It’s also wise to invest in systems with business intelligence (BI) capabilities. A WMS can integrate systems and workflows, strategically organize execution systems, increase inventory visibility, mitigate the risk of demand volatility and more to ensure peak inventory management warehouse performance. A WMS is software designed to support and optimize warehouse functionality. By identifying and eliminating poor performing products, you can drastically reduce inventory levels and better enable employee efficiency during order fulfillment.Ī warehouse management system (WMS) is a good place to start. Place high volume, fast moving SKUs close to shipping areas in easy-to-reach locations so employees can retrieve them quickly. You might also consider creating zones based on pick type to simplify order picking and reslotting. Strategically sort your SKUs and use slotting to group items together based on size, velocity, seasonality and other characteristics to reduce the amount of time employees spend searching for specific items. This principle applies not only to your warehouse’s general layout but to your SKUs, as well. To ensure efficient operations and inventory management in your warehouse, organize products so that they’re easily accessible to inventory management personnel. Reorganize your stock keeping units (SKUs). Do I want to incorporate any specific inventory logistics strategies into my layout (e.g.How long has it been since I last updated my layout? Have we experienced a significant increase in sales volume in that time?. Do my employees have enough room to do their jobs properly?.Does my current layout utilize space efficiently?.When revising your warehouse design, ask yourself the following: It’s especially important to reevaluate your warehouse layout to accommodate increases in company sales, which contribute to increased space requirements. A cramped, congested layout makes it difficult for inventory management personnel to access stock and leaves insufficient room for important processes such as receiving, which increases the risk of human error. The layout of your warehouse should facilitate logical inventory flow, from receiving and inspection through to picking and packing, to ensure that operations move quickly and smoothly. Proper warehouse inventory management can be challenging but, if you follow this useful advice, you can increase efficiency and reduce costs. The result is a heightened ability to deliver to your customer via their preferred sales channel, with a cost-to-serve that serves your bottom line. Inventory management in warehouses requires more than just organizing products (though that certainly helps): It requires the right alignment of network strategy, facility and process engineering, and technology systems that create inventory visibility and accuracy. Omni-channel logistical success is predicated on a number of factors, one of the most important being warehouse inventory management.
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