For any distribution business, inventory management plays a key role in company. For a successful business companies should maintain inventory to meet demand and supply, should be able to find, pick, pack and ship the correct product to the right end customer, and should have excellent customer support and fast delivery times. A streamlined organized warehouse integrated with the right tools is the major step to efficient inventory management in today’s market when dealing with top competitors which have the resources which can efficiently manage multiple inventories, large distribution hubs with latest technology. ALthough having limited resources, SMEs can still optimize their warehouse space to provide the same output as larger businesses to get product delivered quickly and perfectly. In fact, small businesses frequently modify processes to increase business efficiencies a lot faster than larger companies. B
Some tips for successful warehouse organization for your small business :
Software plays a major role, without the best suited inventory management software, your warehouse cannot be as efficient as it could be. Inventory management software will help automate the complete business process like picking, packing and shipping to end customers and helps your business to easily keep track of all inventory in real-time data which automatically eliminates manual inventory checks when trying to find product for an order. With inventory and accounting ERP software system you can find inventory information available in real-time data, and can also manage all accounting, invoicing, purchasing, customer and many more. Out of stock product can be detected tshow you if it’s currently on back-order.
Organization can gain a lot from proper warehouse management software. Whether it’s a small or large warehouse, easy access to products helps in picking up products more quickly and getting orders out the door to customers a very much faster.
- Store fast-selling products in high-volume and keep them close to packing stations which reduces time and can be delivered accurately .
- Color-coding helps to easily find product and shelf locations for better inventory management. While dealing with multiple products of different sizes and same brand implementing color schemes to identify items.
- Having an inventory management software for a real-time update on inventory availability without having to waste time checking the warehouse for product.
Most of the warehouses have different picking styles depending on the size of the warehouse, employees and products sold. Business needs to find the right picking method.
Barcode Scanning helps a lot in picking, packing and shipping of product process. With barcode scanning, warehouse staff scan items easily during the pick process to quickly Even not having mobile picking, barcode scanning helps in verification scanning set-up at packing stations and helps in reducing the risk of sending customers the wrong product. Inventory management software integrated with shipping functionality allows staff to accurately track product.
Even Though not having lot of resources, your small warehouse can still compete against big distribution companies with the right ERP software systems having warehouse management integrated. With an accurate inventory management software and accounting software helps in reducing the need to hiring additional staff when order volume increases.
Invest in a UdyogERP software system gives the biggest advantage in accessing the real-time inventory information. A UdyogERP system will allow you to know exactly track how much inventory is available, regardless of time or location of product.