IIM Ahmedabad concluded ten editions of its Executive Education offering in Warehouse Design and Management. To mark this occasion, we invite its alumni to join the two day program on advances in warehouse automation and design.
The Indian warehousing industry, estimated to be worth INR 561 Billion (excluding inventory carrying costs, which amount to another ~INR 4,340 billion) in 2017, is estimated to grow at 9.5% CAGR to reach INR 968 Billion by 2024. Further, growth in the usage of sensors results in new opportunities for improving warehouse operations. The scope for implementation of the Internet of Things (IoT) in warehousing is substantial. IoT provides visibility into the supply chain from the ordering of materials till the shipment reaches the end customer or 3PL warehouses. In this two day program, we will discuss the usage of IoT and human-robot collaboration in warehouses.
Managing performance of intralogistics operations, i.e., within facilities such as manufacturing, order fulfillment warehouses, retail stores, hospitals, or terminals, is critical in fulfilling customer expectations. Customer product and service expectations can be volatile. Traditional decision-making for intralogistics operations mostly relies on data collected over long-range intervals with significant delays in processing. However, with Internet of Things (IoT) devices, detailed data can be captured and relayed real-time and systems are geared up for making dynamic decisions in real-time. The advent of new technologies such as smart IoT devices, Artificial Intelligence (AI), and robots allow improving the intralogistics operations by facilitating time-sensitive decisions and reducing costs. All critical resources, though decentralized, are connected to a wider network enabling to capture and process large amounts of data and use these data to improve resource coordination and secure informed data-driven decisions.
IoT in facilities such as Retail stores, Warehouses, Cold storages, Terminals, and Production facilities
Data-driven fulfillment models and decisions
Latest developments in warehouse automation and technology selection