Warehouse Storage Bins
Flexible & Bespoke Storage Solutions
Initiate a thorough study of inventory management to maximise investment and determine how storage hardware can best be utilised
Examine the movement of goods, how quickly orders must be fulfilled, and determine the best ways to pick products, some goods are small and fast movers, while others may be large and slow movers.
Set your goals
manpower, stock availability, picking strategy and the warehouse environment must be addressed. A review of short-term goals also will inevitably lead to exploration of future plans and growth strategies.
Assess Warehouse Space and Inventory Requirements
For example, a line of pallet racking could be interrupted by a physical column, forcing the need to move the entire line, or eliminating a bay, resulting in wasted space. Physical characteristics of the products and packaging also need to be examined thoroughly relative to building constraints. Picking, packing and other essential functions also must be factored into the layout.
Have future expansion in mind
When selecting products, product interchangeability and flexibility is paramount. On one hand, for example, many types of racking claim to be interchangeable. In reality, there may be limitations due to the layout of the warehouse. On the other hand, implementing a modular warehouse storage solution that can be added to or reduced if and when required may make more business sense.
Assess your Inventory requirements
Make a determination as to how best to manage your warehouse stock and picking needs with regards to the layout of your warehouse storage bins. Know when to utilise a consultant to help you identify the thresholds between doing things manually or opting to automate.
B2B or B2C
Communication is a key to success
Whether selling B2B or B2C, the customer journey reigns supreme, and the methods used to engage with customers have become increasingly sophisticated. Customers take the quality of the goods as a given - they are more educated and know what they want – and often, they are spoilt for choice. The differentiator therefore may not be the product itself, but rather the ease with which they can communicate with a seller, and how quickly they receive the goods. It may even be their ethical reputation, or their unrivalled returns policy.
How it is managed is therefore key to the success of a business. New technology and sustainability across the warehouse and distribution network are going to be the way that the future expectations of customers are fulfilled.
Holistic and Innovative Structure
Invest in Automation for Inventory Management
The supply chain of the future will need to be dynamic, operate in a more holistic structure and work innovatively to deliver outstanding products in an efficient and effective way. Whether that involves part automation is another hot topic.
Among the reasons to invest in automation for inventory management and order fulfilment is the ability to maximise storage space in a minimal footprint by utilising the vertical, overhead space within a warehouse. With products delivered using automated storage and retrieval systems (ASRS) pickers receive the items at a waist-height position, utilising the goods-to-person principle, reducing travel and search time considerably leading to less downtime from pickers. Health problems associated with excessive bending or stretching are also minimised. Further, the transition to an automated system eliminates the need for wasted aisle space required for the navigation of forklifts and other material handling vehicles.
Further automation advantages include software-driven slotting for dynamic cube utilisation based on pre-set parameters, such as item velocity and weight. Typically, manual picking from warehouse shelving or storage bins and racks hits rates of 50 to 100 picks per person per hour, whereas pick rates in facilities incorporating ASRS solutions range up to 1,000 picks per person per hour. Automated picking also boosts pick accuracy significantly, eliminating mis picks. Automation also enables order cut off times to be extended, increasing the number of same-day shipments.