One major challenge with inventory management systems is controlling the use of space in a warehouse or stock room to allow for product to be found most easily and efficiently. One very interesting new technology is Automated Material Handling. Essentially this means that the shelf moves to the operators who need product via motorized robots on electronic tracks. Kiva Mobile Fulfillment Systems (MFS) is one major player in this area and has seen excellent results and growth.
A video explaining how the technology works is attached.
http://www.youtube.com/watch?v=biURjfUxaJM&feature=related
This technology better utilizes warehouse space, because forklifts or pallet jacks are not necessary. It also reduces product shrink (theft and loss) because employees are not allowed into the warehouse other than at the picking locations. Finally it takes product movement away from the job of employees, therefore reducing effort and ergonomic challenges, and allows greater accuracy. While primarily desgined for warehouses currently, I believe the stock room at retailers would also benefit from this technology for the same reasons.
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