2 Best Practices for Inventory Management for Warehouses

Inventory management is a complex process, particularly for larger organizations, but the basics are essentially the same regardless of the organization's size or type. In inventory management, goods are delivered to the receiving area of a warehouse in the form of raw materials or components and are put into stock areas or shelves.Compared to larger organizations with more physical space, in smaller companies, the goods may go directly to the stock area instead of a receiving location, and if the business is a wholesale distributor the goods may be finished products rather than raw materials or components. The goods are then pulled from the stock areas and moved to production facilities where they are made into finished goods. The finished goods may be returned to stock areas where they are held prior to shipment, or they may be shipped directly to customers.

Track the bestsellers or the high sellers 

An advantage of optimizing your inventory management for warehouses is that you can track sales and orders for each product or customer. This information can be extremely useful, most businesses can improve on their smart insights into inventory data.  Use this information to track the high sellers. Position these in a place where you can find and follow them a lot easier.

This way the entire inventory management will be more efficient, storage and shipping are performed faster, and you never have to worry about this task ever again. If you want to make your big clients happy, this might be one of the best methods you can use.

Use movable & fixed tracking option 

Using movable tracking options will allow you to see where you placed a product, how you can access it and if it’s ready for shipment. Movable tracking enables you to see where items are located at all times, and it makes the entire process faster, easier and more intuitive.

On the other hand, fixed tracking is also an option for many businesses. This way you can easily manage and assign destinations with precise efficiency. You can seamlessly combine fixed tracking with movable tracking if you want to acquire optimal results. At the end of the day, fixed and movable tracking options can do wonders if you use them correctly. 

Often times there is a learning curve and initial investment incorrect inventory management processes, but these short-term investments have large payoffs in the future. 

Written By 

Gazi Sanaul Hasan