When you consider the warehouse operations at your company, the first thing that pops into your mind probably isn’t data analytics. But as businesses around the world are looking for ways to find an edge over the competition, collecting and analyzing the correct warehouse data could be the missing factor.
Read on to find out why your business needs warehouse data, what to consider when choosing the right platform, and how that data can work to optimize your facility.
Why Your Facility Needs Warehouse Data and Analytics
You may not have the same capacity to fully streamline your warehouse operations in the same way as distribution giants like Amazon, but the changing landscape of the logistics industry still requires your business to step into the digital age across all departments, including the warehouse.
Digitize your warehouse by Implementing or updating your warehouse management system (WMS). A WMS can reduce manual tasks, automate warehouse operations, and provide data that will help your business improve inventory accuracy, prepare for upcoming busy seasons, and keep your warehouse running efficiently.
Choosing and Implementing the Right Platform for Your Business
Prior to selecting a new WMS, first consider your goals for the overhaul. Are you trying to improve inventory management? Is increasing efficiency while preventing inventory loss your top priority? Would a cloud-based system be best for your business? Answering these questions will help narrow your search for the right WMS to fit your needs.
While a WMS provides invaluable data, it’s important to note that implementing a new system does require a significant amount of time, patience, and a lot of planning using the last 12 or so months of order history. Front-end planning will help your team build a system that not only collects data, but tracks the correct data that will truly benefit your business.
How to Make the Data Work for You
Now that your WMS is up and running, it’s time to understand how to make the data work for your facility. Real-time information helps managers monitor their current operations by evaluating how team members are spending their time, and assessing the warehouse layout.
Pulling the correct data lends itself to predictive action as well, giving managers the foresight needed to catch potential problems before they unfold. WMS data can help determine how quickly products are moving and when to replenish stock, and also warns when you’re running the risk of overstocking. Look back on past data to identify trends to see what’s working and what needs improvement.
Data collected from your WMS isn’t limited to business planning and inventory. The correct data can even help determine the optimal warehouse space and layout for your business, helping maximize available space and enhancing employee productivity.
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Not sure how to maximize your WMS data? Can’t keep up with demand despite the analytics? Acción Performance can help. With extensive experience serving the unique challenges and peak seasons in third-party logistics, consumer goods, and printing, we provide project-based solutions available on an hourly or cost-per-unit basis.
Reach out to one of our representatives to learn how Acción can take your business to the next level!