4 Foundations Of A Successful Warehouse Operation

4 Foundations Of A Successful Warehouse Operation
One of the biggest challenges warehouse managers face is to run operations smoothly and effectively. In a competitive marketplace, trying to keep the business profitable also involves putting in place an efficient and safe warehouse operation. Otherwise, warehouse problems can arise and have an impact on the bottom line.

As such, foundational pillars must be implemented to ensure operational success. This will help to define your priorities and lay out the procedures needed to achieve the overall vision of a successful and profitable warehouse. Below, we share some of the fundamentals you should keep in mind.

1. Efficiency

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At the core of running an efficient warehouse are the technology and processes. With technology, you are provided with ways to automate repetitive tasks and improve the management of resources such as labour, equipment and space utilisation. Another benefit is to collect data consistently and reliably for demand forecasting, seek process improvements and make informed decisions. 

Warehouse optimisation is pivotal – you get to define, review and optimise your processes to identify areas of improvement for a more efficient process. There is no one process fits all solution, hence it’s important to check for efficiency regularly, at least once a year.

2. Accuracy

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For a warehouse to be successful, it must fulfil its role of receiving, storing and shipping goods to the right customer in a timely manner. But with the rising pressure to move inventory quicker at the lowest possible cost, the risk is that accuracy can get affected. For example, goods are shipped to the wrong customer or in the wrong quantities or at the wrong time.

Fortunately, the use of technology is available to catch up with these needs without being too expensive. Solutions like warehouse management systems and barcode scanners have become a necessity in the warehouse to help boost operation accuracy. At the same time, well-defined processes and employee training are also key to maintain accuracy in the warehouse.

If you’re looking to boost your warehouse’s capability to support your business activities, consider an additional warehouse space for rent. Our property at Tuas Vista offers units for warehouses as well as factory and workshop spaces, offering a strategic location for tenants specialising in construction, logistics and engineering activities. This 6-storey industrial building is located near Tuas West Road MRT station and accessible via AYE. The Tuas checkpoint is also nearby for convenient daily commute. There are 2 units available at 50 sqft and 407 sqft with 3.5m ceiling height and 15kN/m2 floor loading capacity. Other facilities include 3 loading bays, 2 cargo lifts, in-house canteen, 24-hour access and season parking.

3. Cost control

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While the objective of the warehouse is to store and ship goods, these activities should also be done at the right costs. As such, warehouse managers need to keep an eye on operating costs to ensure profitability. The most cost-intensive activities are typically storage and labour costs – where you will need to review and outline strategies to reduce or keep under control.

For instance, optimise your current warehouse space to make full use of what you’re paying for. Check if you have space to build your storage upward or decrease the amount of space between aisles to create one-way traffic for higher productivity. Warehouse workers can access both sides of the aisle and improve picking time to fulfil orders.

4. Health and safety

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Regardless of the size of the warehouse, safety shouldn’t be overlooked as the possibility of accidents happening is always present. The most common health and safety hazards include slips and falls, equipment accidents, strains and muscle sprains. Increasing the safety within your warehouse is not only the right thing to do for your workers, but it is also good for the business. Injuries and accidents can affect your warehouse’s efficiency and productivity KPIs as well as lower the overall motivation of your workers.

When you’re ready to expand your operations, look into a bigger space to carry out your storing and shipping activities. Our property at Space @ Tampines offers warehouse spaces for rent near other neighbouring industrial estates at Changi, Loyang, Tampines and Seletar. This 7-storey property offers an ideal business space solution for companies in Clean & B1 Light and B2 environments and those that require heavy and frequent warehouse logistic needs, with accessibility via Tampines and Pasir Ris MRT stations. At the ground floor, you can find numerous home furnishing and interior design companies open to the public, which brings a good volume of customer footfall. It is also located next to the highway and opposite major retailers like IKEA Tampines and Courts Megastore. Units range from 1,046 sqft to 10,683 sqft with 6m ceiling height and 15kN/m2 floor loading capacity. Other facilities include 24-hour access & CCTV, wide ramp-up, 40-footer access, 6 loading bays with dock levelers, heavy vehicle parking as well as season parking for motorcycle & cars.

Looking to secure an affordable workshop rental, or even an industrial space? Don’t miss our ongoing promotion where you can pay 50% less off your monthly lease for selected commercial and warehouse properties! Sign up before 31 Dec 2020. Terms & conditions apply.

If you wish to find out more about LHN properties info, feel free to contact us at +65 6578 9966 or WhatsApp us at (65) 8345 9966. Alternatively, you can email us at space.enquiry@lhngroup.com.sg.