Proper warehouse management has always been critical to a company’s bottom line. Unfortunately, some companies are more aware of what it means to properly manage the inventory on their shelves than others. Ultimately, it means mitigating the costs associated with inventory management, costs that are defined by high financing, inventory damage, inventory obsolescence, pilferage, insurance, electricity, and in some cases, climate control. Better yet, it includes protecting the safety of warehouse employees. After all, there’s nothing worse than downtime due to injuries. For some companies, the warehouse of the future is already here. For others, it’s merely an aspiration of sorts.
Warehouse Management Best Practices
Most companies focus on those aforementioned warehouse management costs associated with holding product on the shelves. However, there are costs that include not having product. These costs include losing clients, losing revenue and losing margins from not making sales. The warehouse of the future isn’t imaginary. It is simply based on some essential inventory best practices, ones that ensure that the company has the inventory it needs when it needs it, and that the inventory is protected from damage at all times. That is ultimately the key to protecting your bottom line; inventory has to properly shelved and secured.
Safe and Secure Storage
Companies like Arpac Storage Systems Corp focus on simple racking and shelving solutions that make it easier to manage inventory, easier to access inventory and easier to protect inventory. Pallet racking and shelving must be able to withstand the rigors of warehouse management. For instance, it should protect valuable raw materials and fragile finished goods from common storage and handling damages.
Protecting Warehouse Employees
Warehouse employees and operators should be able to have ample room to maneuver without the risk of damaging themselves, their equipment or the company’s inventory. That could include using narrow-aisle reach trucks for tight spaces, or ensuring that drive-in racking systems afford plenty of space for tow trucks, forklifts, walkie stackers and rider pallet jacks. Of course, it helps if warehouse operators can save time by using RFID scanners and mobile handheld computers and devices that immediately locate inventory and shelving locations. After all, another cost of warehouse management includes overtime, a cost that occurs when employees waste valuable time moving inventory from one side of the warehouse to the other.
Make sure you have the follow-through capabilities to see your warehouse upgraded for the future so that your company is better able to manage the day-to-day costs associated with inventory management. Without the proper racking or warehouse controls in place, your employees will have no choice but to constantly move valuable materials and products in and around the warehouse. The more often that inventory is moved, the more likely it is to get damaged. In the end, it’s not merely a question of having the tools, but more about properly using those tools.