Managing inventory is an important part of the progress of every business. But many business people do not manage this well when it comes to products that are sold. So that business can run smoothly, then you must know how to manage the stock of goods in the warehouse properly. If not, this will cause problems to arise which will disrupt your daily business operations and business services. As one of the special facilities that are permanent, the warehouse is designed to help achieve the target level of good service with the lowest total cost. The warehouse also becomes the logistics system of a business that functions to store products and provide information on the status and condition of the products stored until the goods are requested according to the production schedule.
Benefits of Managing Goods Stock
Speaking of production schedules, of course in the warehouse there is the term Warehouse Management. This means that it is an arrangement to manage warehousing and distribution of goods so that the goods stored remain in good condition and distributed to the requesters or customers at specific times and in the right amount. Benefits of a warehouse management include:
Logistics and equipment management.
Improved distribution services.
Providing data and information that is accurate, current and accountable.
Facilitate access to control and supervision.
Control the administration process.
Tips for Managing Goods Stock in a Warehouse
Management or management of stock in warehouses, if simplified, is indeed a place to receive, store and remove goods from a business or company. However, that does not mean it can be easily done. There are some special tips and tricks that need to be considered so that the management of stock items in the warehouse can be done easily as follows:
1. Have enough storage
When you want to organize and manage stock in a warehouse, make sure you have prepared a special place to store the stock of goods. Although your business is relatively small, but you should have prepared a special place to hoard stock. If it’s not enough, then you can use a storefront, warehouse rack, or use used items such as cardboard to store merchandise inventory.
2. Prepare accurate data
The main points that will be used and needed in all matters relating to management are of course accurate data. When you want to start managing stock in a warehouse, make sure you have assigned at least one special person responsible for carrying out all types of records, such as keeping inventory of incoming and outgoing goods. In terms of collecting data, a person responsible for recording can be assisted with a support program so that the resulting record is more accurate. The goal is that you know in advance the data from the previous period, then determine marketing targets and sales forecasts or forecasts in the current period. Even though some distributors or manufacturers have used a pre-order system and incoming order data will be used as a basis for determining inventory figures.
3. Make a forecast inventory
After collecting input and output data of goods, the next step is to make a forecast or forecast of inventory stock. You can start from the amount of inventory needed in this period. This is not an easy step especially if you have sales of various types of products, because you have to determine the amount per item that exists. The calculation will be easier if your business is assisted with a sales management system and the right inventory. Through this system, you can make inventory management in a concise and complete manner, ranging from reducing, adding, and moving stock can be controlled better.
4. Provide item code
Giving a code on each item will greatly help you when selling goods. So that you and the customer will not feel confused when making a transaction. If your goods are not given a code, then each transaction will feel more difficult and can reduce the image of your company in the eyes of consumers or customers. In addition, giving a code will also help you when arranging goods in the warehouse.
5. Separating new stock and old stock
Mixing up new and old stock will only make you confused when going to record and check stock. Therefore, you should separate the old stock from new stock.