𝑾𝒂𝒓𝒆𝒉𝒐𝒖𝒔𝒆 𝑺𝒖𝒄𝒄𝒆𝒔𝒔 π‘΄π’†π’•π’“π’Šπ’„π’”

Continuing from yesterday’s metrics let’s look at some more of them today which can turn our warehouse operations into state of the art thus giving desired deliverables for our businesses.

7. π‘ͺ𝒐𝒔𝒕 𝑷𝒆𝒓 π‘³π’Šπ’π’† π‘°π’•π’†π’Ž π‘Ίπ’‰π’Šπ’‘π’‘π’†π’… – The cost per line item shipped examines the microeconomics of logistics operation. This metric measures how much it costs to handle and ship one item out of the warehouse. It’s a good bit of data to have on hand because shipping one item means people, computer systems and how your warehouse moves products. Any increases in metric need a closer look so you can keep costs and prices down.

8. π‘»π’Šπ’Žπ’† 𝒕𝒐 π‘Ήπ’†π’„π’†π’Šπ’—π’Šπ’π’ˆ 𝒂𝒏𝒅 π‘·π’Šπ’„π’Œ π‘³π’π’„π’‚π’•π’Šπ’π’ – How long do you need to intake inventory? This metric measures the speed and efficiency with which your staff unloads something and gets product to its place in the warehouse. This ties into your truck time in the dock and days on hand.

9. π‘«π’‚π’šπ’” 𝒐𝒏 𝑯𝒂𝒏𝒅 – Days on hand is part of inventory turnover because it measures how much your storage costs build up over time. When products sit there for several days, it costs you money.

10. 𝑷𝒆𝒓𝒇𝒆𝒄𝒕 𝑢𝒓𝒅𝒆𝒓 π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• – Perfect order management indicates which links in the chain are broken, whether it’s procurement, production, transportation, labor or any stage of the warehouse process.

11. π‘­π’Šπ’π’ 𝑹𝒂𝒕𝒆 – The fill rate shows what percentage of orders you fill on the first shipment. This metric combines customer satisfaction and transportation efficiency.

12. π‘Ίπ’–π’‘π’‘π’π’š π‘ͺπ’‰π’‚π’Šπ’ π‘ͺπ’šπ’„π’π’† π‘»π’Šπ’Žπ’† – This metric measures what would possibly happen if you had no inventory on hand whatsoever. Then you determine how long it takes you to fill an order. When this time is shorter, you have better supply chain management.

13. π‘ͺπ’–π’”π’•π’π’Žπ’†π’“ 𝑢𝒓𝒅𝒆𝒓 π‘ͺπ’šπ’„π’π’† π‘»π’Šπ’Žπ’† – Your customer order cycle time examines how quickly a customer gets an order. The faster, the better, in this instance. If this changes, figure it out quickly.

14. π‘«π’†π’Žπ’‚π’π’… 𝑭𝒐𝒓𝒆𝒄𝒂𝒔𝒕 – Demand forecast is hard to predict, but analytics software helps. When you have accurate demand forecasts, you prevent bumps in the road with regards to pricing, capacity and whether to expand your operations.

15. π‘ͺπ’‚π’“π’“π’šπ’Šπ’π’ˆ π‘ͺ𝒐𝒔𝒕 𝒐𝒇 π‘°π’π’—π’†π’π’•π’π’“π’š – In the big picture, your entire warehouse makes money based on this KPI. The carrying cost of inventory measures how much it costs to store inventory over a period of time. This factors in energy costs, labor, down time, shipping, freight and insurance.

Continued tomorrow as well. Till then for all your warehousing issues and supports for them do connect withΒ Synergeze Consultants Private LimitedΒ as we are the doctors of warehouses and will enable you to get rid of any issue and improve all metrices.

#gccoachΒ #warehouse_managementΒ #warehouse_KPIs

Small businesses at times seems to be ignoring many a thing, by just treating them as one more jargon in this new age of super complicated words and synonyms. Process Re-Engineering can be a game changer to businesses, as it can perform miracles on a failing or stagnant company and open new doors for a company on steady path of growth. However, the process is tricky and needs some pain-killers to supress the pain of change and pain of tearing down what we are used to and feel comfortable with. If ignoring this was a mistake, the next big mistake could be to settle for a cheap and basic process re-engineering tool in absence of an expert guidance. It could be that you tried saving a cent and lost a dollar. We atΒ Synergeze Consultants Private Limited, help businesses to implement the changes in an ongoing manner without effecting the current operations in any way and yet delivering the desired results. To learn more about our standardised approach which is customized for every single business please reach out to us. If you wish to be more profitable and save on all forms of costs – Your destination is our name – Synergeze Consultants Private Limited.
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