Managing warehouse inventory is becoming a more important component of company supply chains, especially as shoppers use more outlets than ever to make and receive purchases. While clients once could make a trip to the store and buy an item, they now can opt to make a purchase on the web and have their merchandise delivered to their home, or even shipped to a nearby store. In recent years, mobile shopping is also becoming a trend, and shoppers can browse inventories from anywhere they have smartphone reception and choose to have their products delivered or pick them up in person.
Managing warehouses as shipping strategies change
While consumers may enjoy having a growing number of options, the increasing complexity could prove to be problematic for businesses that aren't prepared for such plans. Having the right warehouse management tools that can effectively react to demand changes, multiple shipping possibilities and cope with any inventory difficulties that may arise from manufacturing problems or logistics and natural disasters is essential.
Corporate warehouses no longer can get away with merely shipping items to individual stores as their stock runs low. They must now be prepared to handle shipping goods to stores if consumers desire an in-store pickup, sending packages to consumer homes and accepting order data from multiple systems, including brick-and-mortar stores, a company website and potentially social media platforms.
In order to handle these new options and ensure customers and physical stores get the correct shipments in a timely fashion, it is important for companies to update their warehouse management processes and ensure optimized practices are in place. Without the right management policies, a company could find its storage areas are unable to ensure timely shipments or guarantee consumers get the right items, which could lead to product shortages or potentially damage a firm's reputation with clients.