Yard Management System Checklist: What Factors Are Responsible for a Good YMS?

When we think about boosting supply chain visibility solutions, the first thing that comes to mind is streamlining transportation and storage processes. However, a minor but vital connection unites these two key characteristics, a link that is sometimes neglected and undervalued - the yard. 

Late deliveries, for example, are a common issue in the logistics business, resulting in financial losses, lost opportunities, and customer unhappiness. However, if you dig further into the causes of delays, you may be shocked to learn that they are often caused by inefficient loading procedures rather than traffic or bad routing. 

Improving your yard management significantly influences the efficiency of your supply chain visibility solutions. According to the 2020 State of Yard Management Report, more than half of respondents said using a yard management system might help them save at least 5% on their expenditures. 

So, in this blog, we'll look at what aspects contribute to a successful YMS. 

Smooth Fleet Management as a Cost-Cutting Measure 

Mastering your fleet is the starting point for monitoring your vehicles, being aware of depreciation levels, and using AI solutions for the best of your fleet's long-term operation without maintenance and excessive fuel consumption. 

Using AI-based solutions in supply chain visibility solutions and logistics refers to the method through which intelligent computers may solve problems. This automated smart industrial production method powered by IIoT (Industrial Internet of Things) can drive the complete real time supply chain visibility without operator intervention.

Interconnected - a high level of connectedness for improved decision-making 

Real time supply chain visibility data analysis aids workflow optimisation by providing predictions, identifying inefficiencies, and driving innovation. Supply chain analytics is what professionals term it. There are four key types of supply chain management software or analytics that you can use to make informed data-driven choices for your end to end supply chain planning for company. 

Yard Management System Checklist Advantages

The following are the advantages of the Yard Management System: 

1. Visibility into the yard

The first method a yard management system enhances visibility is via real-time inventory monitoring. It means you'll always know where your assets are and will be able to better plan their utilisation. Previously, many businesses would have to wait until an asset was returned to determine where it was last used.

2. Cost reduction

According to recent research by the University of Utah, a yard management system may assist in cutting expenditures. According to the survey, yards that use a yard management system may save an average of 10% on inventory expenditures. Furthermore, the researchers discovered that these same yards could lower their transportation expenses by an average of 15%. 

So, how can a yard management system assist in lowering these costs? The most apparent solution is to reduce the quantity of inventory a business must maintain. Companies may save money on storage expenses by lowering their inventory.

3. Velocity

The increase in pace is one of the essential advantages of a yard management system. A yard management system may help you minimise dwell time, boost throughput, and optimise yard usage by improving material handling. All of these elements may significantly boost your company's bottom line.

4. Ability to maximise throughput capacity of the yard

The advantages of a yard management system extend beyond throughput capacity. A YMS may also provide cost savings, increased efficiency, and better customer service. A YMS, for example, may assist in minimising the amount of missing or lost inventory items, saving the organisation money. A YMS may also increase communication across divisions within a firm, resulting in greater collaboration and reduced misunderstanding.

Bottom Line

Yards are an important element of the supply chain visibility solutions, an important feature of every organisation. A good Yard Management System (YMS) may assist in optimising material movement and increase efficiency and output. Machine learning is a kind of artificial intelligence that excels at processing big data sets to detect patterns and trends.