Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the logistics industry. This time, you get to discover 5 hand-picked inventory management solutions impacting logistics.
Out of 532, the Global Startup Heat Map highlights 5 Top Inventory Management Solutions impacting Logistics
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 532 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 527 inventory management solutions for logistics, get in touch.
ThruWave develops a Package Imaging System
Sealed boxes are the most efficient and effective way to move goods as well as ensure minimal damages and tampering. However, this creates a challenge of inspecting and counting items while moving in and out of storage facilities. The current inspection methods are manual and require the opening of boxes that hamper the integrity of the packaging. This is why startups and scaleups are developing solutions that allow logistics companies to inspect their incoming and outgoing inventory without opening packages.
ThruWave is a US-based startup that develops a 3D millimeter-wave imaging system to scan packages. The startup’s solution creates a 3D image and analyzes it to create reports for specific applications. These include counting the number of items in a package, gathering the dimensions of containers and items in the package as well as computing the space utilization of closed packaging. This allows manufacturers, retailers, and supply chain operators to automate inventory counts in inbound and outbound workflows.
blu offers Warehousing and Fulfillment Services
Businesses dealing in physical products need to ensure an optimal flow of goods along the supply chain. Inventory management is critical in allowing these organizations to maintain adequate stock that avoids additional storage costs and, at the same time, fulfills customer demand. But for firms in their infancy, maintaining a warehouse with an integrated inventory management system needs substantial investment. To solve this, startups and scaleups provide warehousing and fulfillment services for businesses.
Singaporean startup blu provides warehousing and fulfillment facilities to businesses. The startup’s warehouses use robotics and artificial intelligence (AI) to automate storage processes and fulfillment services. The startup also offers real-time visibility solutions that track inventory movements and facilitate supply chain planning for companies. blu’s warehousing solutions are scalable and enable companies to have consistent, cost-efficient operations in the face of variable demand.
Reelables develops Bluetooth Labels
With the increased need for real-time tracking of packages along the supply chain, active trackers in packaging provide key information on the condition of the contents. But the current trackers require an elaborate time-consuming process for activation. To tackle this, startups are offering package tracking solutions that are easier to activate and avoid manual errors. These also allow companies to maintain a closer check on inventory remotely.
Reelables is a UK-based startup that develops Reelables, a range of active beaconing Bluetooth, temperature logging, track and trace devices. The devices are nearly as thin as radio-frequency identification (RFID) labels and are printable in direct thermal printers, which stick to shipments, boxes, or assets like ordinary barcode labels. The devices, on activation, link to asset identifiers such as serial numbers, order IDs, or shipment tracking numbers and enable zone-based location and custody reporting. This allows companies to perform audits automatically and refresh cyclic inventory counts in real-time.
Stockone provides an Inventory Management Platform
Information regarding inventory is very important in ensuring the operational efficiencies of businesses. The current methods of managing this information revolve around spreadsheets, papers, and employees’ memory. These means are prone to manual errors and restrict business owners from streamlining inventory operations. To address this, startups develop inventory management solutions that automate inventory information processing.
Stockone is an Indian startup that offers a software solution for managing inventory in warehouses. The platform provides inventory visibility across locations and performs cycle counts. It also tracks inventory movement, facilitating stock transfer across sister warehouses. Other modules in the platform enable procurement, multichannel order, and job work management. Further, Stockone offers multiple configurations of their software that allows businesses to customize the application and leverage maximum operational effectiveness.
Aeriu enables Drone-based Inventory Management
The absence of digitization leads to the requirement of manual work in the warehouses. They highly depend on forklift operators for the quick flow inventory information due to convenience. Therefore, the shortage of trained workers prevents companies from obtaining accurate inventory data in real-time. To this end, startups are providing solutions that digitize the operations in warehouses and reduce the requirement for manual labor.
Aeriu is a Hungarian startup that develops software solutions for drone operations. The startup’s solution enables the use of drones for carrying out inventory management tasks in warehouses. The drone-based system reduces the operating costs of warehouses as it requires only fewer people, resources, and time for inventory management at full capacity. It also provides a bird’s-eye view of the warehouse with an interactive map that aids in spotting inconsistencies. Additionally, Aeriu’s solution collects historical inventory data and provides insights that allow companies to make informed decisions.
Discover more Logistics Startups
Logistics startups such as the examples highlighted in this report focus on warehouse management, inventory tracking, and virtual warehousing. While all of these technologies play a major role in advancing the logistics industry, they only represent the tip of the iceberg. To explore more logistics technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Logistics Innovation Report to save your time and improve strategic decision-making.