Warehousing and transportation have never been more complicated. The digitalization of warehouses, rising customer expectations for delivery and customer service, and market competition put pressure on overall operations. This article discusses the common warehousing mistakes made by many organizations and how to avoid them to make the business better.
Holding Excess Inventory
In spite of numerous researches and techniques in the warehousing field, excessive inventory is still one of the most common warehousing errors in global supply chains. Wholesalers especially seem to find it easy to fall into this trap, usually because of buying large quantities of individual products to take advantage of volume discounts.
Lowering inventory levels as much as possible can make your supply chain more streamlined and reduce the consumption of funds in inventory. Therefore, when there is an “irresistible discount”, it is necessary to try to arrange with the supplier to deliver large orders in small batches when needed.