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SPACE AND STOCK
The Financial Frontier

Many ïŹrms use ERP-derived ‘stock modules’ to manage inventory levels
and positioning. Unfortunately these usually respect the commercial
ordering units, rather than the units in which the physical warehouse deals.
A true WMS makes possible the optimisation of stock levels and space
usage, with obvious beneïŹts to both cash ïŹ‚ow and customer service.

IMPROVEMENT FOCUS
What are the main problems/challenges you would most like to
see signiïŹcant improvement in?

Cost of running
warehouse ops
Accuracy of
fulïŹlment

Integration
between WMS
& ïŹnancials

Almost 40 per cent of companies
with stockholding operations rank
stock level optimisation high on
their priorities - in practice this
emphasis is keenly felt mostly by
larger companies and,
interestingly, by those ïŹrms that do
not run a dedicated Warehouse
Management System (WMS).

Picking
efficiency

Efficiency of
despatch

Optimising
stock levels

Managing
returns

Accuracy of
Speed of
inventory records fulïŹlment

17%

24%

24%

26%

29%

29%

30%

33%

33%

39%

43%

Efficiency of
order taking

Comms in the
warehouse

KEY CHALLENGES

Small

16%

The main problems/challenges by size of business
With a typical ERP stock module, especially one that is
to some extent still paper-based, stock can be
allocated, or even shipped, to an order but still appear
as ‘available’ in the warehouse, because the relevant
paper, or its electronic equivalent, hasn’t found its way
home

Small

29%

Optimising
stock levels

What problems/challenges do you encounter
in the day to day running of a large warehouse

PICKLIST

42%

Accuracy of
fulïŹlment
Large

Small

Large

40%

19%

51%

Managing
returns

Cost of running
warehouse ops

TECHNOLOGY

Large

If you have real-time visibility of your
stocking and warehousing, you can start
using Business Intelligence tools: you can
analyse trends, identify seasonal
ïŹ‚uctuations, and develop true forecasting
of forward stock needs based on analysis
of historic data and, derived from that, the
likely impacts of proposed marketing,
promotional and other activities.

Possess the technology
Lack the technology
20%

3%
Delays between the warehouse
receiving a pick instruction & getting
it into the hands of the picker

Possess the technology
Lack the technology
40%
35%
30%
25%
20%
15%
10%
5%
0%

37%
32%
21%

Harder to organise
storage eïŹƒciently

18%

Time wasted
looking for
misplaced items

FOR MORE INFORMATION ABOUT ACCESS VISIT
WWW.THEACCESSGROUP.COM/DELTA

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Space and stock infographic

  • 1. SPACE AND STOCK The Financial Frontier Many ïŹrms use ERP-derived ‘stock modules’ to manage inventory levels and positioning. Unfortunately these usually respect the commercial ordering units, rather than the units in which the physical warehouse deals. A true WMS makes possible the optimisation of stock levels and space usage, with obvious beneïŹts to both cash ïŹ‚ow and customer service. IMPROVEMENT FOCUS What are the main problems/challenges you would most like to see signiïŹcant improvement in? Cost of running warehouse ops Accuracy of fulïŹlment Integration between WMS & ïŹnancials Almost 40 per cent of companies with stockholding operations rank stock level optimisation high on their priorities - in practice this emphasis is keenly felt mostly by larger companies and, interestingly, by those ïŹrms that do not run a dedicated Warehouse Management System (WMS). Picking efficiency Efficiency of despatch Optimising stock levels Managing returns Accuracy of Speed of inventory records fulïŹlment 17% 24% 24% 26% 29% 29% 30% 33% 33% 39% 43% Efficiency of order taking Comms in the warehouse KEY CHALLENGES Small 16% The main problems/challenges by size of business With a typical ERP stock module, especially one that is to some extent still paper-based, stock can be allocated, or even shipped, to an order but still appear as ‘available’ in the warehouse, because the relevant paper, or its electronic equivalent, hasn’t found its way home Small 29% Optimising stock levels What problems/challenges do you encounter in the day to day running of a large warehouse PICKLIST 42% Accuracy of fulïŹlment Large Small Large 40% 19% 51% Managing returns Cost of running warehouse ops TECHNOLOGY Large If you have real-time visibility of your stocking and warehousing, you can start using Business Intelligence tools: you can analyse trends, identify seasonal ïŹ‚uctuations, and develop true forecasting of forward stock needs based on analysis of historic data and, derived from that, the likely impacts of proposed marketing, promotional and other activities. Possess the technology Lack the technology 20% 3% Delays between the warehouse receiving a pick instruction & getting it into the hands of the picker Possess the technology Lack the technology 40% 35% 30% 25% 20% 15% 10% 5% 0% 37% 32% 21% Harder to organise storage eïŹƒciently 18% Time wasted looking for misplaced items FOR MORE INFORMATION ABOUT ACCESS VISIT WWW.THEACCESSGROUP.COM/DELTA