Imagine you operate a warehouse in West Bengal, just as I do. As an efficient warehouse manager, you need to be aware of the current state of the warehouse, just as a farmer knows the layout of the land and a surgeon knows the anatomy of the body. We are talking about operational warehouse management data and KPIs that reflect the day's work. If you are trying to figure out these elements, here are some questions to ask yourself. Is my KPI set up correctly? Businesses have several universal constants, but KPIs are not one of them. Some key performance indicators may seem similar; however, they must be tailored to a given brand's nuances in practice. As a first step in using metrics for warehouse efficiency assessment, define your program's objectives and rationale clearly. If you know where you are, where you hope to be, and how to measure your progress all that is left is to implement the plan and skilfully incorporate corrections over time. How holistic are my metrics? It's crucial to balance between customer-facing and internal aspects whenever you are designing metrics-gathering processes. Your warehouse in West Bengal is likely losing money if you allow the stock to age out while sales and fulfilment take centre stage. Warehouse management involves addressing your potential costs and liabilities, and sluggish or obsolete inventory is an issue that needs to be addressed. Using metrics can identify and isolate this problem before it escalates to alarming proportions of your on-hand inventory. Is my workforce fulfilling its responsibilities? In picking and packing, efficiency is the operative word. In today's business world, a team's progress must be meticulously documented. Well-maintained KPIs provide insight into the areas where warehouse staff may need extra coaching or how you might streamline your processes. Is my information up-to-date? By leveraging modern technology, warehouses can monitor inventory levels on every shelf in real-time, updating themselves in response to product movement. Today, warehouses can rely on technologies like IoT to get in-the-moment updates on the location of stock, employees, or both. Managers can utilize these metrics so they can make more informed decisions and capitalize on potential opportunities. The data can then be made transparent and accessible to supply chain partners, clients, and end consumers directly or through periodic reports. What is the status of my stock? Broken components, late delivery, and poor delivery practices not only require a lot of time and effort to investigate and file insurance claims, but they also delay projects, wasting time and money. You might find having documentation on delivery accuracy helpful if you ever need to swap out a shipping/delivery provider. Final Words
Making the right decision at the right time will always be the crux of warehouse management. Monitoring KPIs is like setting an alarm clock that will let you know when it's time to solve problems before they become overwhelming. Warehouse KPIs are not a magic bullet to turn around a struggling warehouse, but they can provide insight into things to fix, as well as resources and opportunities to leverage. When running a warehouse in West Bengal, take measurements frequently, document everything you can each day, and analyse your records for trends. The power of metrics may surprise you!
0 Comments
Leave a Reply. |
Archives
October 2022
Categories
All
|