Warehouse inventory management has become critical in light of pandemic-related supply chain issues. Unfortunately, it’s a practice that can sometimes fall by the wayside. According to one estimate, 43% of businesses in the U.S. don’t track inventory or do so using a manual system. Inventory accuracy often suffers as a result. A 2017 Peoplevox survey found that 34% of businesses have shipped an order late because they inadvertently sold a product that was not in stock.
Computer vision has emerged as a potential solution to the problem of inventory tracking in large warehouses, where other technologies might be less cost- or time-efficient. A newer player in the market is Vimaan, which is developing a computer vision platform for product tracking and management across the warehouse — including receiving, picking, storage, and pack-and-ship. Vimaan emerged from stealth today with $25 million in venture capital from New Enterprise Associates, Wing VC, and Neotribe Ventures.