Top 10 Ways to Maximize Distribution Center or Warehouse Storage Space Utilization Without Expansion in order to save money and increase warehouse Return on Investment
Warehouse Management in Supply Chain Management
Warehouse Management is an important component within overall Supply Chain Management. Any business or company that needs to receive and store goods to sell will need a warehouse to perform many vital functions. Warehouse Management is the practice of tracking, analyzing, and improving all processes related to the movement of stock in, around, and out of the Warehouse. It includes planning and executing all aspects of the Warehouse and related activity.
Inventory and Supply Chain Management
Inventory management is a key element of the supply chain. It is sometimes confused with other related processes and practices of the supply chain ecosystem. Inventory Management is the tracking of inventory from raw materials to manufacturers, to finished goods, to distributors, warehouses (wholesaler or retailer), and from these facilities to a point of sale (end customer). The goal of inventory management is to have the right products in the right place at the right time.