VERSES Expands Deployment of Smart Logistics Solution across NRI’s Global Operations
VERSES to provide AI-powered spatial order picking software in effort to deliver competitive advantage and productivity improvements throughout NRI’s distribution centers.
VERSES Technologies Inc. (“VERSES” or the Company), a contextual computing platform provider specializing in the next generation of artificial intelligence solutions, announces its expanded deployment of Wayfinder spatial order picking software to all eighteen North American distribution centers for NRI Distribution Inc. (“NRI”), a leading third-party logistics (3PL) provider, pursuant to a SaaS agreement previously entered into between VERSES and NRI. This deployment builds upon the success of a multi-site Wayfinder pilot program and is an important step in NRI’s growth strategy to provide comprehensive logistics services for their omnichannel partners and the ongoing commercialization and expansion of VERSES technologies in the global supply chain sector.
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This announcement comes at a time when supply chain disruptions continue to occur globally, forcing many companies to examine and optimize all aspects of their operations. According to the article “Gartner Predicts the Future of Supply Chain Technology” published by Gartner on April 20, 2022, it is predicted that, over the next three years, 25% of supply chain decisions will be made across intelligent edge ecosystems, and more than 50% of supply chain organizations will use machine learning to augment decision-making capability regarding scenario planning and modeling, and market intelligence and forecasting. To meet this moment, NRI is adopting Wayfinder, our AI-enabled spatial (3D) picking and routing application designed to work with edge device ecosystems in an effort to improve the picking experience for its mobile warehouse workers, better utilize distribution center capacity, reduce training time, and accelerate fulfillment throughput at each facility.
“Wayfinder improves efficiency by reducing the cognitive effort that warehouse workers experience when utilizing text-based applications to look for products within the distribution center,” said Gabriel René, Co-founder and Chief Executive Officer of VERSES. “By shifting the work to the Wayfinder application and enabling AI to optimize the tasks and route each worker to the next pick location, we’re proud to deliver not only cost savings, but also improved worker productivity and satisfaction, both of which are critically important at a time when the supply chain industry struggles to meet the demands of today’s modern consumer.”
“Simply stated, we believe VERSES Wayfinder is a game changer, not only for us, but for the industry as a whole, which is why we are excited about our long term relationship,” said Peter McKenna, Chief Executive Officer of NRI. “Throughout our pilot, the Wayfinder application added significant and immediate value to our day-to-day operations, directing warehouse workers in the most efficient pathways to improve individual picking performance by nearly 40%. Bottom line – we believe Wayfinder is driving competitive advantage and we look forward to realizing additional warehouse talent and cost benefits in the coming years.”
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Built on the VERSES COSMTM AI Operating System and powered by VERSES adaptive intelligence technology, Wayfinder leverages a spatial digital twin model of the distribution center to direct workers in real-time to the exact location of each pick in 3D space. This spatial model can also be used to coordinate human activity alongside autonomous robots and drones for optimizing various tasks in the warehouse.
“In addition to improving productivity of the warehouse worker, Wayfinder dynamically analyzes picking data and optimizes warehouse layouts through predictive slotting, smart replenishment, and dynamic putaway,” said James Hendrickson, President and General Manager of VERSES Logistics Inc., a wholly owned subsidiary of the Company and the Company’s global enterprise-specific business unit. “We are excited about our partnership with NRI as they continue to succeed in the logistics space and further drive operational improvement.”
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