Industrial and warehouse management companies in Australia would need to invest more in modern software to keep up with changing times, aside from ensuring that they remain efficient and competitive.
Some of these investments can be as simple as a digitalising a pallet wrapping machine with scale, or much larger such as a cloud-computing technology. Whether you intend to invest in new software or not, there is no doubt that IT has become more important for the sector.
By 2020, the manufacturing industry would account for 22% of software investments in the country, which would cost more than $120 billion per year. Some of these investments would focus on the improvement of warehousing management by using real-time tracking of operational workflow and resources.
Cyber-security serves as another reason companies need to invest more in their digital infrastructure, as businesses face a myriad of complex online threats. This is part of the so-called Industry 4.0 system, which is a combination of different IT solutions, such as advanced manufacturing and the Internet of Things.
The emergence of Industry 4.0 stems from the consumer market’s changing preferences. The prevalence of online shopping serves as one factor since more people now purchase items online due to its convenience and relatively low prices.
This shift in demand prompts retailers to make sure that products are delivered on schedule, which would then require the involvement of warehouse managers. If you become overwhelmed with orders from retailers, then it may be time to rethink how you can improve your operational efficiency with the help of modern software.
There is no doubt that the role of IT technology has become more pronounced for warehouse managers. By ignoring its importance, it may not only affect your operational efficiency, but also reduce your bottom line.