Warehousing and logistics are two different sides of the same coin. Warehousing is the safe & economical storage of goods, inventory, information, etc. within a specified area or building.
Logistics is generally the detailed organization and implementation of a complex operation in different management tomes. In a general business sense, logistics is the art of the flow of things between the point of origin and the point of consumption in order to meet the requirements of customers. Warehousing is a subset of Logistics. Out of the Last Mile Delivery, transportation, Insurance, Trade facilities warehousing forms the most nimble yet Physical infrastructure that can make or break organizations Resources and Information.
A Warehouse is a commercial building for storage of goods and it is a large building where raw materials or manufactured goods stored for distribution for sale & A warehouse provides a central location for receiving, storing and distributing products
.Warehouse Functions Include:
2. Receiving & Checking inbound goods
3. Internal product movement
7. Stock Rotation
9. Loading & Shipping
10. Cycle Counting
12. Handling Returns
13. Maintenance & Loss Prevention
What Is Warehousing Logistics?
Getting your products or services from supplier to consumer is business logistics. It involves everything from acquisition from wholesalers and suppliers to manufacturing, storage and delivery to customers. It is imperative for every business owner to have a strong understanding of his logistics systems to ensure he is maximizing profits and is able to give customers the most positive experience possible.
In the simplest possible terms, logistics may be defined as the DETAILED PLANNING, ORGANIZATION, MANAGEMENT & IMPLEMENTATION OF COMPLEX OPERATIONS.
In many industries, including warehousing, logistics also extends to the flow of both physical goods and information. Warehouse logistics, therefore, encompasses all the varied, complex factors – organization, movements, and management – involved in warehousing. In fact, it is a one-stop solution to all the manufacturing needs.
This can be seen as a complete process flow of any manufacturing organisation-of physical inventory, as well as that of more abstract goods, including information and time.
Though this might seem simplified this can be a smooth desired results if collaborated with the right logistic partners. At TransHUB we understand your collaborating needs to choose the right warehousing & supply chain logistic service partners, as there can be numerous challenges the list of a few mentioned below.
Challenges of Warehouse Logistics
Common warehouse logistics challenges revolve around organization: Simply put, how can you achieve detailed control over something as large as a warehouse?
Warehouse challenges run even deeper than these immediate concerns, extending into inventory management, cost controls, human resources, risk management & security of the goods are among the other factors to be taken into cosideration.
So, how can you achieve enough flexibility to stay competitive, while maintaining adequate offerings to please customers, while still exercising sufficient controls to protect your revenues?
These are the burning questions in any manufacturing company, facing challenges in-concern with the warehouses today.
So How Do We Improve Warehouse Logistics?
It’s indisputable: warehouse managers have a lot to take care of. Luckily, you also have increasingly helpful, incredibly powerful tools to help & meet the needs of the warehouse, the requirements of the employees, and the expectations of your customers.
What Are The Benefits of Warehouse Logistics?
The benefit of controlled warehouse logistics in terms of monetary Gains is – increased revenue.
When the warehouse operations run smoothly, inventory is properly accounted for, the right item is sent at the right time, the stock is replenished when needed, fewer picking errors occur, and all the people, processes, and systems fall into place as they should, the warehouse operates more efficiently. There are fewer errors and fewer problems, and that means maximized revenue.
When you implement a solid WMS (Ware House Management System) to control the warehouse logistics, for you:
This Ensures accurate, real-time inventory counts: Know how much inventory is existing – and its specific location within the warehouse.
This in turn decrease returns: An accurate look at the stocks & inventory means sending the right item, the first time.
This Further Helps Auto-replenish stock: This, in turn, helps that you don’t have to wait until you’re out (or nearly out) of stock to order more, the WMS auto-replenish inventory helps when stock levels get low.
In Turn, Maximizing The warehouse space: Some WMS automate warehouse routines (ex. stock rotation and picking), which means lesser floor space for workers, which in turn means updated inventory, fewer investments & better returns.
Till now you have a better & a clearer picture of the inventory, warehousing & logistic services inflow of the whole process as a new venture. To whom with you can partner, at TransHUB, we help you to choose the right logistic partners & warehousing channel partners to cater to you all your needs.
If you still have queries related to connecting with the right partners do write to us.