5 Key Steps to Optimizing Warehouse Management

Mar 14, 2009 in Industrial & Manufacturing

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Best-in-Class companies have reduced their detention and demurrage costs over the past 12 months.
Best-in-Class companies are 3.3x as likely as all others to turn-around orders the same day they are received.
Best-in-Class companies are 2.3x as likely as all others to have decreased their inventory carrying costs over the past year.

In difficult economic times, it is not surprising that managers across all areas are being asked to do more with less. In fact, 51% of respondents are feeling the pressure to manage change without increasing staffing or warehouse space. When demand grows increasingly uncertain, there may be a drive to focus and take action on those elements which are within your control: the costs of carrying inventory and its potential obsolescence, the cost of warehouse labor, and the potential inefficiencies of process that stand in the way of performance goals.