Warehouse management is the control of day-to-day warehouse operations. Shipping, receiving, putting-away, and picking goods are all part of the processes. Warehouse management is essentially the interaction between goods receipt and goods issuance.
In general, warehouse management aids in the organization of space, the management of inventory, the improvement of warehouse performance, the use of appropriate warehouse logistics, the facilitation of products movement, and so on. As a result, it ensures that all warehouse procedures, including the recording of all changes in warehouse stock, run as smoothly and cost-effectively as feasible. On the one hand, institutionally as a management and execution organ of a company's warehouse management, and functionally in terms of the inspection, execution, and documentation of all intralogistic operations. These include, for example, the upkeep of various storage system components (mechanical and IT-based), the administration of transport aids and reusable packaging, such as pallets, containers, cable drums, empties, and so on.
The management of a warehouse is typically performed with the assistance of a warehouse management system. This is a system that controls stock relationships such as batch, article, assortment, and storage location. Moreover, there are certain types of warehouse management, these include manual storage management, software-assisted warehouse management, and complex / automated systems.
According to OrderHive, there are 5 fundamentals of Warehouse Management: Customer-Centric Warehouse Management, managing your warehouse with a solid workflow and control, creating a system that is ready to adapt to the changing circumstances, data-driven decision, and keeping up with the ever-evolving technology.
