How data analytics enable data-driven asset and operations management
Fulfilment facilities tend to be concerned with one of two subjects in their day-to-day operations:
- Equipment: How well the system is operating
- Operations: How efficiently orders are processed
On the technical, or mechanical, side of the facility, data analytics can provide insights into component failures or threat of failures, breakdowns and replacements. On the operations side, data analytics assists with stock and resources monitoring, and overall operational capacity.
Data analytics give fashion fulfilment facilities the unique opportunity to improve operational efficiency without having to make drastic changes to their systems: they can enhance performance simply by basing their operations and maintenance on data.
1. How data analytics assist maintenance efforts
By collecting and analysing their data, over time asset managers will start seeing trends that can inform them with accuracy about the wear and tear of their components.
This is important as the lifecycle of any component will be impacted by operational and environmental conditions and these will differ from facility to facility. But with data analytics, managers will be able to determine with greater certainty when individual components need to be replaced and whether they can increase their maintenance cycles.