As I promised in last week’s blog post, I’m going to start answering complex questions related to inventory management. The first is: How do I manage a warehouse?
This is a big question with several parts that need to be addressed in order to answer it properly:
This is a big question with several parts that need to be addressed in order to answer it properly:
Order Management
Set automatic reorder points on your parts, products, and all other materials in your warehouse, with their lead times in mind. That way, you’ll constantly get new items coming in to replace outgoing ones and keep your inventory levels in equilibrium. Keep track of your vendors’ performance. Make sure they’re giving you competitive prices and consistently getting the right items to you at the right times. Use wireless barcode scanners to quickly receive items into your warehouse and keep your inventory records accurate and up to date.Warehouse Setup
Group products that are often purchased together next to each other, like suntan lotion and beach towels. Put the most popular items closest to the receiving entrance so they’re the quickest to move into and out of your warehouse. Track inventory by row, shelf, and bin so you always know where to find items when it comes time to pick them.
Want to see how Fishbowl can improve your business?
Book a Demo