Space and stock infographic
-
Upload
access -
Category
Technology
-
view
104 -
download
0
description
Transcript of Space and stock infographic
Many firms use ERP-derived ‘stock modules’ to manage inventory levels and positioning. Unfortunately these usually respect the commercial ordering units, rather than the units in which the physical warehouse deals. A true WMS makes possible the optimisation of stock levels and space usage, with obvious benefits to both cash flow and customer service.
SPACE AND STOCKThe Financial Frontier
Cost of runningwarehouse ops
Optimisingstock levels
Accuracy offulfilment
Managingreturns
Integrationbetween WMS& financials
Accuracy ofinventory records
E�ciency ofdespatch
Speed offulfilment
Pickinge�ciency
Comms in thewarehouse
E�ciency oforder taking
43%
39%
33%
33%
30%
29
%
29
%
26
%
24%
24%
17%
FOR MORE INFORMATION ABOUT ACCESS VISITWWW.THEACCESSGROUP.COM/DELTA
Optimisingstock levels
Cost of runningwarehouse ops
Small
29%Large
51%
Accuracy offulfilment
PICKLIST
Small
16%Large
42%
Managingreturns
Small
19%Large
40%
21%18%
32%
37%
0%5%
10%15%20%25%30%35%40%
Harder to organisestorage efficiently
Time wastedlooking for
misplaced items
Possess the technologyLack the technology
TECHNOLOGYWhat problems/challenges do you encounter in the day to day running of a large warehouse
KEY CHALLENGESThe main problems/challenges by size of business
IMPROVEMENT FOCUSWhat are the main problems/challenges you would most like to see significant improvement in?
3%
20%
Delays between the warehousereceiving a pick instruction & getting
it into the hands of the picker
Possess the technology
Lack the technology
Almost 40 per cent of companies with stockholding operations rank stock level optimisation high on their priorities - in practice this emphasis is keenly felt mostly by larger companies and, interestingly, by those firms that do not run a dedicated Warehouse Management System (WMS).
If you have real-time visibility of your stocking and warehousing, you can start using Business Intelligence tools: you can analyse trends, identify seasonal fluctuations, and develop true forecasting of forward stock needs based on analysis of historic data and, derived from that, the likely impacts of proposed marketing, promotional and other activities.
With a typical ERP stock module, especially one that is to some extent still paper-based, stock can be allocated, or even shipped, to an order but still appear as ‘available’ in the warehouse, because the relevant paper, or its electronic equivalent, hasn’t found its way home