities and how it integrates with automated material handling solutions in their booth at MODEX 2024 in Atlanta, Georgia, March 11–14.
Packaging robots is set to grow US$ 7.5 billion by 2032 at a CAGR of 8%
Mar 12, 2024
According to data from Fact.MR, the global packaging robots market is on a significant growth trajectory, expected to surge from US$3.8 billion in 2022 to US$7.5 billion by 2032.
LG unveils advanced new automated warehouse robots
Mar 11, 2024
LG Business Solutions USA aims to set a new standard for warehouse efficiency and flexibility with the new LG CLOi CarryBot family of autonomous mobile robots (AMRs) designed to intelligently navigate complex floor plans...
Warehouse Management System
A warehouse is a commercial building used for the storage of goods and are usually cited in industrial areas. Warehouses are used by manufacturers, logistics companies, distributors, transport, freight forwarders, importers, exporters, wholesalers, etc. Warehouses usually have loading bays and docks and serve as a distribution centre for the loading and unloading of goods from trucks. Sometimes warehouses are designed for storage and despatch of goods directly from railways, airports or seaports.
A warehouse management system, or WMS, is a key part of the supply chain and primarily aims to control the movement and storage of materials within a warehouse and then organise and process all of the associated transactions such as shipping, receiving, put-away and picking. The systems also direct and optimise stock put-away based on real-time information about the status of bin utilisation. A WMS can be used by manufacturers in their own warehousing facilities or a logistics company (3Pl /4Pl) operating contracts for a number of clients and retailers.
Warehouses are an integral link in the modern supply chain, ensuring that the correct product is stored efficiently,delivered in the right quantity, in good condition, at the required time, and at minimal cost. It performs an integral role in managing goods movement and information exchange between manufacturers, distributors and retailers.
A good Warehouse Management System (WMS) manages all types of warehouse operations efficiently and effectively. It also enhances inventory management by increasing accuracy, improving order fulfilment and reducing order cycle time. Receiving and shipping are streamlined as well to facilitate cross-docking and expedite back-ordered products.
A WMS can automate picking, packing and shipping and it will minimise the number of moves per order. The WMS can improve the accuracy of every order, reduce safety stock, manage tasks and improve processes. An efficient WMS can consolidate orders to reduce transportation and shipping costs. Data is collected within the warehouse environment by data-capture technology such as barcode scanners, mobile computers, wireless LANs and Radio-frequency identification (RFID).
This information is then fed into a central WMS database to provide a real-time update on the overall inventory and specific SKU levels in the warehouse (stock keeping units). This information is then used to replenish the stock levels to ensure that there is sufficient flow of products. Once data has been collected, there is either a batch synchronization with, or a real-time wireless transmission to a central database. The database can then provide useful reports about the status of goods in the warehouse.
Bonded warehouses are specifically used as a secure holding or storage facility before duty is paid. Upon entry of goods into the warehouse, the importer and warehouse owner incur liability under a bond. Goods can be stored and held in a secure environment for a number of years before either being shipped on or released for distribution when the duty must then be paid.
