Business World

Ways to Optimise Warehouse Storage

Warehouse StorageAll business operational systems are interconnected. Warehouse storage systems, for instance, affect inventory management and customer satisfaction. Suppose you are in charge of a company’s inventory, your competence as one relies greatly on the ease by which you can account for stored products.

Meanwhile, if you work as a business front-liner in charge of customer satisfaction, your ability to ship products in a timely and accurate manner depends on the level of ease by which you access existing inventory.

To conclude: warehouse storage systems can make or break a business. To ensure utmost optimisation of warehouse storage, consider these thoughts.

Lean inventory

Less is more. In warehouse storage management, less does not mean insufficient. It means reducing or cutting safety stocks. It means getting suppliers to agree to deliver products in smaller quantities, but more often, putting into account your product movement history.

With lean inventory, unnecessary stocks need not hog valuable space.

IKEA’s way

IKEA is popular worldwide for its efficient operational systems, most especially its inventory and storage management processes. They follow the high-flow and low-flow model.

IKEA’s storage facilities divide in two: high-flow for products that make up 80% of an automated product traffic, and low-flow for manually retrieved products that account for 20% of sales volume. This system has allowed the company to reduce operational costs while maintaining total customer satisfaction.

Lay out like a pro

If you cannot afford to pull off “lean inventory” or IKEA’s model, you can still optimise storage by starting with an efficiently designed warehouse. Points to consider include point of shipping, staging areas, the location of warehouse manager’s office, and access to pallet racking, among others.

Careful and smart placement of these warehouse segments can spell the difference between a warehouse that allows for easy traffic and one that complicates product movement.

Once you have figured out the best way to approach storage management, the next step is to pick the racking system that could maximise your space, which you can buy from companies such as Shelving Shop Group.