UAB "Equinox Europe" is implementing an EU-funded project, during which, through R&D activities, a unique product in the field of warehouse process optimization and management will be developed – a new, innovative warehouse management system utilizing artificial intelligence technologies.
The system will have the following innovative features: order-based goods picking and grouping into picking batches, optimizing the picking operation; goods placement in the warehouse picking zone and optimization of location sizes for items; and the ability to split picking orders into separate parts. The development of the new product is focused on the small and medium-sized business segment, where no warehouse management systems with these innovative features are currently available.
The project is being implemented under the 2022–2030 development program managed by the Ministry of Economy and Innovation of the Republic of Lithuania, as part of the Economic Transformation and Competitiveness Development Program, Measure No. 05-001-01-05-07 "Create a consistent innovation activity promotion system" Activity "Encourage innovation supply" Impact Activity "Invest in the development of new APV products and create conditions for researchers to participate in company R&D activities, promote intellectual property, early-stage pilot production of new products, and market preparation" (Central and Western Lithuania region).
Project value: €1.510.173, of which €799.910 is EU funding. The project is co-financed by the European Union.
Project implementation duration: from June 2024 to June 2026.
For more information: www.esinvesticijos.lt
