Do you know organisations lose around 20 to 30% of their revenue due to operational inefficiencies? Source: IDC (International Data Corporation)
The solution is innovative technologies for creating efficient operational mechanisms, eliminating or reducing redundancies, and errors, and saving capital with desired productivity. And to design, implement and manage, organisations require quality IT professionals.
IT professionals can use technologies to create efficiency in operational management within organisations. In today’s passage, we will explore nine ways you can use innovative technologies for productive operations. You require one of the top universities in India to gain industry-specific theoretical education with a hands-on learning experience.
We suggest aspiring IT professionals explore Manipal University, Jaipur, for holistic growth and exceptional career growth with internships and placements. MUJ is one of the best NAAC Accredited universities in Rajasthan and across India. Keep scrolling for more about this premier educational institute.
Are you facing operational challenges like out-of-stock, tied-up funds due to excess stock, spoilage, obsolete inventory or other stock problems?
If yes, you require innovative technologies for efficient inventory management. The advantages are optimum utilisation of stock, less wastage, an increase in the bottom line, accurate ordering and tracking for a complete sales cycle.
IT professionals apply innovative technologies to ensure ideal inventory management. Inventory management is crucial for operational efficiency for businesses across verticals.
In the following sections, we will explore five must-have technologies to organise inventory and operations for sustainable business management.
Warehouse management systems like Unicommerce, DHL, etc., offer diverse categories and implementation methods. It depends upon the domain and size of the organisation. They can be stand-alone systems or modules in a larger enterprise resource planning system or supply chain executive suite.
Some organisations also develop their in-house WMS system. However, it is economical and common practice to consult an established WMS vendor for installation. It can also be configured according to the specific requirements of the organisation.
RFID stands for “radio-frequency identification”. It refers to a technology where digital data encoded in RFID tags or smart labels are captured by a reader via radio waves. It is a type of Automatic Identification and Data Capture technology.
AIDC technologies automate object identification, and data collection, and ensure accurate data entry into the system. It minimises human errors, risks, saves capital, etc.
Light Fidelity Technology also refer as LiFi provides seamless wireless connectivity among electronic devices and robots through visible light communication. The technology enables accurate 3D positioning of drones, robots, and other devices in factories and warehouses.
LiFi is reliable in low light and indoor areas. IT professionals can use this to address the connectivity problem of electronic devices across the warehouse or the factory.
Learn these crucial technologies hands-on with internships at Manipal University, Jaipur, and become a high-valued employee for efficient operational management.
We see barcodes everywhere- from products at the mall to items delivered at home from e-commerce companies, to ID cards. These bars or lines are a quicker, more accurate, and more reliable way to identify products.
Barcodes help staff to find the products faster. It makes it easier to review inventory position, and current information and helps with better decisions related to new purchases, discounts etc.
Organisations from small to large rely upon quality IT professionals to induct advanced robotic technologies for efficient operational management. Smart robots with customised software are among the most sought-after technologies for inventory management.
Organisations can use robotic technology to manage large orders, navigate several products, personalised order packing, and faster arrangements for shipments. Delays in these tasks are common phenomena due to human error, overhead costs, etc. IT professionals can implement robotic technology to minimise human errors and execute tasks at a lower cost.
IT professionals can also be instrumental in implementing technological transformations for smooth operations of project-based businesses. Professional service firms (legal firms, tax consultants), household services (Urban Company, NoBroker), and construction firms are some examples of project-based organisations.
Operational management at these businesses requires efficient order/assignment receiving, timely execution, on-budget delivery, and customer satisfaction. An IT professional from the best engineering colleges in India can help with the seamless implementation of project management software. With PMS, organisations can make a work structure and break down projects into tasks to be completed.
It helps to decide and set budgets and timelines with assigned job roles. You can also monitor the status of a job in progress and customer satisfaction level.
A system in place to measure performance is crucial for efficient operational management. Dashboards and metrics are a must-have technology for all types of organisations. It helps to establish KPIs and ensure optimum efficiency and productivity.
Production managers can track the status of items produced. Warehouse managers can use dashboards to measure shipment status. Sales managers can use dashboards and metrics to track sales leads and the performance of staff. These technologies also inform about defective products, mistakes on the floor, etc.
IT professionals from the best engineering colleges in India learn to implement the future-proof technological infrastructure. It helps organisations to readily adopt according to the evolutionary nature of technology for smooth operations management forever.
Conclusion
Organisations can improve overall production and business performance with these technologies. And for better outcomes and proper implementation, organisations require IT professionals from top universities in India, who offer in-depth knowledge of these technologies and can troubleshoot any glitches in their operations.
We suggest exploring Manipal University, Jaipur, for the best engineering programs and placements at MUJ with a perfect blend of theoretical and practical learning experiences.
Synopsis
IT professionals from the best engineering colleges in India can ensure smooth operations across organisations with cutting-edge technologies. The blog explores nine prominent technologies that ensure efficient operational management and require the expertise of quality IT professionals for implementation and management.
You can also explore Manipal University, Jaipur, for the best engineering courses and become the IT professional every organisation seeks.