Are you looking for ways to control labor, inventory and freight in your warehouse? In a recent blog post, we addressed the use of material handling equipment and other ways to optimize productivity. We’re continuing our look at ideas to help you improve efficiency and reduce costs.
How to Reduce Costs and Improve Efficiency
Here are five more tips from experts to streamline your warehouse operations.
1. Optimize Inbound Supply Chain Policies and Procedures
Late deliveries and vendor non-compliance on issues such as product packaging and labeling create costly delays for your employees. Develop specific policies and push value-added services up the supply chain so your employees can focus on their own jobs.
2. Implement Voice-Enabling Technology
Voice-enabling technology reduces errors and improves productivity to the extent that a system will pay for itself in as little as four to six months. Most systems are installed quickly and require little training, but do your homework and make sure you find the right program for your application.
3. Consider Third Party Fulfillment Options
Many companies prefer to keep fulfillment functions in-house, but there are times, such as when you need more warehouse space, when third party fulfillment (3PF) is a cost-effective solution.
4. Compare SaaS and Licensed Services
Enterprise and WMS systems involve substantial investments that may prohibit timely upgrades. A SaaS subscription model can be a more appropriate option.
5. Never Stop Improving
Measure the results of your plans and build on them to continue ongoing improvement.
DJ Products: Your #1 Source for Quality Material Handling Equipment