With the advent of this new age business world, companies are giving exclusive concentration on each department and dedicated focus on its sub-departments as well. In that scenario, warehouse management is a key contributing factor in the logistics industry, and in today’s digitized world, companies have also started focusing on comprehensive warehousing. Any warehouse practice that involves accuracy and perfection in Warehouse management is termed comprehensive warehousing. Being a leading logistic service provider in India, V-Trans practices comprehensive warehouse techniques in its operability. Let us have a look at the way comprehensive warehousing is utilized.
More than 60% of the buyers are attracted to delivery partners who provide more offers options in delivery services.
What exactly is warehouse management?
To explain more simply, warehouse management involves planning, organizing, implementing, and controlling storage procedures on any stock. It is then followed by the distribution of those stocks to the concerned destinations through suitable transportation modes.
Core operations of warehouse management
- Storing the stocks at the right place in the right order and distributing them to the concerned level two hubs at the right time without any errors.
- Maintaining the stocks as damage-proof by preventing them from becoming vulnerable to any internal hazards.
When a warehouse management system needs upgradation?
If your warehouse management system shows these five signs or any one of them, then it is high time it needs an upgradation:
More time to merge data
If you have tons and tons of data and merging them takes the entire day, then you are going to face a setback or loss hence it is mandatory to computerize your warehouse data and merge them instantly.
Inventory depletion problem
Planning the inventory is an art in warehouse management, most warehouses do not follow a standardized procedure in planning their inventories. One of the most happening mismanagements is the unavailability of a stock which even leads to losing a customer. For example, a product gets displayed on more than one platform but there will be only one stock of it available in the inventory and when more customers place orders for that product it leads to depletion.
This is the vice versa scenario of the above situation, where an excessive number of stocks also leads to a warehouse management problem. If a warehouse has a greater number of stocks than the demand then its value gets depreciated, which forces the seller to reduce its price which also incurs the loss.
90% of the buyers are repeat customers since they find their retailers are providing the best delivery services.
Stock management not just comprises handling the existing stocks, it also involves planning the future stocks and framing a proper executable plan to transport the existing stocks.
Unable to absorb the growth
Improper inventory management may also cause deterrence in the growth rate of an enterprise. Enterprise will first reduce the sales volume as a ripple effect office poor inventory management that blocks its growth rate. V-trans being a prominent logistic service provider in India takes care of and eliminates all the troubling factors that hold back the operability of a warehouse.
Efficient Warehouse Management Approaches
Implementing modern system selection strategies of warehouse management yields several benefits and cost savings and creates a positive impact on the productivity and distribution of the stocks.
Packing a product is not about bundling it but, it also happens to be one of the important contributors in elevating the overall performance of a warehouse. Today customers are considering packaging as a key element in evaluating the dedication of a logistic player.
Shipping Strategy Optimization
Making changes in your shipping strategy according to the current technological advancements will always be an added credit to your warehouse management practice. Let it be implementing software that notifies every single move to the Transporter or to the customer it keeps you connected and helps in growing the existing customer base.
44% of the customers prefer the fastest delivery online store.
Factors influencing Warehouse Performance
Efficiency denotes the time taken by the warehouse workers to complete a certain task and then comparing it with a standard time would help warehouse management evaluate the performance of their workers.
Return rate indicator
The return rate indicator shows the number of times a particular product is returned by customers, usually warehouse management should not blindly reconsider the return rate instead it also needs to find the actual reason for to return, and that helps in understanding the customers better.
Picking Accuracy and Request Timeout Indicators
Request time out shows the average time taken for an order to reach a customer, so the less the request time the customers get more satisfied. Similarly, picking accuracy denotes the rate of recovery for each order post-delivery.
The logistics industry has become highly competitive and hence logistic players need to focus keenly on warehouse management. Our excellent logistic services in India show the dedication and commitment we give towards warehouse management.