3 Tips for Warehouse Inventory Management

Warehouses have a key role to play in the supply chain. A well organized and managed warehouse helps keep the business running efficiently and effectively. Given the importance of warehouses in the business, it is often said that the management of warehouses make or break a business. An effective warehouse organization involves proper labelling and racking, use of advanced technology and software systems along with defined areas for drop and pick up of supply products.

Using new technology and solutions lead the path for new possibilities that will need some direction for effective implementation. A number of warehouses in Bangalore have seen positive results of incorporating the latest technology in their system.This is a step that most warehouse owners tend to overlook but they can benefit highly in a number of ways by following certain procedures. Some of the most basic and common benefits of inventory management are the ability to maximise your storage space effectively, a proper monitoring of stock with the help of technology, saves up on a lot of time and assistance in reducing your expenses by cutting the overheads. By incorporating certain simple steps, you can make a massive difference in your business growth. Listed below are a few tricks that you can incorporate in your warehouse workflow.

1.      Optimize warehouse design: The layout of your warehouse can have a major impact on how you manage the warehouse inventory. Designing the layout of your warehouse based on your products and work process and defining and allocating the apt space for essential undertakings is one of the fundamentals of optimizing your warehouse management. You can start by segregating space for storage, pick up and movement of stock. The next step would be to follow the next steps in your workflow such as the space requirement for the supply, the inputs and outputs to create an efficient and convenient work flow. This will help you create a procedure from the reception of the stock, its picking and assembling to the final stage of fulfilment in an efficient and the shortest time span.

2.      Safety measures: Warehouses can be a dangerous place to be working in. they involve a lot of risks and are always susceptible to hazards of all magnitudes. Some of the common incidents include stock falling, workers tripping or falling and injuries from vehicles and machinery. Any such event is not only a huge personal loss but also tarnishes your reputation as a reliable workplace. These events could also lead to legal actions taken against you or your warehouse leading to financial losses. You need to carry out a thorough assessment of the risks involved and invest in the required safety measures. Another great way to ensure safety is to conduct employee safety training and providing PPE to raise awareness among the workers. Indospace, a leading developer of logistics space in India ensures that all safety measures are involved and the risks are brought to a minimum in all its warehouses.

3.      Labelling: All the products in the warehouse should have a label on them. The shipments received should be labelled before they are stocked in the warehouse. A label helps in identifying the product, moving, picking and shipping it easier for workers as they become aware of the precautions that need to be taken. It helps reduce the margin of errors by a large extent.