Reduce space wastage
Get rid of slow-moving inventory
Match the warehouse workload to the employee capabilities
Make the quest for profitability a continuous improvement process
Set up an effective warehouse management system. This increases productivity by closely monitoring whether or not the strategies put in place are actually working or not. Set objectives, create an enabling environment, monitor progress and identify any kinks that need to be worked on. Employee feedback is essential as it provides access to qualitative insights. Closely monitoring the effectiveness of strategies put in place allows you to make changes where necessary ensuring your business stays profitable at the end of the day.
Achieving a profitable and efficient warehouse entails formulating strategies that acknowledge the available resources while also factoring in other variables. Other aspects such as your choice of location can weigh in heavily on whether or not your operation will be profitable. A thorough review of the labor resources available in the area surrounding your warehouse can give you an advantage in your operations.