Keeping your stock well organised and adding storage facilities are two ways you can keep your warehouse running smoothly, but we still have five more tips up our sleeves to help you improve your business and profits.
1. Discount and discard
Removing obsolete stock is an essential part of making room for new, more valuable stock. While there is always the thought that old inventory might be needed again at some undisclosed time, in business you need to be realistic and cut your losses. To clear your shelves, you have two options – discard it or reduce its price to move it. With a leaner stock, you can consider improving your industrial shelving in Ireland and throughout your network.
Health and safety regulations require employers to provide a ‘reasonable’ temperature in all warehouses, but these rules don’t go far enough to promote a happy workforce. Current findings reveal that active workers do best in an 18°C environment; however, cold is not the biggest issue, with heat in the summertime much more critical. To boost productivity, ensure doors and windows can be opened easily and protect against fluctuating conditions that could irritate staff.
3. The admin area
Many retail warehouses do not have the space or the funds for a dedicated administration person, but issues and problems that arise all too easily need to be communicated throughout the warehouse. The most straightforward solution is to establish a whiteboard near the entrance. Any observations, such as spillages or damage, can then be noted and seen. Don’t forget to initial the comments so that managers know who to ask for more details.
Cycle counting is an alternative approach to total warehouse stocktaking that can be performed year-round and add variety to a workload. There is no need to halt operations and the business can keep running full speed. It is also more accurate, as different items of inventory on shelving from suppliers such as http://www.rackzone.ie/ can be counted several times a year.
5. KPIs and your business
Performance indicators, or KPIs, help to identify the objectives of a business, measure performance, and monitor and manage efficiency. Selling through percentages and stocking to sales ratios and inventory turnover numbers will give you better qualitative and quantitative measures.