Warehouse storage management is an important aspect of logistics. To optimize savings, the warehouse should be managed efficiently and productively. When dealt properly it contributes to the growth of a business.
Most businesses make blunders and incur huge losses due to warehouse mismanagement.
As per reports, 34% of companies ship late because they sell products that are not actually in stock.
Human error is the biggest problem in 46 % of warehouses when it comes to goods management.
Therefore, warehouse storage management is an absolute necessity for any business to function properly.
Here are ten important steps on how to manage the storage of warehouse logistics.
Read more to find out.
The Warehouse Design and Layout
For optimal utilization of space, the warehouse should be designed in a way that fits your storage requirements and also has additional features. Plan the design, structure, and layout of your warehouse carefully. Seek expert help to get the best results.
Certain factors that should be considered while designing the layout of your warehouse are:-
- Will there be enough space to move goods around?
- Are there racks and shelves to fit products of different sizes and shapes?
- Will there be separate space to receive new stock?
- Does it have ventilation ducts?
Color Codes and Labels
Make divisions using color codes and labels for easy retrieval of products. Follow a color scheme for various products so that it becomes easier for workers to find the exact location.
Allocate a particular color for products of the same type and keep those close for an organized appeal.
Label products clearly for identification and movement. The label should contain necessary details such as stock unit number and description.
Vertical Use of Space
To maximize the available space, store products in vertical height than horizontally. This helps in getting the most out of the designated area.
Place the racks accordingly to double the number of products that can be stored. Do not forget to place the high selling products within a reachable height. So that the employees won’t require extra equipment.
Place Products based on Popularity
The correct placement of products is highly imperative.
Products that are popular and are frequently sold or moved should be placed in the easiest accessible manner. This saves time and effort.
Save the loading and unloading time by placing fast selling products close to the shipping area.
Products that are seasonal or of less demand can be placed at corners.
Allocate Separate Space for Receiving New Stock
A warehouse that doesn’t have separate space for receiving new stock could be a complete disaster. In the absence of a receiving space, the normal workflow will be disturbed.
Since all other activities will be put to a halt to allocate room for unloading and storing new stock. The receiving unit should be away from the existing inventory.
Provide Adequate Training to Staff
In the absence of well-trained staff or employees, even the most space-optimized warehouse could function improperly. Therefore, it is imperative to provide quality training to the staff on warehouse management and handling equipment. They should be given instructions on how to properly execute the flow without any discrepancies.
Give adequate training on safety, health, and hygiene practices. Conduct training sessions as per the need. Recruit new staff carefully and conduct performance assessments periodically.
Keep Clutter Away
Warehouse management becomes efficient when the space is free of clutter. Place all items in an organized manner.
Unorganized or overcrowded space is an indication of a lack of efficacy, mismanagement, and revenue loss. Regularly remove unnecessary items such as packaging remains, wrapping waste.
Place dustbins wherever necessary, empty those frequently, and keep the area clean. Don’t keep adding things that serve no purpose.
Rearrange Order Based on Seasonal Changes
Not all products are sold throughout the year, therefore it is highly important to rearrange the order of placement as per seasonal changes.
Move seasonal products to an accessible location and keep them back at the designated position once the requirement is over.
Use Technological Tools
Utilize IT tools to effectively manage, monitor products, and error control. Utilize software that helps keep records of inventory to store necessary details about the location, available stock, and movement of goods within the warehouse. Such inventory management software applications are beneficial for updating stock data, reducing errors, and handling redundant data.
Irrespective of the size and scale of your business, invest in software that helps make your work easier.
Keeping it Clean
The foremost requirement is to keep your warehouse clean and dry. The warehouse should be cleaned at the beginning and end of each day.
A clean house makes functionality much easier. Assign dedicated staff to keep the warehouse clean. Use quality products and disinfectants to get desirable results.
Warehouse storage and management can be expertly done by following the above-mentioned steps.
To get optimal results, businesses must invest time and effort in the organization and management of inventory or stock. Unorganized warehouse logistics could also lead to huge monetary loss.