Managing a warehouse is not a child’s play, rather it is the most challenging aspect of the entire supply chain management process. There are a lot of factors that may hamper the smooth operation of warehouse management and even the smallest detail if overlooked can lead to big losses. Thus, it is extremely important to understand the various aspects of warehouse management, and address each of them efficiently. A well-managed warehouse can boost the performance of the entire unit and prove to be a great asset for the organization.
The Three Pillars On Which The Success Of A Warehouse Completely Depends On Are:
Even the most advanced unit can collapse due to miscommunication. Effective communication can maximize productivity and helps in completing work orders in time. When shipments are executed on time then the growth of the business is guaranteed. You can achieve 100% streamlined communication between multiple teams with help of the right technology.
The entire logistics business relies on time management. If orders are not fulfilled on time, then it can cost your business money and loss of reputation. Thus, calculating the time and managing efficiently is the secret behind the success of any warehouse.
From purchase orders to delivery challans, if information is incorrectly recorded, then it can cause big losses. Thus, accuracy is the third important aspect of warehouse management.
Now that we know the three pillars of warehouse management, let’s look at the top five practices for warehouse management.
Use of Automated Data Entry Process
We have just seen that accuracy is an important aspect of logistics; thus, to achieve 100% accuracy in processes, companies must use the best technological support, companies like the CartonCloud can provide such software that can read existing data from various systems and integrate all under one platform.
Restructure the floor plan
This technique takes care of the second pillar of warehouse management, i.e., time. Keeping the warehouse organized is an important aspect of warehouse management. If your warehouse is not properly planned, then you will lose out on a lot of time in finding the right articles. If products are stored systematically, then it will be easy to find them and use them at the right time. Additionally, use the first in and first out method to organize the stock so that dead stock or over stocking can be avoided
Use the ABC formulae
The ABC method is a very effective and popular technique for inventory categorization in a warehouse.
A-items are those that are of high importance, costly and are the largest revenue generators. These items require tighter control and monitoring. These items must be stored in secure places under technical surveillance.
B-items are moderately important items, stored in medium volume and their frequency of usage is also moderate.
C-items are low value items, used and stored in bulk. If items are categorized and stored as per their level of priority, then the cost of managing warehouse inventory can be regulated and controlled.
Automated Billing Systems
Another area that required 100% accuracy is the invoice generation process. Thus, to reduce human interference, companies must adapt the automated processes which generates invoices faster and accurately.
Centralise Communication – Kill Chinese Whisper
Effective communication is the first pillar of warehouse management, thus if all the parties involved in the inbound and outbound process communicate efficiently, then work will run smoothly and quickly.
Thanks to the mobile based CMMS application that helps in streamlining the communication process and enabling every person to capture real time information and publish it through the app so that other teams are updated about the same. With the help of the real-time information, required actions can be planned and together the entire warehouse team can work towards the completion of an order.
The Final Word:
Managing a warehouse can be tiring. Thus, to make this mammoth task easy, take the help of technology and automate processes, so that work continues smoothly and continuously.
Follow Techdee for more!