RTL Reliable Transportation More About Warehousing | Page 3

FIVE TIPS TO IMPROVE THE EFFICIENCY OF YOUR WAREHOUSE • Update Your Standardized Processes – As the supply chain industry continues to grow, you have to reassess the processes that you have been using in your warehouse. It is highly advisable to keep adjusting the processes to free yourself from the risk of obsolete information and standards. Standard processes are very important and they ensure there is maximum security and safety in the warehouse. Moreover, such processes improve the efficiency of the operation. You should also ensure that the training and onboarding of new members is simplified. • Eliminate Excessive Inventory – Excess inventory is one of the major drains on the profitability of warehousing processes. Due to this common problem, wholesalers end up purchasing huge amounts of a single product for significant discounts. This practice is a huge mistake because the excess inventory ties up money. This eventually leads to a huge drain in profitability. However this is a controllable issue. There are several ways in which you can reduce excessive inventory. One of them is to order large purchases to be delivered in small batches. This is among the most effective ways to help you improve warehouse productivity.