Operations management in Manufacturing and Warehousing is at the forefront of change, utilising modern technologies as well as disciples to not only address the latest string of operational challenges, but also keep organisations running like a well-oiled machine, all the while maximising both productivity and profitability.
The main goal of any businesses engaged in manufacturing, warehousing, and logistics is to improve the accuracy of order fulfilment, minimise operational costs, and optimise resource allocation. The advent of digitalisation and other disruptive technologies in warehouse management and logistics, which we’ll be discussing shortly, have paved the way for businesses in the sector to increase revenues and improve operational efficiencies across the board – among other things.
Paperless manufacturing is revolutionising the way factories now manage, coordinate, and report various activities through the use of digital tools. Digitalisation or digital disruption has proven to be an effective strategy for more streamlined work order management, for example, helping organisations maintain quality standards, all the while ensuring that they are on top of compliance matters.
As we eagerly look to a bright and productive year ahead, the UK’s logistics sector is at a bit of crossroads, so to speak, poised for disruption amid a backdrop of regulatory shifts, technological evolution, and global economic dynamics.
In a recent report released by The Manufacturers’ Organisation, half of the companies surveyed are upping their investment in automation technologies, especially AI and ML, with almost ¾ of companies now spending more openly on automation across multiple technologies and functions – from product design and development to manufacturing and warehousing operations.
Organisations working in high-risk industries like manufacturing, warehousing, supply chain, and logistics, are well aware of the risks and potential hazards their workers face each day. Unfortunately, despite their best efforts, many businesses do not have the appropriate health and safety controls to minimise risk and hazards at the workplace.
According to an HSE report, around 54,000 workers are involved in non-fatal accidents in the manufacturing sector each year. Most of the injuries they suffer are a direct result of manual handling accidents, trips, slips, and falls, contact with moving machinery, and being struck by moving objects.
It is estimated that the logistics industry will grow at a CAGR of 10-12%, reaching a value of $380 million by 2025. A large driver of this growth will be technology and automation – from robotics and the Internet of Things (IoT) to artificial intelligence (AI), better integration of the various ecosystems involved, digitisation of processes, and more.
Supply chain inspections often prove to be a challenge, even for leading, well-established companies. However, standardisation has now become one of the chief methods of optimising the greater supply chain and ensuring that all managers, departments, and teams are on the same page.
According to a 2019 report published by the Journal of International Logistics and Trade, political unrest are among the leading causes of supply chain disruptions. A SAP survey reported that 58% of US business leaders believe supply chain problems primarily stem due to global political unrest.
For more information
03450 17 99 44
enquiries@thehsmanager.co.uk
© The HS Manager 2024.
The HS Manager is a product developed by the Inventory Manager Ltd Company No: 06381122
Registered address 651 A Mauldeth Road West, Chorlton, Manchester, M21 7SA
Terms and Conditions | Privacy Policy.
Once registered, you will receive a link to download the app to your preferred platform (App store, Google Play store, Windows store).
