How to Effective Manage your Warehouse Inventory
Usually, the warehouse is the central component of getting products into the hands of customers and keeping them satisfied. Thoughtful organization is important to ensure products are delivered on time and create an efficient staffing system that helps reduce labor costs. If you need space for storing packaging boxes, visit belley.net/services/warehouse-ready-to-go/.
Inventory management involves both physical and digital components. As a business owner, you need to establish a system that is physically efficient paired with digital technology which streamlines operations and boosts your sales. Here are some tips that can help you organize your inventory storage:
Evaluate the Demand for Goods
You need to asses which items in the inventory are most often sold. Ensure these items are easily accessible. Looking at your inventory from the standpoint of sales volume lets you segment your warehouse from front to back. As a result, you will be able to organize items based on volume and frequency. When popular items are kept closest to the delivery area, your business will be able to save energy and time to get the goods and send them to your customers.
Use Cycle Counts
There is no need to wait for the annual physical inventory count to come to carry out regular inventory control audits. Carry out cycle counts and analyze the discrepancies to ensure proper timing when you need to go through all locations. Cycle counting is a kind of inventory counting that occurs in waves over time. During every wave, only small subsets of inventory are counted. Having cycle counts go through every location each quarter provides you with a more accurate back-office system.
Products on the warehouse must be labeled to make it easier for pickers to select the right inventory. This will minimize errors. Taking simple preventative measures will help you avoid future troubles. For instance, consider having your label system and buy thermal printing labels to print them on or utilizing labeling software. Most software will let you determine what gets put on the labels so you can customize them to suit your specific needs.
Implement Quality Control
It is imperative to double check orders to prevent mistakes. Quality control adds a layer of responsibility. Often, the process involves checking a picked item against an order to ensure it is the correct SKU and quantity. Quality control checks the item for damage to ensure it is being shipped in top conditions and reaches the end users in the same conditions.