It is difficult to increase productivity, whilst reducing costs and inventory and as well as deliver exceptional customer service. It is one of the greatest challenges many businesses face in their warehouse facility. It can form into many warehouse performance key performance indicators (KPIs)
It requires consistent effort to ensure efficient use of:
optimised stock rotation and,
achieve the best performance from the warehouse function.
With ever-increasing competition, the performance of a storehouse is vital to the success of a business. A warehouse needs to be flexible to cope with demand variations in addition to lead times. All whilst performing at its peak with less inventory, working capital and resources.
Optimising a warehouse performance takes planning, preparation, research and as well as, ongoing investment towards continuous improvements. Some key areas to focus on include: