𝑾𝒂𝒓𝒆𝒉𝒐𝒖𝒔𝒆 𝑺𝒖𝒄𝒄𝒆𝒔𝒔 π‘΄π’†π’•π’“π’Šπ’„π’” (concluding post of the series)

Having seen some 15 metrics already let’s look at some more and by no means they are less important as coming in the end. They may not be directly related to warehouse but of your business and its strategy, but remember they can have adverse impact on your overall business and warehouse cannot remain untouched from it. Hence i am including them here

16. 𝑹𝒂𝒕𝒆 𝒐𝒇 𝑹𝒆𝒕𝒖𝒓𝒏 – The rate of return gives you a chance to determine why customers return things. Knowing why lets you solve the problem of too many returns quickly.

17. π‘«π’‚π’šπ’” 𝑺𝒂𝒍𝒆𝒔 π‘Άπ’–π’•π’”π’•π’‚π’π’…π’Šπ’π’ˆ – How quickly do you receive payments from customers? Fewer days outstanding means your accounts receivable department is efficient and collects money quickly. Though this may not be directly related to warehouse operations however it does have an impact on many facets indirectly. So this metrics of business also impacts warehouse as well.

18. π‘­π’“π’†π’Šπ’ˆπ’‰π’• π‘ͺ𝒐𝒔𝒕 𝑷𝒆𝒓 π‘Όπ’π’Šπ’• – The freight cost per unit talks about transportation costs. Try bundling orders together to lower your shipping costs.

19. 𝑢𝒏 π‘»π’Šπ’Žπ’† π‘Ίπ’‰π’Šπ’‘π’‘π’Šπ’π’ˆ 𝑹𝒂𝒕𝒆 – Your on time shipping rate leads to happy customers who are more likely to order more items from you in the future. When this number is high, you have a great relationship with a transportation firm.

20. π‘ͺ𝒂𝒔𝒉 𝒕𝒐 π‘ͺ𝒂𝒔𝒉 π‘ͺπ’šπ’„π’π’† π‘»π’Šπ’Žπ’† – The cash to cash cycle time measures days between paying for something coming into your warehouse before it gets shipped out. When this time is lower, your materials spend less time in the warehouse.

Now for sure many of these metrics needs resources to be managed, but in today’s time WMS have been instrumental in providing all these data in a click. However still to look at the data and derive meaning out of it and then to take actions we need experts in warehouses and there is seriously a shortage of such experts in the warehousing domain in the market.

If you wish to manage efficiency at your warehouses still without bringing onboard a scarcely available expert, then your search ends atΒ Synergeze Consultants Private LimitedΒ as we are yourΒ #executionΒ based partners in the domain ofΒ #supply_chainΒ andΒ #warehousing.

Hope this series helped you to understand some KPI’s and as a user to appreciate the hard work and measurements that goes behind everytime you place an order or buy something from a store.

Do let me know in comments if this added any value to your understanding of the logistics behind fulfillment of your needs.

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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