Warehouse management is the backbone of the supply chain which in turn is the backbone of any business. Efficient warehouse management ensures that the product flow is regulated and under control across the system. Warehouse management ensures that there are no shortages and the movement of goods as well as raw materials is smooth.
Processes Involved in Warehouse Management
Top Warehouse Management Problems
1. No inventory accuracy in the warehouse
2. Inventory location and layout
3. Utilization of space
4. Faulty picking process
5. Fluctuations due to seasonality
Warehouse management assists the firms in meeting the productivity goals by providing efficiency in the flow of goods required in the manufacturing or the production process as well as in the delivery of finished products to the right consumer. Effectiveness and efficiency in this chain fuel the overall functioning of the organization. By providing the right stock at the right time, warehouse management brings value to the entire logistics system and helps in achieving the organization’s goals. With technology changing the expectations of the end-user and the functioning of warehouse management, organizations need to adopt newer technologies to remain efficient and stay at the top of the game.
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