Sertrans Blog - What is Warehouse and Stock Management?
The transportation and logistics sector has become very dynamic with the development of the digital world. One of the most fundamental developments in the last few years is warehouse and stock management, which offers great convenience to businesses. A smooth and professionally managed warehouse and stock management provides many advantages to the business. Of course, it is extremely important to make management using advanced software and technologies, to make sense of data according to business needs and to have ready stocks at any time according to supply / demand.
Importance of Warehouse and Stock Management in Logistics
Storage is an essential requirement for many businesses that manufacture, export and import goods. Warehouse and stock management is seen as an unnecessary expense for many businesses. However, in fact, the management of processes that run smoothly is among the main functions that enable the business to gain profit by increasing efficiency. Warehouses, whose stocks are tracked synchronously, provide more professional control over the inventory, helping customers to reach the products on time, helping to generate higher revenues. Indeed, when an order is received by the customer, the journey is actually just beginning. If the product and its quantity ordered by the buyer are not properly evaluated within the stock management, the speed of supply and efficiency will decrease.
Periodic changes should be taken into consideration while making an effective warehouse and stock management. It is also necessary to constantly review the warehouse layout and keep the stock records in the most up-to-date manner. While doing all this, of course, taking advantage of the inventory management technologies facilitated by the digital world provides significant advantages.
Stock Management Technologies
"Are there any products in stock?" In order to give an immediate and clear answer to this question, it is extremely important that stock management is done in an uninterrupted and synchronized manner. Since it is almost impossible to do this manually in businesses with large product volumes, some advanced technologies can be used in this area. In this context, real-time data software can be preferred to meet the increasing expectations and to connect retail businesses with partners throughout the supply chain.
Availability of products and instant access to logistics processes mean customer-focused vendors can better manage their own stock levels. In this context, full retail automation software is available. These software use the method of data collation from the point of sale to keep track of the stock at the brand sales points or distribution sites. There are also software available that automate inventory management for cycle counting and manage time slots to increase delivery accuracy.
With the increase in autonomous systems, drone-like vehicles using GPS navigation in order to make effective stock management can implement barcode reading systems in large warehouses. Similarly, stock tracking systems using the radio frequency identification (RFID) system work by reading and labeling a unique code identifier microchip for each product. In this way, even in a warehouse with tens of thousands of products, the sought product can be found simply.
E-commerce and Stock Management
E-commerce businesses are more advantageous than physical businesses in viewing and tracking data by bringing in processes faster. However, when transactions begin to diverge from the boundaries that can be tracked and thousands of data have to be processed, things can get complicated. Therefore, warehouse and stock management is an issue that should not be taken lightly. In general, it would be appropriate to explain the stock management of e-commerce sites through the 3 most common problems.
Working with multiple sales channels and warehouses
When you start e-commerce, you start with a single sales channel and a single warehouse for your stocks. However, as your business grows, the sales channels and the number of warehouses will also increase. For this, it is necessary to follow many processes such as the number of products in the warehouses, how much stock is left in each of the warehouse and stock management through a suitable system.
Overselling and overstock
There are many problems that can be encountered in warehouse and stock management. However, situations such as excessive sales or stock accumulation are among the common problems e-commerce sites encounter. Excessive sales times pose a risk to customer experience and satisfaction. Excessive storage means damage from products that can deteriorate in a short time or are relatively unstable. For this reason, warehouse and stock tracking must be done in real time. And multi-function follow-up is required to prevent the negative consequences of these situations.
Missing data analysis
Accessing stock data and making sense of this data are different things. To give an example, it can be helpful to know how long a product is left in your possession. However, information such as the availability of this product, the amount in the warehouses, how much inventory is seen in which sales channels provide much more advantages. In particular, you need to interpret your business data deeply to identify e-commerce trends and capture time-sensitive opportunities.
Large Stock Capacity and Benefits
The importance of companies having a large stock capacity and monitoring it can be summarized as follows.
- To meet the changing needs in a timely manner.
- Taking measures against fluctuations in supply and demand.
- Uninterrupted and correct operation of production
- Profitable investment during periods of increased inflation
- Offering discounts for large purchases
- Lowering the cost of mass production.
In addition to its large stock capacity, you can get support from the professional talents and experienced team of Sertrans, which has more than 10 years of experience in the e-logistics sector, in all your warehouse and stock management operations. You can experience the privilege of working with the leader of the industry with a 99.9 percent on-time delivery rate to cargo, a packaging capacity of 140 thousand pieces per day, and an e-com storage capacity of 6 million items in the normal period.