As a small business owner, you know that efficient warehousing is essential to sustaining business growth. In addition to storing products and materials, a warehouse can also be used as a shipping and receiving center, a packing and assembly area, and even a workspace for office staff. However, operating a warehouse can be expensive, and it requires careful planning and management.
When looking for third-party warehousing solutions, your options will come in one of two types: contract or public warehousing. On the surface, the two can appear interchangeable and it can be hard to tell what public warehousing is when compared to contract options. Each is run by a third-party operation that offers storage space, better shipping rates, seasonable scalability, value added services, and so on. But there are several public warehousing disadvantages you ought to be aware of.
But before we get to the pros and cons of a public warehouse, let’s highlight the differences between public and contract warehousing.
The main differences arise when looking at where each warehouse type places the most focus and how this shapes its relationship with clients. Public warehouses are ostensibly meant for short-term rentals even though they can and are used by companies as a long-term logistics and fulfillment solution. Contract warehouses are designed for long-term use of both space and services. It is from this core difference that the main disadvantages of public warehousing become apparent.
All that said, let’s take a look at some of the public warehousing disadvantages.
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.
There are many reasons why growing companies switch from managing their warehousing in-house to hiring a third-party fulfillment company. There are many hidden costs and challenges when you manage your fulfillment and warehousing in-house, especially if you are a startup company. Although using a fulfillment partner may seem more expensive up front, you will ultimately save more money in the long run as your business grows. Here are some of the hidden costs of in-house warehousing, so that you can weigh your options and save on costs with a fulfillment partner.
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.
Today’s business climate is competitive, which is why it is so important for business owners to make their warehouse planning and implementation as efficient as possible to drive growth and profits. This goes beyond research and development to include manufacturing, marketing, distribution, accounting, human resources, and warehouse or distribution management. The following warehouse planning tips can help you become more efficient, so that you can increase your success as your business grows.
If you run an organization that sells food, cosmetics, supplements, drugs, or other medical products, CGMP standards and regulations matter. Especially in cases where you use outsourced providers to store and distribute your products, you will need to ensure these standards are met all across your supply chain. But what does CGMP stand for? Why do organizations need to meet these standards? If you need warehousing and fulfillment solutions in Miami, Florida, how can you be sure they are properly certified for CGMP? Here’s what you need to know about CGMP warehousing and the answers to questions like these. The following information will help you choose the right third-party logistics partner to provide you with safe solutions for your consumers.
To stay competitive in today’s tough market, the location of your warehouse is vital. This factor could mean the difference between the success or failure of your company. Wondering what to consider when choosing the location of your warehouse fulfillment in Miami, Florida? Here’s what you need to know.
Warehousing Location: Why Is It So Important?
According to Generally Accepted Accounting Principles (GAAP) and IRS rules, it’s expected that businesses that store items in a warehouse conduct an inventory count periodically. There are two main options used by companies today: the physical inventory process and cycle counting. There are benefits of inventory cycle counting and physical inventory counts, but one of these methods may be the better option for you. Here’s what you need to know about cycle count vs. physical inventory and how to decide which is best for you.
What Is a Cycle Counting Process?
A warehouse cycle counting process is an inventory auditing procedure that is a part of an inventory management solution. In this procedure, a small subset of inventory in a specific location is counted on a specific day. The cycle counting method is a popular solution for inventory management that enables businesses to count multiple items within the
Warehouse order picking methods are an important aspect within any warehouse. Compared to shipping, storage, and receiving stages, order picking forms as much as 55% of operation costs in a distribution center. It also has a direct impact on how satisfied your customers are. If your picking methods in the warehouse are quick and accurate, your business will succeed. Here’s what you need to know about order picking and how to implement the key warehouse picking best practices.
What Is Order Picking?
Order picking is the process of selecting items from a warehouse inventory, to satisfy several independent customer orders. This is an important part of the supply chain process and has been considered the most labor-intensive and expensive activity for every warehouse. As mentioned, the cost of order picking is estimated to be as much is 55% of all warehouse