Inventory optimization is a
significant competitive lever for a company, reducing costs while protecting
itself against a possible disruption. Discover the right tools and methods to
achieve controlled management of your storage warehouse.
The rise of e-commerce, the speed of
means of transport, and communication flows are forcing companies to adapt:
more agile, more responsive, and demanding, they must face growing competition
to meet the needs of their customers as soon as possible. The challenge, therefore,
lies in choosing the best suppliers, combining quality and speed of service.
This is why warehouse management now occupies a prime place in the supply
chain. Beyond its layout, the methods adopted for Business storage in Bangalore,
inventory management, and picking are now at the heart of the supply chain
manager's challenges. A significant improvement in the warehouse directly
enables it to win more customers and increase its market share.
How to efficiently set up your
storage warehouse?
Often, one forgets that a warehouse
is a place of storage and a place of passage. It must not only allow goods to
be stored in the best possible way, but it must also allow employees to operate
in this space efficiently. Finally, it must lend itself to inventory operations.
It's all about flow: your main goal
should be to optimize the flow of the warehouse internally so that it generates
real added value in your production process.
Here are some major organizational
principles that should be applied:
• Never lose sight of the fact that
it is a question of optimizing all the flow of goods and people within the
warehouse.
• Pay special attention to the
company's loading and unloading docks to apply cross-docking. This involves
moving goods from the arrival docks to the departure docks without going
through stock.
• Organize your products taking into
account their specificities. For example, food products should not be located
near toxic effects, etc.
• Allow self-propelled forklifts and
other equipment necessary for picking to circulate without any difficulty in
all the critical areas.
What are the rules to follow to
achieve optimal storage?
The ABC method is the most widespread
and manages your stocks by assigning a letter to each product according to its
importance. The letter A is reserved for products that contribute the most to
your turnover. The letter B corresponds to the second category of less
essential products. Finally, the letter C is applied to products that
contribute only marginally to the achievement of your turnover. Therefore,
products labelled "A" must not be out of stock. Otherwise, your
performance will be severely penalized. They are also those who benefit from a
safety stock to prevent breaks. They have a service rate higher than other
products. By limiting the amount of inventory for lower priority products, you
help reduce your costs.
The optimization of storage space is
another lever of competitiveness. The space left between each item is
essential. To store your archives, it is not necessary to leave any. However,
the extraction of goods from the warehouse requires them to be grabbed manually
or using a suitable tool (automated robot, etc.) For handling a machine, leave
a lateral play of 75 mm and a height clearance of 100 mm. Otherwise, you will
waste precious time removing each item from the warehouse, which decreases the
productivity of your employees and machinery.
Should we adopt a FIFO or LIFO
system? This is a common question among supply chain managers. In the FIFO
system, one side of the rack is used to load the merchandise, and the other is
used to pick it up. In the LIFO system, the final product entered is the first
taken out of stock.The optimization of your warehouse is an
essential boon to increasing the productivity of your supply chain.
International competition reduces companies' room for manoeuvre and forces them
to react. Fortunately, applying a few simple methods and tools immediately
improves their performance. If one needs solution for storage space then they
can look for Business storage in Bangalore.