Are you reluctant to get a new storage facility for your inventory due to the challenges of multi-warehouse management? Rejoice! Because the need for a new storage space means your business is thriving. You are on the right track. As far as multi-warehouse management is concerned, we are here to guide you through the process. Multi-warehouse inventory has its perks as well as challenges. But the mix of the right strategies and tools will make multi-warehouse inventory management a piece of cake. Let start with the pros of multiple storage houses.
Why get Multiple Warehouses?
Storage facilities in different locations have some benefits.
- Fast Delivery Services
Having warehouses spread across your target customers’ area speeds up order delivery.
- Lower Transportation Costs
It also minimizes transportation costs effectively. If the storage place is near the customer, transportation is easier and cost-effective.
- Need-based Stocking
Multiple warehouses also help stock the appropriate number of products in the area of demand. For instance, if a product X has 80% more demand in New York as compared to Los Angeles, you can stock the product in New York warehouse in higher quantities. Thus, avoiding stockouts and ensuring fast delivery.
Some Challenges of Having Multiple Warehouses
Here are some major challenges that multiple warehouses bring along.
- Management
Managing stocks in multiple warehouses is a demanding task. Maintaining the product count and tracking items in multiple warehouses can be a real hassle without the right tools and management strategies.
- Communication
Warehouses are usually located at some distance and maintaining proper communication between warehouses becomes a challenge. Proper communication is imperative to streamline warehouse operations.
The Right Way to Manage Multiple Warehouses!
Managing multiple warehouses effectively is undeniably a challenge. But the combination of the right tools and strategies makes multi-warehouse inventory management easy. SeeBiz Inventory is a robust inventory management software with multiple warehouse management options. It manages multiple warehouses effectively. It has plenty of features to make multi-warehouse management easy. Here are some practical strategies to manage multiple warehouse inventory with SeeBiz Inventory.
- Centralized Data Access
Easy access to business data holds prime importance in multiple warehouse inventory management. Centralized data is important to streamline warehouse operations. SeeBiz Inventory is a cloud-based software that records the data of multiple warehouses. It collects the data in a centralized system and provides easy access to warehouse data. Moreover, the data is supported by strong security and backup system.
- Keep Tabs on your Best Sellers
Keeping a close eye on the best-selling products works wonders for business growth as well as management. SeeBiz Inventory is a multipurpose tool that not only provides insights into sales but also forecasts the product demand. It records the business sales and purchases and provides reports of business performance for a specific time period. SeeBiz Inventory also helps identify the best-selling products and the areas with the most demand for an item. This information allows you to stock the in-demand products in the right storage locations. This approach cuts transportation costs and ensures fast order processing.
- Real-Time Inventory Tracking
Real-time data is a very important factor in multi-warehouse inventory management. Continuous tracking and data collection ensure that all the warehouses stay on the same page. This is the best way to synchronize and update the data from multiple warehouses. SeeBiz Inventory tracks each and every item in the inventory in real-time and records any changes in the system. You can manage real-time data and orders at anytime from anywhere in the world.. You can create purchase orders, issue bills, and generate invoices easily from potentially anywhere in the world.
- Seamless Communication
Inventory management in multiple warehouses depends mostly on communication. Strong communication between multiple warehouses is important to run warehouse operations smoothly. SeeBiz Inventory allows you to import, export, and synchronize all your contacts in the system. It not only simplifies communication with vendors and customers but also enables strong correspondence between the warehouses. The users can access and analyze warehouse information within the inventory.
- Optimize Warehouse Layout
The arrangement of goods in warehouses play a significant role in business efficiency. The warehouse structure affects order processing. If the best-selling products are placed close to the packing facility, handling order would be easier. But if the goods are not arranged in the order of their demand, order processing would become an arduous task. SeeBiz Inventory allows you to identify the top-selling products and help change the warehouse layout according to the best-selling products. The warehouse layout changes business efficiency. It improves order processing and minimizes order handling time.
- Balance Stock Levels
Each area has different product demands based on the customers’ requirements. Having the right number of items in different warehouses allows the company to handle more orders at lesser times. SeeBiz Inventory provides insights into the customers’ demands. Moreover, it also predicts the demand for products in a specific area. You can balance the stock in different warehouses according to their demands. This approach improves order handling and increases the overall revenue.
Summing Up the Discussion
SeeBiz Inventory facilitates multiple warehouse inventory management in all possible ways. It’s the right choice to manage your inventory in multiple warehouses. In addition to its unparalleled features, SeeBiz Inventory is very easy to use. Above all, it’s free for the first three months. You can explore all its features without any exception in the trial period. Use the tool and improve your business efficiency.
