Skip to main content

Nokia launches Autonomous Inventory Monitoring Service with Graybar

Written by Customer Service on . Posted in Public Companies.

Press Release

Nokia launches Autonomous Inventory Monitoring Service with Graybar

  • Autonomous Inventory Monitoring Service (AIMS) transforms traditional inventory cycle counting process with autonomous drones and cloud analytics software
  • AIMS reduces the costs associated with inventory counting while also improving accuracy and efficiency
  • Scanning data is used to validate physical inventory and improve customer service

03 October 2023
Murray Hill, New Jersey – Nokia today announced it is launching Autonomous Inventory Monitoring Service (AIMS) with Graybar, a Fortune 500 company and one of the largest distributors of electrical, communications and data networking products in North America.

Nokia AIMS improves the accuracy and efficiency of cycle counting for warehouse operators by using autonomous drones. The drones safely navigate through a warehouse, scanning inventory on shelves, then share up-to-date results and analytics with warehouse managers. This technology is the result of years of Nokia Bell Labs research, and the fusion of AI-enabled drone-based hardware, camera-based indoor localization, data analytics and computer vision. Nokia AIMS can be used to improve service levels for warehouse operators, distributors, third-party logistics, OEMs, retailers, and grocers.

Graybar has signed a commercial deal with Nokia using AIMS to enhance its existing inventory management capabilities with this technology. Increasing the accuracy and efficiency of its inventory management program can result in improved productivity and customer satisfaction.

Paul Heitlinger, General Manager, Nokia AIMS said: “We are excited to launch Nokia AIMS with Graybar, a leading innovator in the distribution industry. Traditional warehouse inventory counting is manual, inefficient, and prone to human error. Nokia AIMS helps customers such as Graybar improve overall efficiency with an expected 30-40 percent ROI.”

Mark Hirst, VP Technology, Graybar said: “At Graybar, supply chain innovation is vital to our long-term success. We believe Nokia AIMS will help us increase the accuracy and efficiency of our inventory monitoring, which will enhance the customer experience and improve our operational performance. Very few technologies can simultaneously boost performance while reducing costs, but we believe AIMS can deliver both.”

Graybar has also purchased Nokia Digital Automation Cloud (DAC) to help improve the connectivity in its warehouses. The first Nokia DAC installation will be at Graybar’s St. Louis Service Center, with possible expansion to additional warehouses in the future.

Resources and additional information
Webpage: Autonomous Inventory Monitoring Service | Nokia

About Nokia
At Nokia, we create technology that helps the world act together.

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

About Graybar
Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. Through its network of more than 325 North American distribution facilities, it stocks and sells products from thousands of manufacturers, helping its customers power, network, automate and secure their facilities with speed, intelligence and efficiency.

Media inquiries
Nokia Communications, Corporate
Email: Press.Services@nokia.com

Follow us on social media
LinkedIn X Instagram Facebook YouTube

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.