Location data and technology platform HERE Technologies and cloud-based software as a service (SaaS) logistics platform provider Yojee have partnered to create operations intelligence solution to help warehouse operations and management for global companies. Combining Yojee’s logistics software with HERE’s location intelligence will uncover and generate crucial data from the warehouse floor.
This will enable businesses to make better informed decisions on how they can streamline operations and utilise the maximum capacity of the facility through infrastructure planning, asset tracking, and workforce management, an official statement said.
These operational intelligence data points will help to establish a warehouse health pulse system that will measure key metrics based on various location parameters pertaining to workforce productivity, material handling equipment, inventory statuses and more.
The growth of supply chains and e-commerce trends has resulted in the need for more warehouses worldwide. Experts are predicting that the number of warehouses around the world will grow by 20 per cent between 2018 and 2025 to reach about 180,000, more than half of which will be in China, the US, Japan, India, and Germany. At the same time, warehousing costs are rising, and companies are spending approximately €300 billion ($346 billion) a year on warehousing, with operational costs accounting for 85 per cent of that expenditure.
Ed Clarke, Managing Director at Yojee said, “We are building an invention that will transform supply chain and logistics visibility and efficiency worldwide. We are digitalising warehouses where data can be consumed and analysed via a single smart dashboard remotely anytime. This data intelligence is crucial in improving the overall warehouse productivity and efficiency. I’m confident that together with HERE, this brings more than just return on investment for the global logistics industry in the long term.”
By feeding the real-time and historical data provided by the collaboration into an AI-powered data analytics dashboard, businesses will be presented with a central, customisable visualisation of its warehouse operations.
“The Asia Pacific logistics sector is showing no signs of slowing down due to digital transformation and an exponential growth in the supply chain and e-commerce industries. Yet the cost for expansion continues to be one of the top barriers for Asia Pacific’s logistics sector as they enter expansion mode. Through this exciting partnership with Yojee, we look forward to providing businesses with substantial opportunities to unlock major improvements and capture value in global warehousing,” said Jason Jameson, Senior Vice President and General Manager at HERE Asia Pacific.