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Demo - SCM
Demo - SCM
Inventory Management:
Tracking: Utilizing technologies like barcodes or RFID, the system tracks the
movement and status of inventory in real-time.
Cycle Counting: Regularly counting a subset of the inventory to maintain
accuracy and identify discrepancies.
Order Processing:
Order Creation: Orders are generated based on customer demand or internal
requirements.
Picking: Warehouse staff selects items from their storage locations to fulfill the
order.
Packing: Picked items are packed securely for shipping.
Shipping:
Labeling: Shipping labels are generated and affixed to packages.
Loading: Packaged items are loaded onto transport vehicles for delivery.
Documentation: Shipping documents, such as invoices and packing slips, are
prepared.
Returns Processing:
Inspection: Returned items are inspected to determine their condition and
whether they can be restocked.
Restocking or Disposal: Items are either returned to inventory or appropriately
disposed of.
Reporting and Analytics:
Performance Metrics: Key performance indicators (KPIs) are monitored,
including order fulfillment rates, inventory turnover, and accuracy.
Analysis: Data is analyzed to identify areas for improvement in efficiency and
cost-effectiveness.
Maintenance and Safety:
Equipment Maintenance: Regular maintenance of warehouse equipment such
as forklifts and conveyor systems.
Safety Procedures: Implementation of safety protocols to prevent accidents and
ensure the well-being of warehouse staff.
Continuous Improvement:
Process Optimization: Regularly review and optimize warehouse processes for
efficiency.
Technology Upgrades: Evaluate and implement new technologies to enhance
warehouse operations.
Warehouse and Inventory Management: Maximizing Efficiency and
Minimizing Costs
In today's episode, we will focus on the often overlooked aspects of
warehouse and inventory management and their impact on supply chain
efficiency.
The Role of Warehouse and Inventory Management in Supply
Chains
Understanding the significance of effective warehouse and inventory
management in reducing costs, improving order fulfillment, and
minimizing stockouts.
Discussing the challenges faced by companies in managing warehouse
operations and optimizing inventory levels.
Strategies for Streamlining Warehouse and Inventory Management
Performing warehouse inventory controls and keeping quality standards high for
audits
Receive and process warehouse stock products (pick, unload, label, store)
Perform inventory controls and keep quality standards high for audits
Keep a clean and safe working environment and optimize space utilisation
Complete diary logs into inventory
Follow quality service standards and comply with procedures, rules and
regulations