Where will your warehousing operation be in five years? Research suggests that the answer to that question depends on how well your team is able to accomplish three important goals:
- Decrease your order turnaround time
- Eliminate shipment errors
- Increase your inventory accuracy
The last of these is perhaps the most important. Improving your inventory accuracy, even by only 1%, has tremendous business impact, influencing your pick-to-ship cycle time and reducing the money you spend on expediting orders.
These essential goals are challenged by the fact that warehousing operations are expected to grow in complexity over the next five years, with an average increase of 60% in SKUS expected by 2020.