What is Warehouse productivity?
In today’s competitive global marketplace, we all know warehouses play a fundamental role in the logistics of manufacturing companies. Most of the company’s measure warehouse productivity to analyze and monitor the performance of the warehouse operations. Every warehouse intends to maximize productivity by optimizing workflows, following the automated process to handle complex operations with ease and safe, thus saves both time and effort.
How can you boost up your warehouse productivity?
Most of the warehouses have processes and systems in place which leads to warehouse productivity. What is said to be a profitable warehouse? A productive warehouse working efficiently and assures maximum returns by attaining a high-performance level. So what’s the most effective method for increasing warehouse productivity?
Few pointers are listed below:
- To reduce the investment, instead of purchasing top-notch quality equipment, many warehouses purchase low-cost equipment. But this low-cost equipment might lead to higher operational costs. It is vital to measure the operational cost in terms of productivity and determine the efficiency of a warehouse.
- Review or conduct an audit of the warehouse operations and the layout. Stock the items in the quickest order and ensure they can be retrieved with ease and expedite way.
- Understands what the business sells and optimizes the warehouse storage area accordingly (Fast moving SKUs to less purchased stocks by customers). In simpler terms, grouping and bagging the components that are often used together. This helps to make better use of storage spaces, and reduced delivery times
- Implement new procedures and the newest technologies available in the market to save time and effort in warehouse operations.
- It is important to review the SKU constantly to optimize the slots in the warehousing hub.
What’s next when your warehouse productivity increases?
A warehouse with an efficient process leads to customer satisfaction because it helps ensure quick and accurate shipment. Customer retention and warehouse productivity are directly proportional, in case if there are any deviations in the warehouse productivity then it might reflect in the customer retention rate. Warehouse efficiency increases when the warehouse management functions as per the process and eliminates dual work. Any warehouse can be worked efficiently if they consider the following:
- Optimizing the use of all available storage spaces helps the warehouse operators to access the stocks quickly.
- Having a good warehouse management system to optimize the walking path for the warehouse operators.
- Mobile technologies help to eliminate human error; it is always better to upgrade manual paper-based systems to digital platforms.
- Auditing and reviewing of stock regularly.
Key takeaways
To optimize your storage space, it is important to pick the right storage system based on the accuracy criteria, whether it’s an automated or manual storage system. The vertical racking system in combination with the right material handling equipment can boost efficiency, picking accuracy, and safety whereas an automated racking system helps to optimize overall operating cost along with satisfying criteria such as picking speed, accuracy, safety, increase in productivity, etc. The best approach to improve your warehouse productivity is to implement a warehouse management system to continually monitor the performance and analyze productivity. Continuous improvement process helps to reduce the costs and to innovate your warehouse operations. Regular audit of your warehouse operations helps to determine the bottlenecks and to find opportunities to optimize your warehouse productivity by adopting process improvements and investing in smart technologies, thus making it within reach.
Make a diligent decision in choosing your storage solution whether automated or manual storage racking system. Interested in looking for a Storage Solution? Visit the Craftsman Storage System website to check what we can do for your business.
Market Synopsis:The automated storage and retrieval system, also known as AS/RS, is a perfect storage and inventory handling solution.
The ASRS Market is expected to gain a valuation of around USD 10.81 billion by 2023 with 7.7% CAGR during the forecast period (2017- 2023).
Market Research Future (MRFR) in their report, analyzes that several companies like Van Den Nan, Audi, and others.Its precision, speed, ability to carry out operations, detailed value chain analysis power, high volume storage capacity is expected to transform the automated storage and retrieval system market.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3886Market Segmentation:Type, application, and end-user are segments that have been included by MRFR for their extensive study of the global ASRS Market.
The food & beverages segment is also expecting high benefits from the segment.Key PlayersThe prominent players in the Automated Storage and Retrieval System Market are –TGW Logistics Group GmbH (Austria), Swisslog Holding AG (Switzerland), Daifuku Co., Ltd. (Japan), SSI Schaefer Group (Germany), Murata Machinery (Japan), Knapp AG (Austria), Mecalux SA (Spain), Vanderlande Industries (Netherlands), System Logistics Corporation (Italy), Bastian Solution (US), Beumer Group (Germany), Dematic GmbH & Co. KG (Germany) and Kardex Group (Switzerland) among others.Regional Analysis:North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are four distinct regions mentioned in the geographical analysis of the global automated storage and retrieval system market report, conducted by MRFR.
This report aims at uncovering the profitable zones, which can be explored for better market prospects in the coming years.North America’s prominent positioning in the global market and its fetching of the maximum revenue are dependent on the presence of several industries across the region.
An automated solution for storing and retrieving products in the facility or warehouse is entitled as automated storage and retrieval system (AS/RS).
Its types include horizontal and vertical carousels, vertical lift modules, robotic shuttle systems, and crane-based mini-load ASRS.
These storage solutions not only help manage warehouse operations flawlessly but deliver a better ROI to the business.
Its selection should be done carefully and is dependent on many factors.
Do you know what those factors are?
If you want to know them, read this blog post further.
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