Given these challenges, enterprises are forced to employ smart strategies to extract maximum value by harnessing existing heterogeneous data in the enterprises. Modern warehouses that are part of the enterprises manage and generate huge amounts of data related to products, customers, orders, labor utilization, sensors, etc. Such data can be static, transactional, structured or unstructured, which, when effectively processed, can provide valuable insights into warehouse operations. In a globalized scenario, with the advent of omnichannel fulfillment and e-commerce, enterprises need to manage a network of such warehouses, distribution centers, stores, etc.
An ideal Integrated Warehouse Platform solution
An ideal Integrated Warehouse Platform (IWP) solution provides visibility into inventory, orders, and customer information across the network of distribution centers in real time. It helps enterprises eliminate waste, carry out informed Figure 1 Integrated Warehouse Platform decision-making, and streamline operations by effective processing of data. Additionally, it supports information access from various mobile devices, supports analytics engines, and handles data with other host systems such as Labor Management Systems, Order Management Systems, Internet of Things (IoT) systems, etc. (Refer figure 1)