Internet of Things is intelligence personiﬁed. Connecting devices at your home or oﬃce seamlessly- IoT is also proﬁcient at connecting devices that may not be classically associated with information technology. This creates a treasure trove of data and in the instance of inventory management, enables the creation of smart warehouses.
A smarter, productive and accurate way to manage warehouses utilises the scalability and dependability as oﬀered by the Internet of Things technology. With IoT, every item processed is tracked and recorded on inventory management systems throughout the supply chain procedure. Products can be easily located by ID numbers irrespective of where they are, and if they are inbounding as part of a shipment or are on their way to a customer’s doorstep.
There are many advantages to creating a smart warehouse with the latest supply chain technology. Devices, sensors and radio-frequency identiﬁcation (RFID) tags can enable warehouse managers to know the exact location and progress of any product at any time. “Hands-free” wearables can allow workers to move about and access information and instructions from anywhere in the warehouse without being constrained by workstations. Additionally, investing in IoT can reduce the use of manual labor, increasing speed and shipping accuracy, and oﬀer retailers an opportunity to obtain unparalleled visibility into inventory and supply chains. Many companies are already experimenting with IoT to create smart warehouses. UPS is using smart glasses in test programs to reduce the amount of labeling on packages. Athletic sportswear company Lids is using an Internet of Everything (IoE)-based robotics system to make its warehouse more eﬃcient, with robotic carts that pick products, place them in bins and deliver them to workers. On a larger scale, many companies such as Amazon are now even using autonomous robots in their warehouses.