Warehouse Management: 3 Legs to Stand On
Warehouse management is one of the most important aspects of retail operations management. If your warehouse is inefficient, your entire retail operations will likely be inefficient. And losing money.
There are three essential components to managing a retail operations warehouse effectively. They are:
- Managing Products
- Managing Employees
- Managing Vendors
How to Manage Your 3 Warehouse Legs
Let’s talk about how to manage these three aspects of your retail warehouse effectively.
- Product Management – Managing products through your warehouse involves a great deal of paperwork and organization. One aspect of it is being able to locate products easily. When you have a store that needs a product replenishment, your ware house needs to be organized so that your crew can find that product, load it quickly, and get it to where it needs to be so it can be sold. Another aspect of product management involve managing your entire supply chain efficiently. That includes from the time you create a purchase order until that product is sold.
- Employee Productivity Management – Running a retail warehouse is not a 9-to-5 operation. If your retail chain is a large chain, you may need to operate your warehouse 24/7. If you have online operations at all, it’s almost a requirement. Being able to schedule your employees for peak productivity is essential, especially if some of your best customers are from overseas, in a country in which you have no physical presence.
- Vendor Management – The third aspect of managing your warehouse effectively is vendor management. That includes paying your invoices and tracking and monitoring inventory from your vendors’ warehouses to your own.
The bedrock of efficient warehouse management is warehouse layout management. How you lay out your warehouse determines whether your are efficient at managing products, productivity, and vendors.
Manage your warehouse more effectively with ChainDrive.