The main benefits that can be achieved through efficient inventory management are:
Here are some of the best ways to manage your warehouse stock more effectively.
Organize your spaces
Every inch of your warehouse costs money for rent, electricity and other services. Every centimeter covered needlessly by the operators also costs in terms of time and effort. By defining spaces effectively and assigning the most suitable location to each stock, you can create more efficient routes for your staff, thus saving time in completing orders.
Plan in advance for different needs
Companies have different seasonal needs: some periods of the year will have higher levels of demand. Anticipating demand based on annual trends and ensuring that stocks are kept at an optimal level is crucial to ensure an efficient order completion process.
Monitor performance
The needs of the logistics area can change over time: monitor how your warehouse is managed every year, update the available stock and consider whether changes need to be made to make it more efficient. Consult your staff members and ask them to indicate where improvements can be made.
Use labelling
Labelling every piece of stock in the warehouse is essential for optimal stock management. Clear labels ensure easy identification of products before moving or shipping them. Depending on the needs and size of the company, a barcode system can also be used. Whatever your choice, make sure it is up-to-date and that no numbers are reused inappropriately.
Implement cross docking
Cross docking is a form of supply chain management that reduces shelf storage time. It involves unloading material from an incoming vehicle before immediately loading the same material onto an outgoing truck. This means faster processes and a consequent saving of time and money.
Staff training
The staff who understand the warehouse inventory system will follow it more scrupulously and therefore manage the warehouse more efficiently. With adequately trained operators, it is possible to have a well organized warehouse.
To find out more about what you can do to manage your warehouse inventory more effectively, ask for our LogiCheck now: an in-depth analysis of your logistics area in which the state of the infrastructure, compliance with regulations and the efficiency of your staff and IT system are examined.
