October 08 2019

Industry 4.0 Project

A smart warehouse in the hardware sector

Finance granted: 178.982,48
Eligible costs: 451.671,90

Description

The need to modernize the process with modern computer programs and the need to modernize warehouse equipment to create a fully automated warehouse are the drivers of Viteria 2000’s investment in offering its customers better service and keeping associated management costs down.

The final objective is therefore to set up an automatic warehouse and retrieval/storage system to optimize productivity and work space with ease. An independent retrieval system operated by integrated management software will handle incoming and outgoing stock automatically.

Aim

To expand production capacity of the plant by introducing a more innovative, automated technology system consisting of machinery capable of reducing individual order processing times; To increase margin between production costs and revenue through a considerable reduction in supply costs; To improve the quality of services by shifting some of the staff freed up by mechanization to quality control on finished product; To make production organization more efficient by applying lean production and just-in-time (JIT) principles; To efficiently penetrate the market of marginal orders by becoming more competitive in speed and costs.

Results

Increasing production capacity by introducing a more innovative, automated technology system, consisting of machinery capable of reducing individual order processing times while at the same time reducing picking errors and the costs of re-entering orders (less waste and fewer returns).
Increasing margin between production costs and revenue through a considerable reduction in supply costs. Efficiently penetrating the market of marginal orders by becoming more competitive in delivery speed and costs. Introducing automated warehouse management processes will improve sales service quality with reciprocal seller/customer satisfaction (less waste and fewer returns) and the subsequent possibility of expanding and breaking into new markets.