Welcome back to this informative series of blog posts where I’m discussing 10 steps to making your business much healthier. This time we’ll talk about Warehouse Management.
Warehouse management is pretty self-explanatory, actually. It involves setting up, organizing, and maintaining everything inside at least one warehouse. As companies grow, they tend to add more locations to store their inventory, which adds to the complexity of warehouse management.
How It Helps Your Business
By mastering warehouse management, you can make sure many of your aspects of your business are running smoothly. For example, your salespeople will have enough products on hand to fill their orders, you won’t have giant overstocks requiring extra storage space or leading to spoilage, and you’ll be able to avoid tying up your precious capital in unnecessary amounts of inventory.
A lot of your business’ health depends on what goes on in the warehouse.
How to Manage a Warehouse
I wrote a blog post about this very subject earlier this year, entitled “How Do I Manage a Warehouse?” I’ll cover a lot of the same ground I did in that post here because it’s still just as true today. Here goes nothing:
- Set auto reorder points on everything in your warehouse to keep a good balance
- Use wireless devices to scan barcodes and speed up picking, receiving, and other jobs
- Put the most popular products close to the receiving dock and group similar products together
- Use a row, shelf, and bin tracking system to keep tabs on your products’ exact locations
Your business can enjoy a lot of benefits from managing your warehouse(s) effectively. To ensure that you are getting the most out of your facilities and products, use warehouse management software to increase efficiency, keep your shelves stocked, and fulfill customers’ orders in a timely manner.
In this series, we’ve covered the importance of:
Come back next week, and we’ll continue with Inventory Tracking. See you then!
Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks, and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.