The Rise of Drones for Taking Physical Inventory - Connected World
In the warehouse and distribution center operational space, the required periodic task that is loathed and sometimes feared by operations people, and disruptive to daily order fulfillment operations, is the taking of a physical inventory of the merchandise stored and stocked within the four walls.
Merchandise stored and stocked in a warehouse or distribution center has a monetary value, and in the United States, owners of the merchandise must adhere to the accounting requirements of the FASB (Financial Accounting Standards Board). The FASB sets GAAP (generally accepted accounting standards) regarding how inventory is measured, valued, and reported based on the results of a physical inventory. Typically, the definitive “benchmark” physical inventory is done annually, but many companies have added quarterly inventories, and sometimes monthly depending upon the value of the merchandise.
Traditionally, “wall to wall” physical inventories had been done by the warehouse workers who were employed in...
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