Posted by Thelma Marshall, VP of Solutions, October 27, 2020.
Much of the supply chain has connected their warehouse management software with an advanced telematics platform to gain instant access to actionable information, increased productivity, and fewer losses. But not everyone has made these software upgrades.
Change is hard, especially if it takes an investment. About 40% of CIOs report they have achieved their data initiatives, but that means 60% of the remaining companies admit they still haven’t made the investment.
There are three common reasons companies put off upgrading their software platforms. Unfortunately, these excuses are all based on fears, not on facts
- It will be too costly. New technology can sometimes be introduced in steps. You can often start small, like with a single machine or a small family of smaller machines, and see ROI in little as 45 days. Systems are scalable to fit your strategies.
- We lack the necessary IT experts. With many vendors, you do not need any staff expertise. Deployment experts from the company you select to should manage the implementation process like they were a part of your enterprise, sticking to your budget and to your schedule. Your software provider should not just set the system up and say, “go!” either. Training for operators and other employees should be part of their services so that everyone is fully comfortable with the platform.
- It’s a bad time to make changes. It is so easy to fall into the trap of believing upgrades should wait because of old equipment, resource limitations, or the challenge of more pressing issues. But deploying a new advanced telematics platform can facilitate a scalable plan to stay one step ahead of the competition, with measurable results and ROI.
Holding back from making system upgrades can be a costly mistake. The cloud connects all your information with ease and value — revolutionizing data and how it is received in real time. AI allows for machine learning to meet the challenges of supply and demand, while predicting and reducing costly mistakes.
The first step
The first step to overcoming all the questions and objections to upgrades is to take the time to learn what investing in an advanced telematic system could do to solve your biggest challenges and cut costs.
Essentially, weigh in the ROI. It will be worth it.
A vendor will begin with an assessment to analyze machines and data being collected and provide a customized strategy to leverage and expand your data system capabilities. An analysis of potential gains should help you determine if it’s time to make the move. When you can see that it will save more money then it will cost, it’s an easy decision.
The last few years of telematic software development has addressed common challenges by providing real-time data that managers need most — delivering easy, actionable information (the who, what, where, and why), available on one screen. It quickly estimates customer demand based on historical data, completing predictive calculations based on facts rather than guesswork.
It’s easy to avoid making system upgrades if you don’t know how it could increase profits, productivity — and deliver ROI. More and more enterprises are investing in new telematics upgrades to stay one step ahead of costly problems and increase productivity.