Introduction
Vertical lift modules (VLMs) and racking systems are innovative solutions that help businesses optimize their storage space and increase efficiency in their operations. These systems are designed to maximize vertical space utilization, making them ideal for warehouses, distribution centers, and manufacturing facilities. In this report, we will explore the benefits of VLMs and racking systems in terms of space efficiency and how they can help businesses improve their productivity and profitability.
Benefits of Vertical Lift Modules
1. Space Optimization
One of the key benefits of VLMs is their ability to maximize vertical space within a facility. These systems consist of vertical columns of trays or shelves that are automatically retrieved and delivered to the operator at the push of a button. By utilizing the vertical space, businesses can store more inventory in a smaller footprint, freeing up valuable floor space for other operations.
2. Increased Productivity
VLMs help streamline the picking and retrieval process by bringing items directly to the operator, eliminating the need for them to walk long distances to retrieve items. This results in faster picking times, reduced errors, and increased productivity. With VLMs, operators can pick more orders in less time, leading to improved efficiency and throughput.
3. Improved Inventory Management
VLMs come equipped with inventory management software that helps businesses track inventory levels, monitor stock movements, and optimize storage locations. This real-time visibility into inventory levels enables businesses to make more informed decisions about replenishment, order fulfillment, and stock rotation, leading to better inventory control and reduced stockouts.
Benefits of Racking Systems
1. Versatility
Racking systems are highly versatile and can be customized to fit the specific needs of a business. Whether storing pallets, cartons, or individual items, racking systems offer a range of configurations and accessories to accommodate different types of inventory. Businesses can choose from selective, drive-in, push-back, or pallet flow racking systems to best suit their storage requirements.
2. Scalability
Racking systems are scalable and can be easily expanded or reconfigured as business needs evolve. Whether adding more shelves, adjusting beam heights, or incorporating additional accessories, racking systems can grow with the business and adapt to changing storage demands. This scalability makes racking systems a cost-effective long-term storage solution for businesses of all sizes.
3. Safety and Accessibility
Racking systems are designed with safety in mind, featuring load capacities, beam strengths, and safety accessories to ensure the secure storage of inventory. Additionally, racking systems are designed for easy access to stored items, with aisles wide enough for forklifts and other material handling equipment to navigate. This accessibility helps streamline the picking and retrieval process, improving operational efficiency and reducing the risk of accidents.
Industry Insights
The global market for automated storage and retrieval systems (AS/RS), which includes VLMs and racking systems, is expected to grow significantly in the coming years. According to a report by Mordor Intelligence, the AS/RS market was valued at $7.5 billion in 2020 and is projected to reach $11.7 billion by 2026, with a compound annual growth rate (CAGR) of 7.8% during the forecast period.
Several key players in the AS/RS market include Daifuku, Kardex Group, Murata Machinery, SSI Schaefer, and Swisslog Holding AG. These companies offer a wide range of VLMs, racking systems, and other automated storage solutions to businesses across various industries, including retail, e-commerce, automotive, and pharmaceuticals.
Conclusion
In conclusion, vertical lift modules and racking systems are effective solutions for businesses looking to optimize their storage space and improve operational efficiency. By maximizing vertical space utilization, increasing productivity, improving inventory management, and offering versatility, scalability, safety, and accessibility, VLMs and racking systems help businesses streamline their operations and achieve greater profitability. With the global AS/RS market expected to grow in the coming years, businesses can benefit from investing in these innovative storage solutions to stay competitive and meet the demands of a rapidly evolving supply chain landscape.
