We know the world of warehousing and logistics is a rapidly changing one, which is why we commissioned research and created this new resource centre to help you plan your warehousing requirements for today, tomorrow and the years to come. It's packed with useful insights to help you understand how you can make your warehouse more profitable and give you that competitive edge.
Advantages of Hiring UIUX Design Service Providers for Your Business
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Space and stock infographic
1. SPACE AND STOCK
The Financial Frontier
Many ïŹrms use ERP-derived âstock modulesâ 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 beneïŹts to both cash ïŹow and customer service.
IMPROVEMENT FOCUS
What are the main problems/challenges you would most like to
see signiïŹcant improvement in?
Cost of running
warehouse ops
Accuracy of
fulïŹlment
Integration
between WMS
& ïŹnancials
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 ïŹrms 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 fulïŹlment
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 âavailableâ in the warehouse, because the relevant
paper, or its electronic equivalent, hasnât 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
fulïŹlment
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
ïŹuctuations, 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 eïŹciently
18%
Time wasted
looking for
misplaced items
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