More About Warehousing (1)

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More About Warehousing
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Synopsis

• ???Five Tips to Improve the efficiency of Your
  Warehouse
• ??? Top Tips to Find the Best Warehousing Company

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Five Tips to Improve the efficiency of Your
Warehouse

• Update Your Standardized Processes
• As the supply chain industry continues to grow,
  you have to reassess the processes that you have
  been using in your warehouse. It is highly
  advisable to keep adjusting the processes to free
  yourself from the risk of obsolete information
  and standards. Standard processes are very
  important and they ensure there is maximum
  security and safety in the warehouse. Moreover,
  such processes improve the efficiency of the
  operation. You should also ensure that the
  training and onboarding of new members is
  simplified.
• Eliminate Excessive Inventory
• Excess inventory is one of the major drains on
  the profitability of warehousing processes. Due
  to this common problem, wholesalers end up
  purchasing huge amounts of a single product for
  significant discounts. This practice is a huge
  mistake because the excess inventory ties up
  money. This eventually leads to a huge drain in
  profitability. However this is a controllable
  issue. There are several ways in which you can
  reduce excessive inventory. One of them is to
  order large purchases to be delivered in small
  batches. This is among the most effective ways to
  help you improve warehouse productivity.

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Five Tips to Improve the efficiency of Your
Warehouse

• Account for the Warehouse Labour Cost
• Labour is the highest cost of operating a
  warehouse. In fact, it accounts for up to 50 of
  the total operating costs. Accounting for labour
  cost manually is highly discouraged because this
  method is very inefficient and may produce
  inaccurate information. However a labour
  management system will definitely come in handy
  in this situation. It enhances efficient tracking
  of labour costs and simplifies work. This
  management system collects and uses the workforce
  data from the warehouse operations without any
  limitations.
• Ensure adequate technology is received by
  warehouse workers
• Willingness is important at this juncture. It has
  been discovered that most people are quite
  uncomfortable with supply chain technology. Most
  people may not have the capacity to navigate the
  technical world and this becomes a major problem.
  However, there are technology providers who offer
  high skilled training for those it may concern.
• Reduce Obsolete Inventory
• As long as inventory does not move, revenue does
  not increase and stock cannot be put up. This
  results in a major drain on productivity. In
  order to prevent this, it is encouraged that a
  report can be run to aid in reducing inventory.

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Top Tips to Find the Best Warehousing Company

• Research
• Your research should be multi-layered. Dont rely
  on one platform only. Look through the different
  warehousing association portals and ask around
  for referrals and recommendations. Customer
  review portals are also very helpful in giving
  you honest opinions on the services that
  different companies have to offer.
• Be sure of what is covered
• In business, you always have to plan for the
  worst case scenario. You must be sure that your
  inventory will be safe and that your business can
  bounce back from any unexpected incidents. When
  looking for a warehousing company, be sure to ask
  what accidents and occurrences the insurance
  covers. More importantly, you should also be
  fully aware of what you are responsible for.
  Knowing where to draw the line on where your
  responsibility starts and ends is crucial for
  your business, so you should be sure that
  everyone is doing their job.

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Top Tips to Find the Best Warehousing Company

• Look at the lease terms
• Before you put pen to paper, make sure you
  understand the details. It is important you go
  for an option that is flexible, not one trying to
  lock you down for the long-term with unrealistic
  needs. What you need is a warehouse that will
  grow with your business and conform to the
  changes that your business undergoes. It is vital
  to make sure that your choice offers you the
  specific service you are looking for.
• Understand what services the rates cover
• It seems obvious that you will know how much you
  will be required to pay. But, exactly what
  services are covered by the rates? The more
  services the better. Other factors that you
  should consider when looking at the rates include
  the size and support offered by the company,
  hours of operation as well as the handling
  equipment and available security. You need to be
  sure of what your money is getting you.
• Research the location
• There are numerous reasons why location is such
  an important aspect of finding the perfect
  warehousing company. Some of the factors you need
  to consider is the distance from your primary
  center of operation, ease of access to the
  facility, as well as whether there is adequate
  parking space.

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The End

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  onto/