Some Tricks to Maximize Storage Capacity
The warehouse space is often very expensive, so it makes sense to make the most of its storage capacity to reduce handling costs and increase efficiency in materials handling. Making some changes to the activities and warehouse equipment can repay the efforts through big savings. Here are some tips to make the warehouse even better.
Improve demand forecasting and inventory management
Inaccurate forecasts lead to an excess of stock in the warehouse which complicates its management. If you are using only spreadsheets to make demand forecasts, you absolutely must consider adopting a more sophisticated solution. In fact, modern forecasting software is based on best-fitting algorithms (which are able to best approximate the demand curve through the comparison with complex curves) and are able t...