FourKites’ YMS Industry Report surveyed over 300 Fortune 500 companies and found that only a quarter of respondents had adopted a yard management solution. Even though YMS adoption rates were relatively low, over 80% of respondents believed that a YMS would or could help their yard function more efficiently.
Why is there such a stark difference between those who see value in a YMS and those who have taken the plunge to adopt one? Carnera hypothesizes that this is largely due to two factors: the priority organizations place on investing in warehouse management systems (WMS) and transportation management systems (TMS), as well as the large number of internal stakeholders involved in implementing and using a YMS.
The sheer number of users a YMS can support is a strong reason for adoption, but some may see it as a roadblock due to the training and implementation needs surrounding the tool.
This is where selecting the right provider comes into play.
By choosing a provider eager to partner with you to make implementation and training simple and straightforward, you can significantly reduce the internal resources needed to kickstart a yard management solution.
Learn More About Yard Management Systems
How can digitizing the yard improve operations?
Manual processes plague workflows across the yard, from the gate to the dock. Modern yard management systems are designed specifically to streamline and automate many of those antiquated workflows. When selecting a yard management system, it’s important to consider where the bulk of your costs are coming from, and then determine which provider offers the most effective solutions for the related workflows to help minimize costs. For example, FourKites’ Dynamic Yard offers spotter task workflow automation to help spotters complete tasks more efficiently, which is important for organizations over-spending on labor.
Koepke dug deeper into the survey data surrounding manual processes, noting that 22% of respondents manage gate operations manually, on paper. Carnera explains that the value of digitizing the gate comes from the ability to track equipment and goods as they enter and leave the yard.
In addition, he notes that offering gate personnel the ability to in- and out-gate trucks in multiple ways, in addition to the ability to leave the gatehouse to gather information, adds significant operational value.
By digitizing the gate, processes become more repeatable and trackable. If gate operations are sluggish and unnecessarily costing the organization money as a result, digitization enables managers to view performance metrics and isolate areas of improvement across the organization or individually by site.
How Can a YMS Help Organizations Better Manage Inventory?
Inventory management is one of the toughest and most important challenges for facilities to tackle. Carnera has stated that this is a leading reason for customers initiating conversations about adopting a YMS. And while every industry can benefit from maintaining real-time inventory logs, the Retail industry - more than any other industry represented in our survey - seems to put yard management systems to work for this task.
According to our survey, 41% of Retail respondents have adopted a YMS, far surpassing the average adoption rate of 25%. Carnera hypothesizes that this is likely due to the sheer number of deliveries (and inventory) the retail industry must manage every day, as well as the larger size and inherent complexity of retail yards.
Lost inventory is a costly mistake for any organization, regardless of industry, but yard management systems can step in to ease that burden.
FourKites is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores, and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel, and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains.
In this Supply Chain Leader’s Playbook, we detail how, through a constant emphasis on efficient processes and empowered employees, the agile supply chain benefits the greater organization by allowing it to act quickly and decisively in the face of disruption including tips from Walmart Canada, Meijer, and Cardinal Health.
In this Supply Chain Leader’s Playbook, we take a look at how supply chain leaders are increasingly turning to freight tracking software, real-time transportation visibility platforms, to automate manual tasks and streamline collaboration, saving time and money across a variety of supply chain roles.