In 2018, globally, the logistics market value reached a whopping US$4,730 billion. Statistics show that it will continue to grow by 4.9% by the next four years. However, some logistic companies have witnessed declines in their productivity. In some bench-marking surveys, measurement of key metrics such as the number of processed orders has been fairly constant, while sales processes are also declining. To prevent this reduction, here are the top 9 ways to increase the productivity of your warehouse business.
- Routine auditing
- Utilize cubic space efficiently
- Make sure sufficient products are available for pickers
- Use barcode technology
- Outsource tasks or hire machines
- Hire good frontline managers
- Optimize your supply chain
- Avoid procrastination
- Practice lean warehouse operation
To ramp up productivity in your warehouse business, entrepreneurs need to focus on key aspects of their business operations. The tips mentioned in this article are just a few ways to go about it.