The Internet of Robotic Things (IoRT) is progressively being adopted by supply chain operations in Australia and New Zealand to combat the stress of rising e-commerce demands and warehouse worker shortages, in order to streamline industry processes in a more efficient and cost-effective way.
Robotics have long been successful in several structured industrial applications due to their high level of accuracy, precision, endurance and speed.
And while robotics has largely become more affordable in recent years, during the early stages of implementation in the supply chain they came with a high cost factor.
Robotics needed to be evaluated and integrated correctly to avoid jeopardising their value.
In order to achieve the best possible return on investment (ROI) at the fastest rate, businesses must have a strategy to integrate any new robotics technology with all other IoT endpoints to ensure the entire supply chain is secure and operating seamlessly.
This avoids system interruptions or loss of revenue, and helps you gain valuable data insights.
Underlining the changing market attitudes towards robotics, the SCLAA and Swinburne University of Technology’s The Australian Supply Chain Tech Survey found that 29 per cent of respondents currently utilised robotics, 39 per cent expected robotics to have a significant or great impact on their firms over the next 10 years, and 20 per cent expected to make significant or great investments in robotics over the next 10 years (just behind IoT and big data analytics).
The supply chain IoRT revolution
IoRT is a concept in which intelligent technology can monitor and manipulate the events happening around them by fusing their sensor data and making use of local conditions to decide on a particular course of action of how to behave or control objects in the physical world.
Manufacturing and transportation and logistics companies have been pioneers of today’s IoRT revolution, leading the way to connect and automate industry operations.
Given the complex nature of the supply chain, the use of robotics helps to streamline operations by developing process-driven automated functions, simplifying processes and working at a tireless pace to meet ever-increasing demands.
What’s more, they aren’t restricted by the weight capacity of humans, nor do they have a limit to their energy levels. With today’s trend of fast delivery services and an influx of increasing e-commerce traffic, robotics is a smart way for businesses to keep up with current consumer demands and expectations.
Today, most tasks that are crucial to the supply chain, including the movement of products from within a warehouse or distribution centre, rely heavily on robotic technology to achieve the maximum level of efficiency and accuracy needed to meet demands.
An example of this would be Automated Guided Vehicles (AGVs), which are quickly becoming a staple in supply chain warehouses.
Portable, automated and sensor driven machines, AGVs work to navigate the warehouse floor at a faster rate than any human worker, and they can work around the clock, seven days a week.
By speeding up operations and removing the chance of human error, the integration of robotic technologies like AGVs is fast becoming the key to increased supply chain productivity.
Implementing robotics for a ROI
Supply chain businesses have been implementing and actively exploring IoRT transformation initiatives for some time, and research shows this uptake will only continue to grow in the future.
In the supply chain, the deployment of robotics focuses mainly on increasing productivity and lowering operational costs. However, in order to gain the highest value, supply chains must optimise their robotic systems as part of an all-encompassing supply chain strategy, not just in silos.
IoRT operations become most powerful when they are seamlessly connected to a centralised supply chain management system that connects the responsibilities of employees; aligning both managers and the IT departments to manage and optimise the use of all supply chain technologies and systems, including robotics.
When properly integrated, all supply chain business teams have access to real-time visibility of all connected endpoints and a wealth of data insights from the entire supply chain, including the performance and accuracy of the IoRT.
This helps to enhance the use of robotics alongside other technologies and to rapidly uncover any robotics technical issues or inefficiencies. It allows technical support staff to act at the earliest possible opportunity, and in turn minimise the impact of costly slowed productivity or complete outages.
Real-time insights provided by an integrated mobility and IoT management platform can help reduce the overhead costs of tasks, such as maintenance and program updates, by identifying system problems before they happen.
By enabling predictive maintenance for IoRT technology, it also becomes possible to make an evaluation on whether they are effectively achieving a decent ROI for the business.
There is no doubt that the use of robotic automation in the supply chain can boost both productivity and revenue.
However, to guarantee the highest value from robotics investments, businesses must effectively converge business-critical IoRT and other IoT endpoints into a holistic and secure supply chain management ecosystem.