Top tips to improve your warehouse storage system
If your warehouse is unorganised, messy, and over-crowded, this could be having a huge impact on productivity.
After all, logistics is an area of every business that should be taken extremely seriously, especially when streamlining your day-to-day business operations, improving customer satisfaction, and unlocking great efficiencies.
With this in mind, it’s certainly worth taking the time to optimise your warehouse storage system by identifying ways to improve your warehouse storage system.
We’ve created a helpful guide outlining our top tips to improve your warehouse storage system.
Firstly, one of the main advantages of a warehouse storage system is that it will allow you to optimise productivity and reduce error rates – factors that are extremely important in any warehouse environment.
But that’s not all, your warehouse storage system will also allow you to improve order fulfillment, increase operational efficiency, and minimise inventory holding costs.
How can you improve your warehouse storage system?
Maximise all available space
When it comes to integrating an effective storage solution into your warehouse, you should make sure that you use all available ceiling to floor space. Invest in compact storage solutions that fit your business’s needs and demands when it comes to access, capacity, and safety.
ABC Analysis
This inventory categorisation method is a great way of categorising your stock based on its monetary value, making it a great solution for a wide range of industries including the pharmaceutical sector.
ABC analysis is a great way of identifying which products make you the most money by identifying the stock that is bringing in the most money.
At the same time, you should focus on defining your stock levels as this will not only allow you to determine an accurate forecast, but it will also allow you to optimise your stock management.
The following levels contribute towards greater efficiency and should be implemented as an integral part of your daily activities.
- Re-ordering level
- Maximum level
- Minimum level
- Average stock level
- Danger level
- Economic order quantity
Demand forecasting
Demand forecasting is a great way to ensure that you never run out of stock and that your stock levels remain at a comfortable level.
Your warehouse management system will provide you access to a whole host of data, which you can then utilise, to determine an accurate demand forecast. For example, overstocking can have a huge impact on cash flow and is definitely not a smart use of space.
But that’s not all. Demand forecasting will not only ensure that you always have enough stock to meet demand, but it will also give you the best chance of being able to accommodate changing customer demands.
Temperate Control
Certain goods, such as pharmaceuticals and food items, need to be kept at very specific, tightly controlled temperatures. This should be a consideration if your warehouse is being used to store perishable products such as these. Make sure your warehouse is equipped to control and monitor temperatures where needed.
Real-time shipment tracking
This is essential when it comes to improving your warehouse storage system. This is because real-time shipment tracking allows you to track delays and damages to your stock in real-time using geolocation technology.
This will help you replenish stock when appropriate, reduce instances of miscommunication, and take the necessary action in the event of a disruption.
Here at OSE, we offer vast warehouse and storage premises that can flexibly accommodate all sizes of parcel, pallet, or document.
Offering secure storage facilities and designated warehousing, our storage facilities are strategically located across the UK and Europe, allowing us to offer a reliable and professional warehousing service that guarantees customer satisfaction. What’s more, our manned Belgium depot also enables us to hold European shipments near their specific collection or delivery point.