With the increasing pressure to deliver faster order fulfillment, it’s more important than ever for companies to streamline, improve, and reassess their existing warehouse operations and practices. Thanks to recent advancements in picking technology, companies are beginning to see improvements in their warehouses; however, one area that continues to be overlooked is replenishment. Here’s what you need to know about the importance of stock replenishment, plus we provide some helpful warehouse replenishment best practices to help you streamline your inventory management in your warehouse.
The warehouse is the core of inventory management where all goods are received, sent to production, and shipped out and delivered to customers. All these aspects must be streamlined and in perfect synchronization to ensure that your customers get their orders on time. As straight forward as it may seem, inventory management is not an easy task, especially when it comes to inventory management for multiple warehouse. The key to successfully managing multiple warehouses is to get a good understanding of the challenges they present and develop strategies for how to overcome them. Here are some tips for how to manage multiple warehouses and inventory.
Adding extra warehouses to your business provides many benefits such as reducing shipping costs, increasing storage capacity, and having warehouses for specific purposes to simplify warehouse management. However, the more warehouses you have, the more challenges you may have to deal with. Here are some of the most common challenges with managing multiple warehouses and how you can manage multiple warehouses effectively to overcome these challenges.
The warehousing and fulfillment industry has never been more popular. Thanks to the exponential growth of e-commerce sales, there is more interest and opportunity in fulfillment services than ever before. But the growth of e-commerce fulfillment is more than an increasing interest—the industry has been taken to new heights because of a new method of doing business known as on-demand warehousing and fulfillment. Over the last few years, on-demand warehousing has been one of the major goals of online retailers to achieve success and get ahead of their competitors. What is on-demand warehousing and fulfillment? Keep reading to find out.
The terms “inventory management” and “warehouse management” are sometimes mistakenly used interchangeably as they both deal with operations and products within companies of the manufacturing and distribution industry. Despite their few similarities, there are many notable differences between warehouse and inventory management systems.
Warehouse managers and business owners should be aware and understand the differences between the two terms because the type of management system used to track the inventory depends on certain factors that can boost or hold back your company’s profitability and efficiency. Keep on reading to learn what each term means and what features make them different from each other.
While the difference between a warehouse and distribution center may not be apparent to some; they have very different meanings and duties in the logistics industry. To be able to distinguish warehouses and distribution centers, you must first understand what a distribution center and a warehouse is. Once you know the specific roles each play in the supply chain, you’ll be able to make an informed decision on which would be best suited for your business. So, what is a distribution center compared to a warehouse? Keep on reading to find out.
Almost every package purchased by a business or customer is packaged. The role of packaging in warehousing is primarily to protect the item that is being handled by the warehouse or shipped to the customer; packaging can also be very elaborate and can entice customers to make a purchase. Whatever types of packaging your supply chain uses, it should be strong enough to limit any damage to the item that is being moved in the warehouse, and should be able to protect the product as it is transported to the customer. Here are some additional points that explain the importance of packaging in warehousing.
To understand the disadvantages of cross docking, it is important to firstly understand the purpose of the procedure. Cross docking takes products directly from a supplier or manufacturing plant to a customer or retail chain with little to no handling or storage time. Cross docking involves receiving products through an inbound dock, sorting and screening their end destinations, and then moving the products across the dock to the outbound transportation dock in a distribution terminal. Although cross docking saves warehouse real estate, reduces labor costs, and gets products to the customers faster, there are several disadvantages that wise retailers should be aware of.
Climate control in warehouse storage is, at its essence, all about reducing unpredictability. A warehouse is a large, open environment filled with large shelves and racks with people and goods constantly moving in and out. This naturally results in areas where temperature fluctuations will occur, such as cool spots near loading bays or hot spots where shelves can obstruct air flow. Climate control in a warehouse helps prevent these environmental discrepancies and produce consistent, controlled conditions throughout all operations.
It’s impossible to overstate the importance of inventory management for e-commerce businesses. Between keeping warehouses appropriately stocked, order shipping, and managing returns, there’s a lot to consider and a lot of moving parts that need to be synchronized to ensure all goes well.
Smaller and mid-sized manufacturers need to consider solutions that reduce the need for managing inventory. Two solutions that are immediately applicable for these businesses include cross docking and drop shipping. It’s up to each business to decide which works best for them.