• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • ABOUT

The Fortunate Investor

Investing, Business, Saving, Debt, Money, Retirement, Taxes and Family Finances

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » 5 Ways To Upgrade Your Warehouse

5 Ways To Upgrade Your Warehouse

February 7, 2023 By The Saving Gal | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

5 Ways To Upgrade Your WarehouseWarehouses are used in a range of industries from manufacturing to e-commerce for storing stock and inventory. The efficiency of your business could be dependent on the efficiency of your warehouse – an inefficient warehouse could result in costly errors or slow deliveries. Over the last few decades, customer demand has greatly increased and warehouses have had to make big changes to keep up. By investing in some of these warehouse improvements, you could increase your company’s efficiency and return. Pallet Racking Suppliers Ltd is a seasoned provider of pallet storage solutions, having installed thousands of systems over the course of more than 20 years.

Embrace a lean inventory

A lean inventory involves only stocking what you need. This can make your inventory much easier to manage. Alternatively, it could allow you to expand your inventory by storing smaller amounts of each item. Consider items that are sitting gathering dust on shelves – make a habit of ordering such stock in smaller quantities or not ordering it at all if it’s not getting used as isn’t for emergency purposes. 

Optimize your layout

Items should be laid out in a logical pattern that makes them easy to locate. This could include storing items that are often sold or used together in the same section for easy access. You should also focus on creating a sense of flow throughout the warehouse so that there aren’t bottlenecks. This could include trying to create a circuit instead of a maze of dead ends. On top of this, focus on using more vertical space and less floor space so that getting around the warehouse is easier. WMS software could help you to find the best layout. 

Switch to mobile pallet racking

Floor stacking is the most traditional and affordable way of storing palettes. However, switching to pallet racking allows you to use more space, making it more efficient in the long run. One way of further upgrading this style of pallet racking could be to switch to mobile pallet racking. By fitting pallet racks on fixed tracks on the floor, you can then densely pack them together, optimizing even more space in your warehouse. 

Start using RFID readers

Radiofrequency identification (RFID) readers can be useful for reducing stock-keeping and picking errors. In fact, one study found that RFID readers increased inventory accuracy by 27% in a matter of weeks. They allow you to easily keep track of each item and its location, by scanning a tag on the item at every stage of the process. It’s much more efficient than manually keeping count of your inventory.  

Make full use of WMS software

Warehouse management system (WMS) software is often used alongside RFID readers to easily track each item. However, this software can be used for so much more. With the right software, you can generate efficient picking plans and find the most cost-effective and convenient location for every item. Spend some time getting to understand your software and what it can do for you. If you’re currently using old software, consider whether it’s worth migrating to newer software in order to take advantage of the latest capabilities that this technology has to offer.

Primary Sidebar

Popular Articles

Micro Investing Options Infographic

Micro Investing Apps: The Best Platform For 2023

What are micro-investing trends? Apps are powering micro-investing! Have you been wondering about … Read More about Micro Investing Apps: The Best Platform For 2023

The Price of Privledge: Anxious Teens With High Expectations Of Themselves

The Price of Privilege: Anxious Teens & Parental Pressure

Good Enough Is Great For Kids There is a famous quote by psychiatrist D.W. Winnicott: … Read More about The Price of Privilege: Anxious Teens & Parental Pressure

Ways to Save Money for a Down Payment on a Home

12 Ways to Save Money for a Down Payment on a House

Home ownership is a goal that many aspire to achieve. The home ownership rate in the United States … Read More about 12 Ways to Save Money for a Down Payment on a House

How to Liquidate Your Estate Quickly The Ultimate Guide

How to Liquidate Your Estate Quickly: The Ultimate Guide

Quick Estate Liquidation 101: The Ultimate Guide Liquidating an estate can be a complex and … Read More about How to Liquidate Your Estate Quickly: The Ultimate Guide

Getting Started in the Stock Market

Getting Started in the Stock Market

Getting Started in the Stock Market When we think of investing, we often think of the stock market. … Read More about Getting Started in the Stock Market

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
YOUTUBE

Copyright © 2023 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service