Characteristics of Warehouse Management

Characteristics of Warehouse Management

Inventory is one of the primary aspects of every organization in the modern world. Therefore the must be a proper management system for inventory. Characteristics of a good warehouse or warehouse management system are given below;

1.    Speed Stock Issuance & Receipt

Warehouse must be managed in way that it ensures speed issuance and receipt of inventory.

2.    Location of all items known

Location of all items must be known to the store manager or other relevant persons. It means that every item should be physically verifiable anytime by the auditor or other authorized person.

3.    Suitable Environment is must

Inventory should be kept in suitable environment. Any careless approach in this regard can bring huge losses to the organization. Suitable environment includes required temperature etc.

4.    Secured Access & Environment

Inventory should be kept in a secured environment .it must be ensured that only authorized people should handle the inventory. Unauthorized person should not have access to the warehouse.

5.    Efficient use of Space

Efficient use of space is critical for almost every warehouse; otherwise a new storage facility would be required.

6.    Stock level alert System

Store manager must be alerted for shortages (reducing level of stock). Maintenance of appropriate level of stock is very critical for operations/production.

7.    Accurate Recording

System and control must be in place to ensure accurate recording of issuance and receipt. Accurate recording is an effective tool of inventory management.

8.    Stock Handling

Appropriate mechanism should be placed within warehouse for stock handling. Improper handling can not only damage the stock, but also raises the safety issues.

9.    Safety Mechanism

Safety mechanism is also essential requirement for a good warehouse management. Safety issue can bring high fines.