Best Practices for Warehouse Management
Let’s Start with Warehouse Management First
The process of controlling the receipt, materials' storage, movement inside the warehouse, and their delivery to customers is known as warehouse management. In addition, it also ensures material handling, order fulfilment, and inventory control.
Furthermore, warehouse management is a crucial link in the supply chain as it involves the inflow and outflow of goods. Ensuring the flow of goods from the manufacturing unit to the warehouse before transferring the same successfully to the end users makes warehouse management successful. The safe and secure handling of materials in the warehouse as well as tracking and controlling the storage of goods also come in the same category.
Additionally, warehouse management includes tracking, measuring and maintaining optimum inventory levels, besides ensuring inventory costs.
Check Out the Best Warehouse Management Practices
Plan Picking Procedure
As a warehouse owner, look to standardise the picking process. You can also assign resources to pick to maximise efficiency.
Reduce Touch Point
Reducing touching points that products have is a good way to remove unnecessary steps from the fulfilment process. It will ensure less wear and tear and a smooth transition of goods.
Ensure Information Sharing
Your warehouse management process should enable seamless sharing of information across the enterprise, retail locations, and every stakeholder. This will ensure a single system to manage all records, enable easy-to-track inventory locations and levels, etc.
Consolidate and Manage SKUs
It may be a tough task to execute with sales, vendors and inventory functions. The Stock Keeping Unit (SKU) from the vendor may differ from your internal SKU. But with credible warehouse executives, you could consolidate and manage SKUs to minimise errors, ensure inventory accuracy, and avoid manual verification. Have an efficient inventory management system to carry out this process effectively.
Track Your Warehouse KPIs
Try to track all fulfilment and inventory KPIs to have a good snapshot of how warehouse processes are shaping up. Depending on the volume and size of your business, try to monitor these processes monthly, weekly, quarterly or annually.
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