Name: Saad Mahmood

QUIZ 4

Q:1) How effective warehouse management improve supply chain

performance?
Warehouse management plays an important role in supply chain as it allows for optimization
of warehousing processes and helps ensure overall inventory profitability. Since inventory
holding ties up a lot of cash, proper management is necessary to keep costs minimized. It also
allows you to gain a detailed overview of supply chain operations. Here’s what you can do to
enhance your warehouse management:
1. Pick an Appropriate Warehouse Categorization Method
Since inventory consists of a vast array of items, it is extremely important to have a concise
and user-friendly structuring system to your warehouse. The categorization system you
choose needs to reflect the nature of the products you deal with and the type of industry you
cater to.
2. Leverage Technology to Improve Inventory Management
The fundamental principal of inventory management is to have enough stock to be able to
satisfy the consumer demands. But in order to ascertain the right amount of stock, you must
have a detailed log of past transactions which you can access easily. Monitoring reorder
levels is also important as lack of inventory in situations of increased demands can lead to
customer dissatisfaction.  Implementing an Inventory Management System is a great way to
keep track of your inventory and historical data and has the added benefit of generating
performance reports.
3. Integrate Mobile Technology
If you are considering implementing an Inventory Management System in your warehousing
plan, you must also consider the option of mobile integration. By using a dynamic inventory
management system, your sales team will be able to access real-time, accurate inventory data
and information, thereby improving customer service levels and brand value. Mobile
integration also provides the additional benefit of allowing the warehouse staff to raise alerts
in case of low stock levels using the software, allowing the inventory manager to plan
replenishment.
4. Upgrade the Shipping System
Apart from enhancing the inventory management process to bring about efficiency, you must
also look for ways that automate and/or speed up the process. One place to start is by
updating any and all shipping and transportation systems that aren’t accommodating your
current needs. This could mean you might have to invest more in process oriented technology
such as smart conveyor belts or even machine bots that can be pre-programmed to handle
stock.
6. Strengthen Supplier Relationships
Warehousing not only involves effective management of inventory but
also the supplier. There are always surprises in the supply chain, and suppliers can be very
late with product deliveries or even deliver the wrong shipment. A warehouse management
system can solve this problem by creating a centralized, easily accessible log of all the
supplier related information, allowing the warehouse manager to audit supplier related
operations effectively