This aspect represents a crucial element in the supply chain, necessary to balance costs, maintain high levels of quality and ensure a timely response to market demand. Not only that: fully understanding how to manage the warehouse is of fundamental importance as it allows you to increase the competitiveness of a brand and improve the sustainability of your business.As reported by Insider Intelligence, by 2027 global e-commerce will exceed 8 trillion dollars - 23% of total sales - with annual growth over the period of more than 8%.
These data outline a picture that highlights, on the one hand, the enormous growth prospects and on the other the need for small businesses to equip themselves with structures and tools capable of supporting logistics in all its aspects in order to make the most of the great opportunities given by the current market. To understand how to best manage a warehouse it is therefore essential to have a clear understanding of the company's objectives, growth prospects and available resources.
Managing a warehouse in the best possible way means not only keeping the products in order, but also optimizing the processes of receiving and storing goods, controlling and recording stock inventory as well as preparing and fulfilling orders within scheduled times. For artisans and small businesses that sell online, allocating precious resources to this aspect can represent a complex challenge to face but one that cannot be overlooked. The need to respond to the needs of an increasingly demanding clientele imposes high standards and adequate structures, elements necessary to cope with the fluctuations of a continuously evolving market, characterized by seasonal peaks in orders and periods of instability. Furthermore, all of this must be planned and managed taking into account the type of product that characterizes your business. Here are 5 tips for effective warehouse management:
Optimizing spaces. Strategic arrangement of goods and effective use of available space are essential to speed up picking and packing processes. In this context, the type of product is fundamental: dimensions and specific needs must be taken into consideration in order to optimize spaces and define the processing areas within the structure, from reception to packaging operations. For SMEs and start-ups that do not have sufficient resources or who wish to save, the solution is to rely on specialized players in the warehouse management for third parties. This strategy allows you to promptly respond to market needs, from inventory to receipt of returns, thus optimizing space and timing.
Use automation systems. An ideal warehouse management for SMEs must necessarily pass through the integration of advanced systems capable of automating the phases of the production process, from receipt of the order to the processing of transport documents. This aspect is essential to guarantee the customer not only an efficient service, but also to offer customized solutions in line with their needs.
Performance analysis. Monitoring processing cycles and phases, such as order fulfillment times, inventory accuracy and return rates, can provide useful insights into improving warehouse efficiency. For example, for e-commerce a data driven approach is essential to have a more analytical perspective that can suggest the areas in which your business can grow. Finally, monitoring stored goods can help avoid over-storage and obsolescence of existing products. Choosing a specialized partner allows small businesses to access quality tools capable of integrating logistics and management processes, to always have reliable data useful for saving money and offering customers high standards.
Training staff. The increase in online sales has led to exponential growth in orders to be fulfilled and a wider fluctuation in demand. It is therefore necessary to have highly specialized personnel available, a close-knit team capable of operating at its best in the face of daily challenges and unexpected events and capable of reducing operational errors. All this has considerable recruitment and training costs for companies which, however, can be responded to by relying on specialized partners, players capable of modulating the workforce based on the needs of the moment and coping, without wasting resources, with fluctuations in the market.
Activating sustainable practices. Better warehouse management is the basis of a virtuous process capable of impacting the company's ecological footprint and, consequently, promoting cost reduction. Optimizing the movement of goods within the structure, designing quicker product identification and ideal order fulfillment are strategies that allow you to save time and money. For e-commerce businesses and SMEs that ship their products, a quick and advantageous solution may be to rely on specialized companies, equipped with vast territorial networks capable of guaranteeing "last-mile delivery" or convenient and close collection points. Delivery times and transport costs to customers will thus be reduced.
MBE Fulfillment is the service designed to assist artisans, e-commerce and SMEs in logistics and warehouse management. By entrusting the processes relating to order processing, product storage, picking, packaging and shipping to a specialized and highly qualified player, companies can concentrate precious resources on developing their business, guaranteeing the end customer an efficient service. With a network of over 1,700 centers worldwide, Mail Boxes Etc. is the ideal partner to help you grow your business.