Inventory management keeps track of almost everything that happens in your warehouse storage. It can be difficult for your staff to accomplish their tasks if you don't have a system to keep track of your assets. Inventory categorization and suitable storage procedures help you make the most of your current space and free up previously wasted space, allowing you to expand capacity and enhance efficiencies.
It can be terrifying to think about changing your warehouse layout. But, you don't have to start from scratch when organizing your home. Simply put, you can improve the efficiency of some of your current processes with some organizing ideas to help you and your team execute day-to-day work faster.
Stay Organized With Labels And Signage
This is a simple tip that you can put into action right away. Inventory and labor zones should be labeled throughout your warehouse storage to ensure long-term organization and facility flow. Labels will ensure that staff knows where to find products and where they belong once you've designed your warehouse layout. This is especially useful for new employees or facilities that frequently use temp labor.
Don't limit yourself to your inventory and work areas. To protect staff safety, consider noticing any risks or ceiling restrictions. To avoid errors or misplace expensive inventory, replace labels and signage as needed.
Review Storage Capacity
Now that everything has a place and is properly labeled, it's time to assess your storage capacity or the maximum quantity that item can hold. First, multiply height x width x depth to get the storage capacity in cubic feet.
How are the organizing racks spaced out in your warehouse if you've chosen classic organizing rack and shelving? Is there enough area at the top of your products for them to be evenly spaced? If this is the case, you're paying to store air! Learn more about how automated storage systems can help you increase your storage capacity.
Begin by classifying your inventory to guarantee that even your slowest-moving items are correctly organized. You should use data to support the profiling of your stock-keeping units or SKUs. Take stock of what you have in your warehouse (size, shape, and amount), as well as how often it moves or is picked. This will help you categorize your inventory into four different categories: rapid (A), medium (B), slow (C), and prolonged (D) movers. After you've charted this (see below), compare your reported SKU velocity to the time it takes to pick those products to determine how much picking your inventory costs.
Implement Cycle Counting
No one enjoys having a large physical inventory at the end of the year. Using cycle counting, keep track of your stock regularly. Whether you cycle count weekly, monthly or quarterly, keeping track of your inventory throughout the year will help you save the expense of a year-end inventory count. This assists you in maintaining proper inventory levels and continuously supports your organization's procedures.
Adopt A Warehouse Management System
Many warehouse organizing options are supported by warehouse management systems (WMS). You can appropriately classify and slot goods, decide proper storage techniques, track inventory movement, and more using data from your WMS. The sooner you adopt a WMS, the greater access you'll have to this information in the future and the past, which will improve your warehouse's functionality.
Maintaining an ordered warehouse necessitates real-time inventory tracking, provided by a warehouse management system (WMS). A WMS can give insight into inventory levels, locations, SKU movement, and operator information to help you achieve your business goals.
So there you have it! Our top tips for organizing your warehouse. By following these simple steps, you can increase efficiency and save time and money. And if you're looking for reliable software to help manage your warehouse operations, get in touch with us today. We'd be happy to discuss our 3PL solutions with you. Thanks for reading!