In an ever-increasingly competitive world, warehousing challenges top of the list of items to conquer in an effort to gain control of inventory accuracy, optimize resources, leverage opportunities, comply with regulatory requirements and improve overall business operations and profitability.
Warehousing challenges affect the entire business, from sales to purchasing to customer service.
Warehousing challenge: Inventory accuracy & visibility
Accuracy in warehousing requires all inventory movement, adjustments and status changes to be captured. This includes receiving, transfers, breakage adjustments, balance adjustments, non-sale us of products, physical count adjustments, customer returns, vendor returns, and, of course, sales.
Accurate warehousing provides real-time visibility and business information for managers to review, analyze, and predict ongoing and future business needs. Additionally, the information can be used to reduce lost sales due to out-of-stock products, increase speed & accuracy into workflow processes, to help gain control over inventory investments & COGS.
Warehousing challenge: Organizing for improved profitability
Organized warehouses provide the foundation for quality and efficiency. A warehouse can be a different physical location, logical division of inventory or a financial segmentation such as geographic, by category, by usage, by ownership, by inventory status, or by location. Locations are a step below the warehouse and can be an aisle, rack, shelf or bin location, on trucks or other company-defined areas.
Warehousing organization should be customized to your business so that items are easily found and retrieved. The benefit? Organized warehousing allows the workflow to be optimized, the warehouse to be less cluttered and errors to be reduced, as the correct items are identified and located in the proper location.
Make warehousing challenges a thing of the past with ACCTivate!
ACCTivate! is complete inventory, warehousing and business management software with the power, flexibility and scalability that growing businesses require. Built on a solid foundation of best in class capabilities, ACCTivate! delivers robust features that enable businesses to automate, organize and adapt for a sustainable, competitive advantage.
Learn more today! Contact us or give us a call at 1-866-877-1311 to speak with an inventory specialist.
Article by Christian Young