Warehouse management is a term that refers to the processes and systems that optimise warehouse functions from the time goods or materials enter a warehouse until they move out. This part of the supply chain primarily aims to control the movement and storage of materials within a warehouse and process the associated transactions.
Key Components of Warehouse Management
Warehouse management is comprised of several components:
- Receiving: This is the first step in warehouse management. It involves the receipt of goods from a supplier, checking it for accuracy and entering the details into a Warehouse Management System (WMS).
- Put-Away: After receipt, goods are then stored or put away in a designated location. This needs to be done in a way that optimises space and allows for easy retrieval.
- Inventory Management: This involves tracking goods in the warehouse. It ensures that there is neither an excess nor a shortage of stock.
- Picking and Packing: These are the processes involved in locating and selecting items from warehouse storage to fulfil orders.
- Shipping: This is the final step in warehouse management. It involves packing orders for shipment and arranging for their delivery.