If your business deals with large volumes or quantities of stock, then you should be using some sort of warehouse management system. The days of using spreadsheets or pen and paper are long gone. Warehouses have gone digital and it has dramatically changed the way that SMEs manage and track inventory items.
Effective Warehouse Management
Professionally managing your warehouse bring a number of advantages to your business. That’s why it’s key to get your processes right. There are several core basics that you need to focus on in order to achieve effective warehouse management. First, you’ll want to establish clear inbound processes. There’s no point investing in stock that goes missing or expires due to mismanagement.
One thing that SMEs often ignore is the layout of their warehouse. Your most popular items – or anything that is perishable – should never be placed toward the rear of the warehouse. You’ll also want to get your picking, packing and shipping right to meet customer demand. If you can get the right practices in place, you can also limit returns coming back into the business.
Warehouse Management System (WMS)
An advanced WMS system doesn’t have to cost the earth. These systems will help your warehouse operatives work smarter and faster. Organisations using a WMS quickly reduce picking errors. These systems link to handheld devices and use bar codes to ensure the correct items are being picked. With everything being managed digitally from a centralised solution, SMEs can optimise stock control by reducing items that tend to go missing.
By capturing all your warehouse data digitally, you’ll be able to produce more accurate reports and analysis. Organisations can save time and resources by reducing the amount of required stock takes. Accurate forecasting will also empower SMEs to streamline their supply chain management processes, meet customer demand and maximise sales opportunities.
Warehouse Management SAP
SAP Business One is filled with features aimed at helping growing businesses manage their warehouse. In fact, SMEs can manage the complete order-to-pay cycle. Starting with quotes, sales orders, invoices, payment and returns, everything your warehouse needs to function effectively is controlled in SAP Business One.
Companies can deploy new, best-practice processes – such as requisition requests or returns management – when using an SAP warehouse management system. Because master data is managed in a single, centralised database, users can analyse and identify trends to work smarter without having to trawl through spreadsheets.
By using a powerful set of warehouse management tools that integrate with other departments and functions across an organisation, SMEs enjoy the benefits of real-time synchronisation of data from their goodsin bay. Ultimately, any organisation using SAP Business One to manage purchasing and inventory control achieves lower costs, less human errors and greater levels of productivity.
If you’d like to take a demo of the WMS tools in SAP Business One, get in touch with one of our warehouse management experts here or call us on 01932 212 777.