4 Ideas to Manage Warehouse Inventory More Effectively

Two men discussing inventory inside a shipping warehouse.
Facebook
Twitter
LinkedIn
Print
Email

Demand for quicker delivery has put added pressure on warehouse inventory managers who are tasked with optimizing the fulfillment process so items get picked, packed, and out the door on schedule. As a result, they’re always looking for new ways to optimize operations and improve workflow within the warehouse. This article presents four ideas that can help these managers achieve their goals.

Before you decide to overhaul any part of your process or facility, make sure to get input from the people who work on the front lines of your operation – the pickers, stockers, loaders, unloaders, and drivers. They’re the ones who know your processes best (for better and worse), and the ones who are likely to be most affected by changes on a day-to-day basis. Foster an open conversation and ask them where their biggest issues arise, which tasks take the most time, and what kinds of ideas they have for improving. Ask if there are any tools or equipment that could make their jobs easier. You’ll likely learn something new or useful, and even if you don’t, the conversation itself gives your staff a chance to feel heard and may encourage more regular and productive dialog.

Storage space is limited inside most warehouses, which is why it’s important to maximize the vertical space you have available. If you’ve been tasked with increasing storage capacity inside an existing facility, consider building up. Products that are shipped less frequently can live near the top, while products that move fast can be kept lower where they’re easier and quicker to access.

Fulfillment trends can change regularly. Products that were your fastest movers six months ago might be sitting longer on your shelves today. It can be helpful to take yearly, semiannual, or even quarterly looks at product demand, which allows you to optimize product placement and revise your facility layout accordingly.

Loss of inventory due to damage or theft can have a huge impact on your bottom line, which is why taking steps to minimize this loss is crucial. It’s important to keep records of all your damaged goods, noting when and how they were damaged if possible. This makes asking for refunds or credits from suppliers and manufacturers to cover your losses easier. Most companies are happy to reimburse you for damaged goods in order to maintain a profitable working relationship.

If theft (internal or external) is an issue, consider investing in additional security equipment like cameras or access badges and tags. You many also look at installing checkpoints throughout your process to track product movement. This not only helps you determine where products are getting lost, but may also help you identify areas where processing mistakes are consistently made, or where products slow down for longer than they should.

 

For more articles like this, subscribe to our newsletter!

Was this article helpful?

Michael Eichenberg is the co-founder and CEO of FreightSnap, allowing the supply chain, logistics, manufacturing, distribution and transportation industries to measure, weigh, photograph and ID pallets and parcels in just seconds. Learn more and share your ideas on Facebook and LinkedIn.

Subscribe to our Blog

Stay up to date with our latest news, receive exclusive deals, and more.

2023 Newsletter Subscription Contact Form

Subscribe to Our Blog

Stay up to date with our latest news, receive exclusive deals, and more.

In the rapid world of logistics and freight management, identifying leaders in innovation is crucial. Enter FreightSnap, your solution to warehouse automation and optimization. The FreightSnap Image Station, a groundbreaking development in automated freight documentation, is redefining the game for shippers and carriers. Join us on an exciting journey as...

Part of protecting your investment is documenting the condition of your freight before it’s shipped....

Measuring, weighing and photographing palletized freight by hand can be a time-consuming process that leaves room for measurement and transposition errors. The current generation of static pallet dimensioners have automated this process, allowing companies to capture this information and share it with their resource management systems in a fraction of...

Challenges in Modern Shipping Shippers today are faced with all sorts of logistics challenges. Lost shipments, damaged freight, reweigh charges and size reclassifications to name a few. “Most of our Shipper customers have experienced all sorts of issues, which is why we decided to craft a great documentation solution to...

A FreightSnap Solution Case Study Introduction FreightSnap, a renowned provider of dimensioning solutions, collaborated with Daifuku Logistics Solutions to tackle a critical challenge faced by FedEx at Charles De Gaulle Airport in France. The objective was clear: deliver a tray-based non-conveyable freight handling solution that seamlessly measures irregular products at...

Sr Partner Partner’s Primary Contact 1 Flexaust Leigh Elliot | eigh.elliott@flexaust.comJames Hall 2 Freightsnap Michael Eichenberg | michael@freightsnap.com 3 Motus Logistics Jaron Klopstein 4 Texcel Rubber Steven Dickson | steven.dickson@texcelrubber.com Partnership Date: Wednesday, August 21, 2019 #1 Describe the challenge that led to the formation of the partnership. * Flexaust:...

Challenges in Modern Shipping Shippers today are faced with all sorts of logistics challenges. Lost shipments, damaged freight, reweigh charges and size reclassifications to name a few. “Most of our Shipper customers have experienced all sorts of issues, which is why we decided to craft a great documentation solution to...

Subscribe to our Blog

Stay up to date with our latest news, receive exclusive deals, and more.

Lenexa, KS – FreightSnap’s FS 5000 pallet dimensioner has officially earned OIML certification after passing the established testing criteria for multi-dimensional measuring instruments. Having previously passed certification standards in the United States (NTEP) and Canada (Measurement Canada), the FS 5000’s recent OIML certification means that the dimensioner has now earned...

Admittedly, the process for collecting on freight damage claims is more complicated than it probably needs to be, but that shouldn’t keep you from collecting what you’re owed. If you’re ready to stop losing money on claims collections, take a look at our top tips for being successful. Document your...

Let’s Talk About Drop Shipping In traditional ecommerce businesses, the order fulfillment process involves companies receiving customer orders and shipping the products from inventory they have in stock. This includes picking, packaging, and sending out the order to the customer. Obviously, this method of supply chain management requires significant overhead...

You have the latest pallet wrapping equipment. You take great care to correctly package your freight, wrap it, and prepare it for shipment. You’ve even purchased the right size of pallets to avoid needless shipping charges due to unused space. Then what happens? The dreaded reclassification from the carrier.  ...

A FreightSnap Solution Case Study Introduction FreightSnap, a renowned provider of dimensioning solutions, collaborated with Daifuku Logistics Solutions to tackle a critical challenge faced by FedEx at Charles De Gaulle Airport in France. The objective was clear: deliver a tray-based non-conveyable freight handling solution that seamlessly measures irregular products at...

Sr Partner Partner’s Primary Contact 1 Flexaust Leigh Elliot | eigh.elliott@flexaust.comJames Hall 2 Freightsnap Michael Eichenberg | michael@freightsnap.com 3 Motus Logistics Jaron Klopstein 4 Texcel Rubber Steven Dickson | steven.dickson@texcelrubber.com Partnership Date: Wednesday, August 21, 2019 #1 Describe the challenge that led to the formation of the partnership. * Flexaust:...

Challenges in Modern Shipping Shippers today are faced with all sorts of logistics challenges. Lost shipments, damaged freight, reweigh charges and size reclassifications to name a few. “Most of our Shipper customers have experienced all sorts of issues, which is why we decided to craft a great documentation solution to...

Product Sheet - FS Parcel Dimensioner

2023 DimReimag LP - FSParcel PS Dwnld

Product Sheet - FS 5000 Dimensioner

2023 DimReimag LP - FS500 PS Dwnld

Request a Quote!

2023 DimReimag LP Pricing Request Form