We have continued this popular new series into week six to bring you some more easy-to-implement inventory management tips. This week we take a look at some simple steps you can integrate into your supply chain to optimize workforce efficiency and inventory availability.

Tip #20: Customize Inventory “Kits”

Implement customized kitting strategies. Reduce inventory handling time by grouping and bagging components that are often utilized together into “kits”. This can be done for inventory as well as for supply chain operations that perform common repairs and other similar procedures.

inventory kits

Tip #21: Focus on Inventory Optimization

Get it right: having the RIGHT products, at the RIGHT time, in the RIGHT location helps to ensure warehouse efficiency and help keep your workforce productive. Having too little or too much inventory results in wasted time and labor.

Tip #22: Invest in Advanced IoT Technologies

Embrace “smart” technology in your warehouse to optimize energy efficiency, lighting, security measures and much more. The “Internet of Things” (IoT) is a major trend, including in warehouse facilities. Today, internet-enabled devices can enable your workforce to know the exact location and progress of products as they are handled and stored in your warehouse. Empower your workforce with “hands free” wearables. This will free up warehouse workers to move around the facility without having to use workstations. Investing in IoT can help you to reduce the use of manual labor and increase shipping speed and accuracy. Other IoT areas gaining ground include robotics systems and carts, autonomous robots and smart glasses.


Tip #23: Regularly Evaluate Vendor Performance

Continually evaluate and benchmark vendor lead time. One way of doing this is to create vendor score cards to measure performance. By monitoring and utilizing performance data, you can work with vendors to enhance performance. Working with vendors to ensure that your expectations are met will help you avoid out-of-stock events, reduce inventory holding cost and improve inventory turnover.

key metrics performance indicators

Tip #24: Verify Incoming Inventory Quantities

Double check shipment receipts. Don’t just assume that every shipment is accurate. Check packing slips and other information for errors. Catching errors at this stage can prevent inventory management problems further on down the line. Shipments with incorrect or missing inventory can result in order problems and wasted time and labor.

Featured Content

The Friday Report: October 18th, 2019

The Friday Report: October 18th, 2019

E-Commerce Popularity Driving the Demand for Space Amazon has set the expectations for consumers for fast, free delivery.  The rest of the market now has to keep up.  This is having a major impact on how space for warehouses, fulfillment centers and distribution...

The Friday Report: October 11, 2019

The Friday Report: October 11, 2019

Bipartisan Effort by Senators to Share Info on Supply Chain Threats Out of concern for risks to national security, a bipartisan group of senators want all branches of government to share information on technology supply chain threats.  Leading members of the Senate...

The Friday Report: October 4, 2019

The Friday Report: October 4, 2019

U.S. Announces Tariffs on $7.5 Billion of EU Goods Following the recent decision by the World Trade Organization (WTO), the U.S. Trade Representative announced changes to tariff rates for EU goods.  Beginning on October 18th, the United States will begin charging a...

© Copyright 2019 - Datex Corporation. All rights reserved.

Pin It on Pinterest

Share This