Stock optimisation a priority
According to a survey of warehouse operators carried out for WMS provider Access Group by Redshift Research, almost 40% of UK companies with stockholding operations rank stock level optimisation high on their priorities, being keenly felt mostly by larger companies and, surprisingly, by those firms not running a dedicated Warehouse Management System (WMS).
The survey and accompanying whitepaper, ‘Space and stock: the financial frontier’ suggests many businesses without WMS are missing out on a relatively easy route to reduced cost and improved service because they are unable to optimise stock levels and space usage.
The key finding highlights that business maturity may have a large part to play. Larger, more established businesses tend to have established and robust processes from point of order to point of despatch: with these in place, stock level optimisation in relation to order and volume patterns is an obvious next step, with clear benefits for cash flow amongst other criteria.
