Cobots in Warehouse: Benefits of Logistics Automation

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Cobots in Warehouse: Benefits of Logistics Automation

The recent pandemic has disrupted the supply chains, impacted competitiveness, economic growth, and job creation. These uncertainties, however, have positively impacted on technological advancements in logistics. Be it the number of logistics technology start-ups getting funded or the existing tech organizations moving into a consolidation mode through mergers and acquisitions – all are indicators that directly correlate with these changes. In addition, after the COVID-19 outbreak, there is a boom in online orders and e-commerce business which has resulted in a 15-20% yearly growth for warehouse providers.

Behind this growth is the underlying technology powering warehouse operations, including hardware and software. To sustain this growth and to serve future customers, there is an urgent need for technology scalability and agility and the Logistics Service Providers (LSPs) must do it without breaking the bank. Robotics in the warehouse space has grown by leaps and bounds during the past year, especially with the emergence of Robotics as a Service (RaaS). The technology is now more affordable, and this automation can help warehouse providers handle the sudden increase in volumes.

The reason behind LSP’s shift towards warehouse management software and logistics automation can be attributed to the following reasons:

  1. Warehousing is a labor-intensive industry; having robotics handle these jobs help LSPs increase their output exponentially.
  2. The pandemic has led to lockdowns, social distancing and employee safety which can be achieved through robotics that can serve with minimal human intervention.
  3. With increased focus on just-in-time (JIT) inventory, optimizing inputs and outputs can be executed with robotics.

Also Read: Automation in Logistics: Ideal or Attainable?

Benefits of Co-bots over Bots in Warehouse

Whenever we think of robots, we are encountered with an innate fear of losing out our jobs to machines, a fear that every working class must have encountered. But that is not the kind of robots we are talking about; we are talking about co-bots (collaborative robots) that work in tandem with humans. One of the most important benefits of Cob-bots is achieving efficiency and accuracy in warehouse operations and in warehouse management systems. 

These co-bots are packed with advanced sensors and vision technology to cater to the needs of warehouse operations. Co-bots do not replace operators, but they learn to perform functions with utmost accuracy without the slightest wear and tear. As a result, they increase the accuracy of picking/put away, improve safety, and reduce operating costs, thereby creating a positive impact on productivity, and facilitating warehouse and logistics automation.

According to ISO 10218 part 1 and part 2, some of the key variants in co-bots are:

  • Speed and Variation co-bots
  • Hand Guiding co-bots
  • Safety Monitored shop
  • Power & Force Limiting co-bots

Loup Ventures, the venture capital firm, has predicted that the co-bot industry will represent a $6.8 billion market opportunity by 2025. Continue reading to know why:

  1. Co-bot increases performance by carrying out tasks like screw driving, helping with the knife sharpening, assembly process, and folding & packing boxes.
  2. Co-bots help in eliminating the ergonomic risk by automating packaging and palletizing
  3. They are user-friendly, extremely efficient, and maintenance-free.
  4. Co-bots are highly usable during the Goods Receipt process, identifying multiple parameters, such as wear and tear of pallets, items, and verification of quantities.

But having only co-bots is not the answer to all the warehouse woes. What will bring an overhaul in the warehouse is an integrated warehouse management software solution, which can guide the co-bots and reprogram them through its integration capability besides automating logistics. It will also improve the interaction between the employees and the co-bots, ensuring there’s a seamless flow of information between the two.

Benefits of Logistics Automation

There is a multitude of benefits of automating logistics, we’ve collated a few of them:

  1. Reducing costly errors
  2. Availability of choice of transport and freight rates in real-time
  3. Improved customer service
  4. Availability of access to data and analyzing freight traffic in real-time
  5. Enhance organizational control

With its leading warehouse management systems, Ramco provides complete warehouse automation across order streaming, planning & allocation, waving and load planning, and integrates with Bots, AGVs, ERPs, and order management systems. For anyone operating a warehouse, it is now up to them to embrace the complete solution for automating logistics and warehouse that will complement each other, instead of a piecemeal adoption of the new-age tech.

Enterprise asset management (EAM) involves the management of mission critical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information. The aim is to optimize the quality and utilization of assets throughout their lifecycle, increase productive uptime and reduce operational costs.

Enterprise asset management (EAM) involves the management of the maintenance of physical assets of an organization throughout each asset's lifecycle. EAM is used to plan, optimize, execute, and track the needed maintenance activities with the associated priorities, skills, materials, tools, and information.

The software helps in effective maintenance of assets through preventive, predictive, shutdown and breakdown maintenance strategies. The system also helps enterprises mitigate equipment risks by enhanced safety standards. The streamlined operations and improved asset performance helps organizations increase their investment effectiveness.

EAM is important because it helps organizations track, assess, manage and optimize asset quality and reliability. Asset intensive Organizations have hundreds, thousands, even millions of assets which needs to be maintained to maximize / optimize life of these assets to increase the return on investment.

The key features of effective EAM are:

  • Work management.
  • Maintenance Strategies (Preventive/ Predictive / Breakdown / Shutdown).
  • Planning and scheduling.
  • Supply chain management.
  • Health and safety.
  • Mobility.
  • Analytics.
  • Improved Asset Health at reduced cost through data driven maintenance Programs​
  • Complete visibilityon entire maintenance data across Equipment, across Models, across Branches to aid in analysis & decision making such as to Repair or Replace the Equipment​
  • Insightful analysis of Inspection Data to improve customer satisfaction​
  • Effective maintenance management enhanced by predictive maintenance and inbuilt analytics​
  • Increased reliability and safety, keeps complete track of all the inspections & calibration schedules​
  • Mobile Application enables users to execute work while “in the field” leading to minimized non-productive time and increased productivity and reduces duplication of work and human errors in recording information.​
  • Quick turnaround time through Actionable Notification & Alerts for every process in real time and accessible anytime and anywhere.
  • Improved Regulatory Part of asset management involves the implementation of better O&M practices, which can significantly improve compliance.

Asset Intensive companies under the following Industries :

  1. Ports
  2. Cement and Mining
  3. Utilities
  4. Fleet Maintenance
  5. Equipment Rental
  6. Other Manufacturing
  7. Real Estate & Infrastructure
  8. Power Generation

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This differs on case to case basis, based on the type of installation and unique industry specific requirements. Contact us for a meeting and schedule a demo.

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