A Meet the Boss virtual roundtable in partnership with HERE Technologies

Proper asset utilization is one of the biggest challenges in any supply chain and represents a huge opportunity to improve operational efficiency and reduce costs. Take the example of a postal company with more than 500,000 roll containers. In that specific case, operators did not know the location of 15% of them, and up to 3% of them are being stolen any given year (HERE Technologies). In another example, a global contract logistics company was lacking visibility into material handling equipment in its warehouses, which lead to poor asset utilization, decreased zone and workforce productivity, and high infrastructure costs.

Inefficiencies like this are why best-in-class companies are using the latest in location technology to gain real-time visibility into the location, status, health, and behavior of their assets – whether they’re inside a warehouse, outdoors in a yard, or thousands of miles away. With these insights, stakeholders can reduce asset loss, costs associated with replacement and overstocking, and poor utilization, and some are increasing process throughput by 20%. In a warehouse setting for example, those efficiencies are achieved by driving impact on KPIs such as Order to Dispatch and Dock to Stock time, reducing asset idle time, improving underperforming zones and workforce performance, and achieving a seamless workflow by determining the best layout.

Join thought leaders from HERE Technologies, along with a group of your likeminded executive peers, for this Meet the Boss Virtual Roundtable, where we’ll discuss strategies to drive operational efficiency, reduce supply chain disruption, and transform for the future.