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Demand planning is a critical element of managing multiple warehouses effectively.īy forecasting demand trends and ensuring your fill rate is high, you can keep your customers happy and minimize stock-outs. It is best done in tiers once for your business as a whole, and once for each warehouse. Here are four important elements of handling multiple warehouses:ĭemand planning is the science of ensuring your warehouse can process all of the goods your customers are buying. That’s why a powerful strategy and appropriate software is essential in managing multiple warehouse inventories.

Read more about what is warehouse if you're just starting.Īs you can imagine, overseeing numerous warehouses is exponentially more complex. 4 Key Elements for Multiple Warehouse Inventory ManagementĬalculating all the details needed for one warehouse is already a big responsibility. Want to better organize your warehouse, inventory, and individual products? Get our FREE SKU Generator Template. Whether you take physical counts of inventory or have an automated process in place, this maintains a streamlined flow of goods in and out of your warehouse and reduces dead stock.

Update your inventory levels or use a perpetual inventory system to handle it automatically.

The important thing is to make sure all sales channels talk to each other so orders are not duplicated or lost between systems. This is also referred to as an eCommerce platform. While some businesses only sell through their brick and mortar storefront, others may also sell through a wholesale marketplace or eCommerce software.

Maintain an efficient means of order processing.

Be sure to use an inventory management process that suits your business needs. Using warehouse inventory management software or an inventory cycle count are both viable strategies.

Have a system to monitor inventory at all times.

Whether a product was received, unloaded, or shelved, your staff should know exactly where to find products at any time. Having an electronic record of each product's SKU number and UPC code helps a lot.

Develop a floor plan that shows all the areas where products are stored.

If you haven’t mastered your own warehouse’s process yet, you can use the following as a launchpad: Having a repeatable process for your warehouse inventory is necessary to achieve these objectives. Efficient inventory management includes reducing unnecessary costs and eliminating dead stock.

Storing your products efficiently is important regardless of the size of your warehousing.

This is a crucial function of all types of eCommerce businesses, as the organization of your inventory makes high profitability possible. Warehouse inventory management is the process of tracking, organizing, packing, and shipping products in a warehouse.