WarehouseManagement is also called warehouse management, and English warehouse management (WM for short) refers to the effective control of the receipt, delivery and balance of warehouse goods, with the purpose of ensuring the integrity of warehouse goods for enterprises and ensuring the normal production and operation activities.
On this basis, the activities of all kinds of goods are classified and recorded, and the quantity and quality of goods in storage, as well as the current geographical location, department, order ownership, storage dispersion and other comprehensive management forms are shown in clear charts. Warehousing is first of all a kind of logistics activity, or logistics activity is the essential attribute of warehousing. Warehousing is not production or trading, but one of the logistics activities that serve production and trading.
The core of warehouse management
Warehouse management is an important part of supply chain management, and the original intention of supply chain management is to eliminate all inefficient activities. According to the analysis of logistics consulting professionals, this inefficient activity will be directly reflected in the two indicators of "time" and "inventory". However, many enterprises always focus on reducing local costs and even spend a lot of time to save a little money. Obviously, this move has deviated from the original intention of supply chain management.
Although "inventory" will not be recorded in the monthly profit and loss, it is an indispensable part of the balance sheet. There are many financial performance parameters and non-financial performance parameters about "time", for example, the timeliness of customer order delivery, cash turnover rate, inventory holding days and so on. For enterprises, these turnaround times can reflect the current operating conditions of enterprises. Their improvement will certainly help to improve the overall competitiveness of the supply chain.