Technology has affected every aspect of the business world. In the modern fast-paced technological world, various smart items have been developed and are being relied on for daily operations. A smart warehouse refers to a large building used for storage of raw materials and other goods where computers and machines are used in the completion of warehouse operations that were traditionally performed by people.
A smart warehouse is strategically designed to maximize effectiveness and efficiency. This is enhanced by incorporating automation, best practices and other possible technologies to ensure that the smart warehouse functions at the highest level. The ultimate goal in designing a smart warehouse is promoting efficiency while at the same time lowering the cost and time consumed to perform.
There are five key essential factors of a smart warehouse that should be considered in developing a smart warehouse, which include automation, agility, scalability, collaborative robots and data visibility.