Warehouse management is the most important part of logistics activities. Your success in fulfilling customer orders depends on managing inventory in your warehouse. If you leave your warehouse in disarray, then you have to face various consequences such as damaged or lost inventory, late product delivery, and more. All of that can be easily avoided if you have good warehouse management. Here we summarize seven warehouse management tips to help optimize the management of your inventory. Meanwhile, check out self storage hk if you need a good storage service near your area.
1. Arrange the space & layout of your warehouse
The most basic way to do is to arrange the space and layout of the warehouse. Plan to use each area in your warehouse. Make sure your warehouse area facilitates the process of getting out and entering goods. Mark each shelf so that your staff is not confused when placing and taking items. Also, make sure that your warehouse area is enough for a cargo carrying machine to pass.
2. Place the item according to the level of demand
Store items that have the most demand or sell quickly in areas that are easily accessible by your staff, for example near the packing or shipping area. This method will greatly save a lot of labor time, so there will be more tasks that can be completed.
To be able to identify items that are quickly sold and those that don’t, consider using an automated inventory solution. Through this tool, you can also analyze trends and customer requests so you can make better business decisions.
3. Perform cycle calculations regularly
In addition to physical count, which is usually held one or two times a year, a cycle count also needs to be done. This is not as difficult as physical calculations that require you to stop all activities in the warehouse. You only need to calculate a small portion of goods in a certain location in your warehouse, so that warehouse operations can continue to run as usual. It is recommended to do this at least every three months to reduce the risk of inventory depreciation.