PFS launches innovative drone technology for real-time inventory tracking to improve accuracy, efficiency and safety in Memphis-based warehouse and distribution campus
ALLEN, Texas, July 27, 2022 (GLOBE NEWSWIRE) -- PFS, a premier eCommerce order fulfillment provider and business unit of PFSweb, Inc. (NASDAQ: PFSW), today announced a partnership with Vimaan, a technology provider delivering computer vision-enabled solutions for warehouse inventory tracking, control and management. For over 20 years, PFS has been an eCommerce leader behind premier brands in health & beauty, fashion & apparel, jewelry, and consumer packaged goods.
Initially, PFS is integrating Vimaan’s StorTRACK AIR, the first-of-its-kind self-flying warehouse drones to automate inventory tracking activities within one of PFS’s Memphis-based fulfillment operation that stores and picks, packs, and ships inventory for premier brands. Scanning inventory from the ground to the ceiling, the robots capture up to 1,500 locations per hour and deliver highly accurate inventory status details to the PFS Warehouse Management System (WMS). The implementation of this solution will improve the accuracy and traceability of client product inventory across PFS’ fulfillment centers.
“With the rise in demand for multi-node fulfillment operations, it’s more critical than ever to track inventory more efficiently across our facilities,” noted Jon Gardner, Senior Vice President of Fulfillment Operations at PFS. “Vimaan’s technology allows us to implement real-time tracking against our WMS more accurately, efficiently and safely. It also enables PFS to deploy immediate investigation and adjustments to improve accuracy and responsiveness for our clients. The implementation of this technology means another step forward for PFS’ efforts to drive innovation across our facilities in support of our clients’ eCommerce operations.”
“We believe near real-time 100% inventory accuracy and visibility across the entire warehouse is attainable. PFS is not only ahead of the curve by being one of the first in the industry to utilize this groundbreaking technology, but they’re also a valuable partner to us as we continue to innovate our technology and solutions,” noted S.K. (“KG”) Ganapathi, Vimaan Founder and CEO. “We expect PFS to gain significant efficiencies during the cycle count/receiving and packing audit processes, resulting in the same significant savings other clients have seen using this technology.”
The technology is being initially deployed at a single location within PFS’ Memphis-based fulfillment campus with current plans to roll out to remaining global fulfillment centers through 2023.
“The deployment of this technology is another key step in our planned innovation roadmap,” commented Zach Thomann, COO and President of PFS. “We are continuously looking at additional methods to produce more efficient eCommerce fulfillment operations, such as autonomous mobile robotics, goods-to-person systems and advanced scanning technology. We have opportunities to improve our inbound receiving, put-away, quality inspection and shipping processes by deploying these types of solutions and will continue to explore additional capabilities that will benefit our clients. Vimaan has been a great partner to help us achieve these objectives with technology and consultation.”
Headquartered in Silicon Valley, Vimaan’s team comprises computer vision and hardware technologists and warehousing domain experts with a rich and successful history in technology startups. Vimaan’s primary mission is to deliver computer vision and machine learning solutions to solve long-standing inventory visibility, accuracy and quality challenges experienced in the supply chain. For more information, visit www.vimaan.ai.
PFS, the business unit of PFSweb, Inc. (NASDAQ: PFSW) is a premier eCommerce order fulfillment provider. We facilitate each operational step of an eCommerce order in support of DTC and B2B retail brands and specialize in health & beauty, fashion & apparel, jewelry, and consumer packaged goods. Our scalable solutions support customized pick/pack/ship services that deliver on brand ethos with each order. A proven order management platform, as well as high-touch customer care, reinforce our operation. With 20+ years as an industry leader, PFS is the BPO of choice for brand-centric companies and household brand names, such as L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, the United States Mint, and many more. The Company is headquartered in Allen, TX with additional locations around the globe. For more information, visit www.pfscommerce.com or ir.pfsweb.com for investor information.
PFS Media Relations: Robin Olsen, Berkeley Communications 720-891-8870 robin.olsen@berkeleypr.com
PFS Investor Relations: Cody Slach or Jackie Keshner Gateway Group, Inc. 1-949-574-3860 pfsw@gatewayir.com
Vimaan Media Relations: Craig Dowley, VP Marketing craig.dowley@vimaan.ai
Groupon is known for offering discount coupons and vouchers for a variety of retailers and services, but the company also has other revenue streams you may not know about.
Samsung Electronics Co, Ltd (OTC: SSNLF) reported second-quarter FY22 revenue growth of 21% year-on-year to KRW77.20 trillion. The Device Solutions Division posted KRW 28.5 trillion in revenue and KRW 9.98 trillion in operating profit. Earnings in the Memory Business improved as it focused on meeting solid demand for servers. Samsung Display Corporation posted KRW 7.71 trillion in revenue and KRW 1.06 trillion in operating profit, driven by solid demand from major customers. The Mobile eXperienc
As EcoVadis’ growth strategy accelerates, we’re pleased to announce two key additions to our leadership team who will help put our recent funding to work guiding even more companies towards a susta...
PHILADELPHIA, July 28, 2022 /3BL Media/ – Aramark, the leading U.S.-based food service provider, announced today the start of its second mentoring cohort with the Eastern Minority Supplier Developm...
The owner of an expanding lifestyle-assistant business is acutely aware of the need to balance growth with prudence.
Mutual Fund Report for EAEAX
Colombia's inflation is forecast to have maintained its upward trajectory in July, rising almost to 10% amid supply issues and robust demand, pushing up estimates for this year and next, a Reuters poll revealed on Friday. Consumer prices are projected to have risen 0.60%, according to the median taken from the responses of 13 analysts. If the analysts are correct, annual inflation to the end of July will hit 9.98%, above the 9.67% registered as of the end of June and maintaining the highest levels in more than 22 years.
Credas Technologies, the leading anti-money laundering platform for property professionals, has been certified against the UK Government’s Digital Identity and Attributes Trust Framework. This will...
DXC Technology's (DXC) first-quarter fiscal 2023 performance is likely to have been negatively impacted by the business operation closure in Russia, the strong U.S. dollar and divestitures.
The formerly high-flying growth stock is stalling against macroeconomic headwinds. How quickly can the business get back on track?
Amazon had staffed up earlier in the year as the Omicron variant spread. The workforce is down 6% since the end of March.
Global Payments' (GPN) second-quarter results are likely to reflect benefits from well-performing Merchant Solutions and Issuer Solutions segments, partly offset by increased operating costs.
FAT Brands Inc. (FAT) delivered earnings and revenue surprises of 78.41% and 0.77%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK (Reuters) -Oil prices rose more than $3 a barrel on Friday as attention turned to next week's OPEC+ meeting and dimming expectations that the producer group will imminently boost supply. Oil pared some gains after the release of data from oil services firm Baker Hughes, which showed that U.S. drillers added crude rigs for a record 23 months in a row, indicating more supply ahead. In July, the oil rig count rose 11, increasing for a record 23rd month in a row, while the gas count was unchanged after rising for 10 straight months, the Baker Hughes data showed.
(Bloomberg) -- ArcelorMittal SA agreed to buy Brazilian steelmaker CSP from shareholders including Vale SA for $2.2 billion as the company continues to expand its operations in the Americas.Most Read from BloombergRockstar Games Cleaned Up Its Frat-Boy Culture — and Grand Theft Auto, TooFed Hikes 75 Basis Points Second Time, Signals Third Is PossibleBiden Considers New Pause on Paying Back Student Loans, $10,000 ReliefUS Economy Shrinks for a Second Quarter, Fueling Recession FearsFed Watchers S
SPX (SPXC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ExlService Holdings (EXLS) delivered earnings and revenue surprises of 12.78% and 5.21%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Shares of Roku Inc. were tumbling toward their worst drop on record Friday after the streaming company acknowledged a "significant slowdown" in advertising spending that helped propel it to weaker-than-expected results and could persist beyond the latest quarter.
Mastercard CFO Sachin Mehra talks about company growth, and a "high degree of resilience" in consumer spending.
Higher NII and rise in fee income support Sallie Mae's (SLM) Q2 earnings. However, a rise in expenses poses an offsetting factor.