Warehouse management is the act of organising and controlling everything within your warehouse.
ARRANGING YOUR WAREHOUSE
Planning the layout of your warehouse is centred on balancing two things: Providing enough storage space for your inventory; While still having enough working space for staff to move around and complete their tasks. And this generally requires.
LABELLING AREAS OF YOUR WAREHOUSE
Effective warehouse management can’t be done without set location names for stock that have been clearly labelled. Your team should be able to look at your warehouse system and see exactly where any product is located.
Practicality is king here. Sticking with simple alphanumeric combinations makes it easier to understand and decipher for pickers trying to reach that site location
HOW TO ARRANGE INVENTORY IN THE WAREHOUSE
So at this point we have a warehouse that’s laid out and labelled in the most optimal way for your business. But this now raises the question.
Research we conducted on over 20 Veeqo retailers found that 60% of a company’s sales tend to come from just 20% of their products. Meaning you can severely reduce picker walking time by Identifying that 20% of products from past sales data in your business.
- Scan a product or purchase order.
- Update inventory levels.
- Put it away in the warehouse.
Measuring Warehouse Performence
Receiving new stock area
Goods receiving' is the function of checking items delivered to the business, either coming in as new stock or as supplies.
Unpacking / booking in new stock area
Before you move, or unpack, any stock at all there is one thing you should always do- check that the stock you are about to handle is the correct stock.
Packing area
Pick and pack warehousing is the process in which fulfillment centers choose products from shipments and re-package them for distribution.
Shipping Station
A ship station (or ship radio station) is a radio station located on board a sea vessel. The ITU Radio Regulations define it as "A mobile station in the maritime mobile service located on board a vessel which is not permanently moored, other than a survival craft station.
Excess/dead stocking area
Dead stock is inventory that a company has held for a long time and is unlikely to sell. To get rid of dead stock, companies may employ strategies such as offering discounts or bundling dead stock with better-selling products.
A warehouse office
Warehouse buildings are usually used for storage and distribution, which means only a small amount of office space is needed and most of the space will be dedicated to storing products and inventory.
A main storage area
Primary storage is located on the motherboard . As a result, data can be read from and written to primary storage extremely quickly. This gives the processor fast access to the data and instructions that the primary storage holds.
Warehouse Management Systems (WMS)
Management Software of some kind can basically take a huge chunk of the leg work out of all the above processes.
Arranging your layout properly and then organising your inventory within this.
Finding the correct Warehouse Management System for you depends on a variety of aspects unique to your business.
- Having a well-drilled system in place for staff to repeat time and time again when it comes to receiving stock and fulfilling orders.
- Measuring efficiency, then identifying and fixing problem areas.
- And knowing when it’s time to invest in a digital Warehouse Management System (WMS).
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