From the course: Supply Chain and Operations Management Tips
Learn about warehouse management systems (WMSs)
From the course: Supply Chain and Operations Management Tips
Learn about warehouse management systems (WMSs)
- Many people take warehouses and distribution centers for granted, but they're not just big buildings where we store boxes. These facilities often house millions of dollars worth of inventory and they employ a large percentage of a company's workforce. So using technology to manage them efficiently is actually a critical part of optimizing your supply chain. In this video we'll talk about warehouse management systems, special computer programs that are designed to help you manage the processes in a distribution facility. A warehouse management system, or WMS, should help you keep track of four things. First, the products that you're handling. In a distribution center each product is called a stock keeping unit, or SKU. Each SKU has its own attributes, like size and weight. Some SKUs also require special handling. For example, they might contain hazardous materials or they might need to be refrigerated. You also need to keep track of your inventory storage locations. These are the spots throughout a warehouse where you can store products. A location could be a spot on the floor or it could be a particular shelf on a rack. You need to match the attributes of your SKUs to the attributes of your storage locations. And that's a process we call slotting. Then you need to track the loading dock doors for your warehouse. Usually you'll have one set of dock doors for your inbound deliveries and a separate set of doors for outbound shipments. But in smaller facilities you sometimes need to use the same doors for inbound and outbound. And finally, you need to keep track of your people and their productivity. You have to understand how long it takes to do the work in a warehouse in order to plan to have the right number of people to do it. Another important inventory location that's sometimes overlooked is the parking lot or the trailer yard outside. Inventory can sit on trailers waiting to be received, or it can sit there loaded waiting to be picked up. There are also situations where overflow inventory can actually be stored on trailers in the yard rather than storing it inside the warehouse. In order to have full visibility to your inventory you need to have some way to see these trailers, either inside of your WMS or with a separate program called a yard management system. A great resource for keeping up with trends in warehouse management is the Warehouse Education and Research Council or WERC. They run an annual benchmarking study that can help you compare your facility's performance to other companies. Choosing the right WMS and configuring it correctly can give you better inventory visibility and tighter control of the distribution facilities in your supply chain. And the insights in metrics from your warehouse management system can help you drive improvements and manage your whole supply chain more effectively.
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Contents
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Welcome to the course2m 32s
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Focus on supply chain management4m
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Adopt strategic sourcing3m 59s
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Avoid inventory stockouts3m 12s
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Become a sustainability champion4m 10s
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Connect distribution center processes3m 41s
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Drive continuous process improvement4m 19s
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Embrace omni-channel fulfillment3m 46s
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Analyze your supply chain risks3m 32s
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Prepare your business continuity plan3m 11s
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Strengthen supply chain cybersecurity4m 11s
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Track and trace your products3m 58s
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Improve your sales forecast3m 29s
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Use sales and operations planning (S&OP)3m 32s
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Invest in innovation3m 23s
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Lead cross-functional projects2m 55s
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Calculate payback period and NPV3m 29s
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Manage transportation decisions3m 41s
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Analyze the impact of lead times2m 44s
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Develop operations management skills4m 24s
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Tips to reduce waste in your operations4m 9s
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Calculate return on investment3m 38s
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Prevent counterfeiting3m 54s
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Manage employee turnover3m 55s
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Pick the right production strategy3m 25s
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Adopt strategic workforce planning3m 17s
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Optimize your inventory3m 33s
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Manage payment terms and cash flow2m 47s
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Learn about MRP and ERP planning systems3m 30s
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Use big data for operations management2m 54s
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Optimize your perishable inventory3m 22s
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Track your inventory turns2m 34s
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Manage change and transitions3m
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Blockchain for supply chain3m 7s
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Choose meaningful metrics and KPIs3m 25s
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Build flexibility into your supply chain2m 45s
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Automate your supply chain3m 9s
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Optimize your lot sizes3m 1s
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Manage customer returns3m 19s
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Build a career in supply chain operations management2m 51s
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Ten industries for supply chain operations managers2m 49s
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Recruit top talent successfully2m 52s
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Solve problems as a team2m 15s
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Beware of the bullwhip effect2m 55s
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Make your professional development plan2m 56s
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Adopt formal purchasing ethics3m 21s
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Learn about supplier relationship management (SRM)3m 2s
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Use analytics for supply chain3m 32s
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Learn about customer relationship management (CRM)2m 50s
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Learn about warehouse management systems (WMSs)3m 9s
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Learn about transportation management systems (TMSs)2m 49s
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