Strategic Objectives
Return on Assets
We use data-driven insights and warehouse storage best practices to reduce inventory, improve space utilization and optimize asset utilization leading to a higher return on assets and better financial performance.
My ROA Project Summary
Number of Projects
4
Average % Improvement
55%
Average $ Improvement
$930m
Average ROI
73
My ROA Related Articles
3 Ways to Take Back your Warehouse Space
Challenge
In this article, I’ll review how to streamline your warehouse storage practices. We’ll take a look at how a global market leader in the medical device industry went from aisles full of pallets to removing racks due to all the space that they opened up.
When we started, there was severe congestion, material control issues, and major morale problems. Moreover, along with cost and compliance issues, all this congestion gave ample opportunity for injury claims
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3 Ways to Take Back your Warehouse Space
5 Ways to Avoid the Dreaded Offsite Warehouse
Many warehouses are bulging at the seams and offsite warehousing is becoming more and more necessary. This all creates several challenges:
- Over capacity warehouses, with pallets in aisles etc., make control of materials more difficult, which can present regulatory compliance issues
- Offsite warehouse presents challenges since they may not be fully validated, and don’t always have all the controls that your main warehouse has in place.
- Offsite warehouses create significant inefficiencies, as low activity levels may not require a full-time material handler, so they must travel back and forth when activity is required
But don’t despair, it doesn’t need to be this way. There are many techniques that can be leveraged to reduce your warehouse footprint needs. Here are 5 such techniques that I have used to prevent the need for additional warehousing:
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