MAPSTED BLOG

How Warehouses Can Increase Their Profits By Leveraging Indoor Navigation System

July 26, 2022
Categories:

Featured

Technology Trends

Tips & Tricks

Over the past year, the market for indoor navigation and positioning systems has grown tremendously. Indoor navigation applications are becoming increasingly popular as businesses strive to keep their employees safe and their operations running as usual in the face of the pandemic.

There is a wide range of warehouses, each of which performs a certain service or purpose and each warehouse is unique. The usage of indoor positioning systems can help warehouses run more efficiently, benefiting everyone involved: personnel, warehouse managers, and even customers.

In this blog, we’re discussing the advantages of using an indoor navigation system for warehouses.

What is Indoor Intelligence? 

Indoor intelligence can be simply defined as the intelligence derived from location data, algorithms, and machine learning that are the final output of the indoor navigation process. It is the knowledge that can be put to use and is capable of assisting warehouse owners in providing scientific justification for their decisions pertaining to their workforce, assets, and customers. An indoor intelligence company can help your business make more intelligent decisions with the help of personalized indoor navigation software. 

How can Indoor Navigation Software Increase Profits for Warehouses? 

1. Better physical organization 

Warehouses may need to reconsider their floor plans as a result of new information from analytics and insights. Using indoor positioning devices, you can see exactly where you need to rearrange things to have the best flow and order in your space in order to increase efficiencies. 

For warehouses, using Indoor Navigation Software, they may experiment with several layouts of the area to see which one is most ideal without having to manually move around equipment or pallets multiple times. If a piece of equipment is broken or an area is closed off on the digital map, it can be utilized to warn staff beforehand instead of wasting their time. A warehouse’s map can be updated in real-time so that a person has the most current information at their fingertips.

2. Save a lot of time 

Having an indoor navigation software can save the time that is wasted on unexpected issues. For example, if a client or customer expects a product to be in the warehouse but unexpectedly, the product isn’t there. With the software in place, you can track your assets in real-time without having to check heaps of data to determine their availability. 

Additionally, such software can help you track your employees and their actions within the warehouse. A warehouse manager or owner can also check the data to determine whether the operations are being done efficiently or if there is a need for improvement. 

3. Improved Productivity 

In order to boost your warehouse’s productivity, you can use an indoor navigation system to strategize everything accordingly. You can find the quickest routes and most efficient trajectories, track fleet and warehouse performance, track data to improve efficiencies, optimize the current space that you’re working in, and more. 

4. Better Security

There are a number of compelling reasons to ensure that your warehouse is safe and healthy. When workers feel protected, it shows in the quality of their work; they’re more engaged, more cheerful, and more effective because of it! As a result, you should always put the well-being of your employees first.

The easiest approach to avoid mishaps that could put your staff in danger is to use indoor navigation software that help you work out the optimum trips for your forklift. Additionally, you can install safety features like forklift error detection systems that send out quick security notifications if any forklift goes off course.

5. Asset Tracking

Asset tracking can be used to monitor moving objects, such as heavy machinery, to ensure that they are being used safely and effectively. Tracking moving pallets in real-time is essential to ensuring that all safety regulations are maintained in a warehouse environment. Warehouses may also guarantee that goods are stored and handled correctly, in addition to tracking assets for safety. 

Employees can quickly locate the products or equipment they require thanks to asset tracking, which also cuts down on the amount of waste generated by unused items. Human mistakes, such as misplacing pallets, can cause shipment delays, thus warehouses can enhance performance by eliminating them.

6. Analytics of Asset Data

Asset data analytics can help warehouses better understand how their equipment is being used. Indoor positioning systems can be used in a warehouse to track a pallet and determine how long it has been there, helping managers better understand the movement of goods through the facility. In addition, warehouses can employ insights and analytics to identify which equipment is more frequently used and hence will require more regular maintenance with an Indoor Navigation app. Analytics for asset monitoring can assist warehouses in preventing product theft by keeping track of every item in the facility. Detecting staff dishonesty and ensuring customers get what they paid for are critical functions of anti-theft monitoring.

7. Analytics and Insights for Employees

The amount of time an employee spends on assigned duties can be calculated using indoor positioning to evaluate if efficiency can be improved. This can be used to monitor the performance of employees in the warehouse to see if they are adhering to the company’s standards. This data can be used by warehouse managers to assess their performance in comparison to that of their peers and to identify potential growth areas.

Conclusion

We’ve already discussed the seven ways that warehouse profit can skyrocket by utilizing indoor navigation software. There is no doubt that having an IPS is a game changer these days. It assists you in anticipating challenges in fleet management, asset management, and personnel safety. The technology connects the data so you can get a bird’s-eye view of your warehousing company and ensure all functions run smoothly. Make Mapsted your go-to partner today if you’re looking for an indoor navigation software provider who understands the challenges of your warehouse. You are not only within reach of a system that is more efficient than Wi-Fi or BLE, but also cost-effective when you consider the money you will save by switching to Mapsted’s system.

Frequently Asked Questions

Q1. Why is indoor navigation important?

Ans. Large indoor facilities, such as warehouses, can benefit from the usage of indoor navigation applications such as Mapsted. A solid rule of thumb is to avoid physical and dated maps once you’ve entered these facilities because they’re cumbersome, time-consuming, and inefficient.

Q2. Where is indoor navigation used?

Ans. All kinds of complicated buildings can benefit from indoor navigation technology. Examples of such places include airports, shopping malls, health care facilities, museums, workplaces, and sports stadiums.

Q3. How much does it cost to create an indoor navigation app?

Ans. To sum it all up, the cost to construct a navigation app with basic features will range anywhere from $10,000 to $40,000.

Q4. What is indoor data?

Ans. Our cellphones create data no matter what we do with them, and even moving them around in a room generates data about their location (indoors in our case). Indoor location data refers to data generated indoors.

Q5. What are some applications of indoor positioning systems?

Ans. Indoor positioning, Asset & Device Tracking, Productivity control, tracking employee behavior, hazard control, and regular task monitoring are a few of the most popular applications of indoor positioning systems.

Related Videos

How to increase brand awareness using Mapsted’s Proximity Marketing Technology 1 month ago

Boost customer engagement with Mapsted’s advanced Notify CRM software 1 month ago

How to increase customer engagement with Mapsted Geofencing technology 1 month ago

How to attract customers away from competitors with Mapsted’s geo conquesting technology 1 month ago

Uncover new possibilities with Mapsted’s location-based advertising 1 month ago

How to grow your business with Mapsted Location Based Analytics 1 month ago

How to gain deeper customer insights with Mapsted Audience Segmentation 1 month ago

How to capture your customers’ attention with contextual messaging 1 month ago

How Mapsted’s Location Marketing technology will Help Post-Pandemic 1 month ago

How Mapsted Indoor Location Positioning will Help Post-Pandemic 1 month ago

Mapsted Location Technology for Trade Shows 1 month ago

Mapsted Location Technology for Big Box Retail 1 month ago

Mapsted Location Technology for Museums 1 month ago

Mapsted Location Technology for Banking 1 month ago

Mapsted Location Technology for Transportation Hubs 1 month ago

Mapsted Location Technology Solutions for Resorts and Parks 1 month ago

Mapsted Location Technology for Malls 1 month ago

Mapsted Location Technology for Hospitals and Healthcare 1 month ago

Mapsted Location Technology for Higher Education 1 month ago

Mapsted Location Technology Solutions 1 month ago

Introducing hardware-free location-based solutions | Mapsted 1 month ago

Introducing Mapsted Analytics | Mapsted 1 month ago

Introducing Hardware-Free Location Based Solutions | Mapsted 1 month ago

Mapsted Indoor Maps, Indoor Wayfinding, and Intelligent Search 1 month ago

Request a Demo

See how Mapsted’s technology can help your business grow with a demo from one of our experts.

Request Demo
Copyright © 2014-2022 Mapsted Corp. All rights reserved.