Inventory Management Tips: How to sell more with less effort?

Wait! You have 20 minutes extra in which you need to buy items from the grocery on your way to the office. You reach the nearest market as fast as you could. Upon entering, you realize that your favorite store had rearranged the items in a different order. You curse the owner waste 35 minutes and buy the items.

They say time is everything. If the items at the grocery store can bother a customer think about the employees at the warehouse where an unorganized inventory can waste a lot of time of the employee.

How important is the management of inventory in the warehouse?

For instance, some habits, like labeling machines if done correctly, can save a lot of time and energy of people. If the devices are labeled correctly, it indicates proper warehouse inventory management.

You might feel that inventory management is just arranging items so that they can be found easily and quickly. Proper management of inventory is all about maximizing the productivity to save time, money, and energy. If you organize the inventory it will give you tons of benefits.

So, whatever you’re doing right now, leave it and read this blog before your competitors do and make these changes in their warehouse. Because if they do, they will gain some advantage over you.

Here, we will discuss how to manage your inventory to boost your productivity with or without using the software.

  • Start with the upkeep

The first thing that you need to make sure is that your warehouse must meet the current standards. Which means you need to work so that everything runs smoothly for your employee and the customer as well.

Questions like, is the stock easily accessible? Are the hot-selling items being within an arm’s length?

Is there is a place for damaged goods? How will the damage items move every day?

If you misplace the damaged goods randomly, you know how disorganized things can be. In a messy warehouse, it’s frustrating to get things in order.

You must realize that a disordered warehouse will slow down the operations big time. Make a checklist for the manager and force them to follow the list.

  • Seek your highest selling products

When you arrange your inventory, keep it in mind that whatever you do, do not place the top-selling items on the top or at the back of the rack. These are the items that will give you real sales. Also, to save the time of your customers as well as a sales rep, it’s crucial that you place the items right at the front.

If you are willing to relocate your best-selling items, ensure that the customer knows where these items are so that it won’t take them much time to find those items.

  • Don’t forget the cycle counts

You don’t have to wait for the annual inventory cycle to complete. Perform regular annual cycles on your inventory and figure out what is working and what which of the items are causing problems or creating a delay in the warehouse. For those people who don’t know about cycle count, it is counting the inventory items in small proportions to analyze what is working and what is not working.

It’s necessary that you know which of the locations are creating the most impact so that you can utilize those locations for your benefit. Work on improving the accessibility of the item for the customer.

  • Remove unauthorized traffic

Have you ever noticed people wandering around in the warehouse and you think, who the hell is this guy? A recruit or a pizza delivery guy who just lost his shipping address? There could be a lost customer who is looking for his way back to the store. Eliminate all the risk of having unknown people running around the warehouse. Give your employees a unique t-shirt or any form of identification that you can help you recognize the employees.

  • Free-up some extra space

You are running a warehouse inventory anything can go wrong. There could be errors which can lead to some unnecessary items at your warehouse. Make room for these items in advance. Because if you don’t make space for these items, then it will be difficult for you to relocate the items without investing the time and resources of your employees. You don’t know which items can cause trouble, so it is better to take precautions in advance and make space for these extra items.

  • Label every single thing

Are these items in your inventory that don’t have labels of them? The quickest way to organize your inventory is to label every detail in the warehouse. When you know that items are right where they need to do, it will be easy for the employees to get these items when demanded, and it will reduce the overall error. The smartest way is to come up with a labeling system. Get professional help for labeling systems

For instance, print the labels, you can use any software to print the labels, now put the labels on every product, and it will be easy for you if the labels are designed with the location of the warehouse. If everything is labeled it will be easy to find items and bring them out when demanded.

  • Never compromise on quality control

It’s okay to fix the mistake once in a while, but if there are recurring errors, it means that you are doing something wrong. You must hire professionals to maintain the quality and control of the process. This means that from the moment the product is picked from the rack to the moment it reaches the customer, the SKU and QC should be clear on that item. No item can be moved without first passing the QC (Quality Control).

  • Work hard on priority picking

We learned this trick years ago. Make a colored list for keeping taps on the priority. The handlers of the product will know the intensity of the importance of the product in the eyes of the customer. Marking items as priority will save a lot of time and energy of your employees. If you have a label on every item even the new hire will be able to recognize the item and place it where it belongs. To make things easy it is better to make a booklet and place all the rules in that booklet.

  • Begin tight, end right

Anything done in a hurry will surely end-up messing things around. You must give your crew time to finish processing orders and let them clean up before they leave the warehouse. Make a checklist of items they need to complete before they leave the warehouse. Spare 30 minutes at the end of the day to monitor and help employee’s clean-up before they go home. In this way, at the end of each day, your warehouse will be organized, and each item in the inventory will be placed where they should be in the first place.

One thing you can do is to monitor which cleaning time is more effective. If your employees can clean-up best in the morning make them clean-up in the morning. If the employees perform best clean-up in the evening let them do that without judging them.

  • Organize the warehouse

To speed up the process of finding products, it is advised to organize your warehouse in the most decent manner. Have you ever wondered how the items at the bookstore, library, or movie rentals are placed? Yes. You must follow that approach to organize your items.

Label places if you want to keep tap on the location. You don’t want new hires to wander around aimlessly figuring out places that are far away. Make a system that will help employees organize the items most suitable. This will give people a chance to make fewer mistakes and organize the warehouse in the best possible way.

 

Final Thoughts

Managing the inventory is a never-ending full-time job. It’s an endless cycle that includes picking, packing, placing, shipping the item without creating any madness. If you take out time to organize your warehouse, it will be easy for the employees to work more efficiently without draining their energy in the awful unnecessary stuff. Plus, if the inventory is well-organized, the items will be easy to find, and operations will run smoothly without disturbing anyone else. The products will be picked up faster and placed on the right spot within a few minutes.

In the end, it is all your decision to organize or not to organize your inventory. We have just provided you a guideline that can help you in organizing the items in your inventory. You can either take help from it or ignore it completely. If you want to sell more with less effort, this is your way to do it. Organize your warehouse in a way that it will keep everything at an arm’s length.

 

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