Solve Warehousing Needs with WMS
As aforesaid, Singapore is a global recognized leading logistics hub renowned for its world-class infrastructure and global connectivity. Many of the largest third-party logistics (3PL) companies in the world have already established offices in Singapore to leverage on the excellent infrastructure and connectivity.
With the growing demand for warehousing services and the increasing complexity of warehouse operations to support key manufacturing and the increase in e-commerce activities in Singapore and the region, it is vital for logistics companies to remain competitive. It is, therefore, important for logistics companies in maintaining high productivity to stay resilient in the midst of these changes and challenges. The School of Civil and Environmental Engineering College of Engineering at Nanyang Technological University conducted a study of warehouse management systems in Singapore and made recommendations to keep Singapore competitive as a leading logistics hub.
According to the study, Singapore has many small players in the warehousing and logistics industry. At many of these companies, the use of Warehouse Management Systems (WMS) has not become widely adopted. WMS are systems that integrate Automated Storage and Retrieval Systems (AS/RS) with software for maintaining inventory, scheduling, and other functions to improve productivity. The benefits of these technological enhancements are in increase in efficiency and lower cost.
The study points out that the average level of technical sophistication in warehouses in Singapore is varied. Larger companies tend to leverage technology more than smaller operations. As a result, smaller players have farther to go to remain competitive in the logistics industry. The authors of the study propose that the government should encourage the adoption of technology such as WMS by subsidizing the costs. Such government schemes will help the industry to remain competitive and move forward.
WMS Helps 3PL Companies to Increase Efficiency and Profitability
Implementing WMS systems can improve overall productivity for 3PL companies. WMS systems help with inventory control, reduce the overall cost of labor and improve with the use of WMS systems. Smaller 3PL businesses can leverage such technologies to vastly enhance their profitability while avoiding the expense of investing in new warehouse locations.
How IM Investment Holdings can Help Your Business
The future of warehousing in Singapore is one of leveraging of technology and automation. Companies that adopt such technologies will be able to remain at the forefront of warehousing and logistics for the world. IM Investment Holdings has adopted these systems, to remain competitive and therefore can help companies with their logistics and warehousing needs more efficiently. Our capability extends to bonded and cold store for perishable items with presence around the region. Contact us today to find out how we can assist you in your logistics and warehousing needs.