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Warehouse Management: Streamlining Your Business Operations

About Warehouse Management:

Warehouse is an essential aspect of any business that deals with physical goods. It entails handling, distributing, and storing products to make sure they are available when needed. It plays a crucial role in facilitating the efficient movement and distribution of items from the point of origin to the end customer or retail outlet.

Various types of products stored in warehouse. Ranging from raw materials to finished goods, and they come equipped with diverse storage solutions. Such as pallet racking, shelving systems, and specialized areas for temperature-sensitive items. The primary function of a warehouse is to ensure that inventory is proper managed, allowing for easy retrieval and quick order fulfilment. Advanced warehouse management systems (WMS) are employed to track stock levels, monitor product movement, and optimize storage space. The importance of warehousing cannot be overstated, especially in a place like Bhiwandi, where businesses rely heavily on the efficient management of their inventory.

Warehouse Management
Warehouse

Mumbai Warehouse:

A Strategic Location for Your Business

Mumbai is a bustling commercial hub. When choosing a warehouse location in Mumbai, you should consider the proximity to your target market, your suppliers, transportation hubs, labor and the cost of real estate. Therefore some strategic locations for warehouses in Mumbai include Bhiwandi, Panvel and Navi Mumbai.

Bhiwandi is a major warehousing hub, is a prime location for warehousing in Mumbai. It is well connected to major transportation networks, making it easy to transport goods to different parts of the country. Additionally, Bhiwandi has a thriving warehousing industry, with a range of 3PL warehousing providers catering to the needs of businesses of all sizes. If you are looking for a strategic business location for Mumbai warehousing then Bhiwandi is a good option to consider. The city offers a number of advantages, including affordable land, availability of labor and tax incentives.

Warehousing
A Strategic Location for Your Business

3PL Warehouse:

A Comprehensive Solution for Your Business

Third-party logistics (3PL) warehousing is a type of warehousing where a third-party logistics company owns and operates a warehouse for businesses. Furthermore, 3PL warehouses offer a variety of services, including warehousing, order fulfilment, returns processing, inventory management, cross-docking, and kitting.

There are many reasons why businesses opt for 3PL warehousing. Firstly, some of the benefits of using 3PL warehousing include reduced costs, increased efficiency, and improved focus and flexibility.

When choosing a 3PL warehouse, businesses need to carefully consider the size and type of their operations, their specific needs, the location of the warehouse, and the cost of the facility.

In conclusion, 3PL warehousing can be an excellent option for businesses that need to outsource their warehousing and logistics operations. Additionally, by outsourcing these operations, businesses can reduce their costs, improve efficiency, and focus on their core competencies.

3PL
3PL Warehouse

Inventory Management:

The Key to Efficient Warehousing

The critical aspect of warehousing is inventory management. It involves tracking inventory levels accurately through manual or automated systems. Categorizing items based on criteria for instance value and quantity, and forecasting customer demand to prevent stock-outs or excess stock. Safety stock is maintained to buffer against unforeseen fluctuations. While strategies like Economic Order Quantity (EOQ) help determine optimal order quantities.

Some businesses adopt the Just-In-Time (JIT) inventory approach to minimize carrying costs and coordinate with suppliers for timely deliveries. Inventory management software streamlines processes and provides real-time data for informed decision-making. Effective inventory management reduces holding costs, enhances efficiency, boosts customer satisfaction. And ultimately improves a company’s profitability by ensuring the right products are available at the right time.

Inventory
Inventory Management

Storage & Distribution Services:

Ensuring the Smooth Flow of Goods

Storage and distribution services are essential components of warehousing. With the help of advanced warehouse management systems, businesses can optimize their storage and distribution operations, reducing costs and improving efficiency. Distribution services, on the other hand, focus on transporting goods from storage facilities to their intended destinations, be it retailers and  wholesalers. This entails optimizing transportation routes, employing last-mile delivery strategies for prompt customer receipt and handling reverse logistics for returns.

Storage & Distribution Services, Management
Services

Third-Party Logistics:

The Future of Warehousing

The warehousing industry is evolving rapidly, and third-party logistics providers are at the forefront of this change. By leveraging advanced technologies and best practices, 3PL providers are helping businesses to streamline their operations and improve their bottom line. As businesses continue to look for ways to optimize their operations but 3PL warehousing providers will play an increasingly important role in the future of warehousing. The future of warehousing is likely to be shape by a number of factors, including the growth of e-commerce, the rise of automation, and the need for sustainability.

Conclusion

In conclusion, warehousing is an essential aspect of any business that deals with physical goods. With the help of advanced technologies and best practices. Businesses can optimize their warehousing operations, reducing costs and improving efficiency. Whether you are looking for Mumbai warehousing or 3PL warehousing services, Bhiwandi offers a strategic location and a thriving warehousing industry to meet your needs.

/ By Akash Storage and Distribution Services Pvt. Ltd. / Infrastructure/ 0 Comments

Ten Guidelines for Effective Warehouse Management

Ten Guidelines for Effective Warehouse Management

Efficiency in warehouse management is essential to cutting costs, increasing production, and preserving customer happiness. Similarly, warehouse management is a fundamental part of any successful corporate operation.

We’ll provide 10 tips in this blog article to assist you increase the effectiveness of your business and streamline your warehouse management procedures.

  • Establish a warehouse management programme (WMS)

    Your warehouse operation can be more efficiently run by using a WMS, from selecting and shipping to receiving and storage. However, a WMS can increase efficiency, decrease labour costs, and improve accuracy by using real-time data and automated operations.

  • Make use of cross-docking

    Cross-docking is the practice of instantly transferring incoming items from delivery trucks onto departing vehicles, therefore saving time and money by doing away with the requirement for storage and shortening the handling process.

  • Adopt the Lean Principles

    Warehouse operations can benefit from the application of lean concepts like waste elimination and continuous improvement. For instance, process simplification, inventory reduction, and improved departmental communication are some examples of this.

  • Optimally Layout the Warehouse

    A well-planned warehouse architecture may enhance product flow, cut down on employee travel time, and boost overall productivity. Therefore, when planning the layout of your warehouse, take into account elements like product weight and size, usage patterns, and order picking techniques.

  • Automate Processes

    Automation can greatly improve efficiency in the warehouse by reducing manual labor, improving accuracy, and reducing the risk of human error. Therefore, consider automating processes such as inventory management, order picking, and packing.

  • Utilize Mobile Technology

    Mobile technology, such as barcode scanning and mobile devices, can help streamline processes and increase accuracy in the warehouse. Additionally, this can include real-time data access, improved communication, and the ability to quickly locate products

  • Train Employees

    Properly trained employees can greatly improve efficiency in the warehouse. Additionally, invest in training programs to ensure employees understand processes, safety protocols, and the use of technology.

  • Utilize Slotting

    Slotting involves organizing products in the warehouse based on frequency of use and size, with the most frequently used items in the most accessible locations. However, this can reduce travel time for employees and improve picking efficiency.

  • Keep the Warehouse Organized and Clean

    A well-kept warehouse can enhance product flow, lower the chance of accidents, and boost productivity. For instance, your warehouse management practice should include frequent cleaning and organisation.

  • Track and Examine Performance

    You can find opportunities for improvement in your warehouse operation by tracking and evaluating performance data. However, this may involve keeping track of indicators like order correctness, picking speed, and worker productivity.

 Conclusion

Increasing warehouse efficiency is essential for lowering costs, boosting production, and preserving customer happiness. For instance, you may enhance operational efficiency by streamlining procedures, lowering labor expenses, and applying these 10 warehouse management best practices.

Core Ideology of Akash Storage And Distribution Services Pvt. Ltd.

Trustworthiness: We believe in building trust among all of us & thereby walking towards prosperous future.
Team Work: We believe in working together & taking ownership thereby increasing our productivity.
Adaptability: We believe in adopting new ideas & technology to make our organization more efficient.
Growth: We believe in overall growth and prosperity of our esteemed clients, employees, vendors & who ever associated with us.

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Massive investments to drive India logistics growth says JLL

Fresh investments, supply, and interest are propelling the Indian logistics industry to the next level. India’s Logistics Performance Index ranking has slipped from 35th in the World Bank’s 2016 study. However, the introduction of GST and substantial investments from global players will significantly boost the sector’s growth.

Interestingly, logistics in the Asia Pacific region is performing well. In comparison to other global counterparts according to the 2016 World Bank survey on trade logistics. Singapore, Hong Kong & Japan are top of global league of 160 countries in terms of logistics performance, alongside markets in Europe and the United States.

Based on JLL estimates, the total amount of stock in seven largest logistics markets in the region. Currently totals more than 1.5 billion sqm (gross floor area), double the size of the 795 million sqm. United States and significantly more than the 260 million sqm in Europe. However, it is more appropriate to look at logistics stock at a local level, as regional economies are at vastly different stages of development.

India’s warehousing sector experienced a 20% CAGR from 2014 to 2017, driven by economic revival, e-commerce and third-party logistics growth, and GST implementation. Therefore, existing stock can grow faster until 2022. Investment in infrastructure is also expected to play a significant role, as large planned investments. Such as MMLPs, dedicated freight corridors (DFC), etc. In road, rails, ports and airways across emerging India will bolster trade – and, consequently, warehousing demand.

Local Logistic Service in Mumbai
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Maharashtra Logistics Policy being planned to reap GST gains

Maharashtra’s Logistics Industry and the Impact of GST

The Maharashtra government is all set to release a comprehensive logistics policy in a bid to develop the state as a logistics hub and promote port led development. The government hopes that the goods and services tax (GST) regime will come handy in boosting the logistics sector considering state’s strategic and geographic location. Currently, manufacture logistics and construction collectively contribute 35% to the state gross domestic product and the government hopes to increase that share till 2022.

Chief Minister Devendra Fadnavis, in an investor meeting, noted that due to Nagpur’s central location and the GST, it can now become a gateway for goods in the state. He also mentioned that with the Mumbai-Nagpur Super Communication Expressway and 22 cargo processing centers. 70% cargo distribution from the Jawaharlal Nehru Port can expand to 24 districts beyond Mumbai, Thane, and Pune.

Sushil Jiwarajka, president, Infrastructure & Logistics Federation of India, said logistics will become a crucial factor in the growth of economy with the onset of GST. In Maharashtra, Nagpur’s central location makes it a potential logistics hub for nationwide distribution by major companies. Also, the Mumbai-Nagpur Super Communication Expressway will create a key linkage for goods from the hinterland to the ports on the west coast. He, however, suggested that the policy should provide fiscal incentives including tax holidays and allotment of land at reasonable rates.

K V Mahiddhar, head of CII Institute of Logistics, said states are preparing policies to incentivise logistics sector. ”States are also focusing on further strengthening transport infrastructure and connectivity, develop warehousing and cold chains to improve overall logistics. Under the GST regime, the investors, especially from the logistics sector, will make investments based on business requirements,” he said.

Jawaharlal Nehru Port Trust Mumbai
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Direct port delivery (DPD) scheme. Advantage or Disadvantage?

What is DPD (Direct port delivery) scheme?

The Central government introduced a programme to speed up delivery. Cargo containers to importers/consignees to check extra cost and time involved in the clearances by introducing. So-called direct port delivery (DPD) scheme at the Jawaharlal Nehru Port and Chennai Port, spurred by a report from the World Bank on ease of doing business.

How DPD Works

DPD allows importers/consignees to take delivery of the containers directly from the port terminals and haul them to factories without taking them first to a CFS and from there to factories. An importer has thus assured clearance of cargo in less than 48 hours under DPD as against an average of seven days if routed through a CFS.

The Role of Container Freight Stations (CFS)

The Customs Department licenses an off-dock facility, known as a CFS, to ease port congestion by relocating containerized cargo and conducting customs-related activities outside the port area. Due to Customs procedures and space constraints at many of India’s ports, Customs clearance happens at the CFS.

JNPT was designed on the CFS model. In late 2016, the government directed JNPT and Customs to raise the proportion of DPD first from 3 % to 40 % and later to 70 %.

DPD Advantage or Disadvantage?

Top logistics firms, including listed entities that have invested thousands of crores to set up and run container freight stations (CFSs) near India’s container ports, face an uncertain future. Firms such as All cargo Logistics Ltd, Navkar Corporation Ltd, Gateway Distriparks Ltd, Container Corporation of India Ltd (Concor) and Balmer & Lawrie Co Ltd are among the 33 CFSs operating near JNPT. In fact, Navkar went public in 2015 purely on the strength of its CFS business.

Stakeholders’ Perspective

Most of the stakeholders in the export-import logistics chain say that the DPD is an excellent concept. But are critical of the way it is being implemented, mainly because it will hurt their business. The government has targeted CFSs to fasten import clearances because this intermediary, it feels, takes the longest time, as much as 8-9 days, in completing all procedures. The long cargo dwell time in CFSs automatically adds to transaction costs, says the government. CFS operators say that the longer dwell time attributed to them is not of their own making. “Importers prefer to keep containers in the CFSs and move them to factories according to their inventory requirements. CFS is the safest and cheapest way of storing containers,” says a CFS executive.

Impact on CFS Business

There are some 33 CFSs in Nhava Sheva and another 150 across India. “What’s going to happen to the CFS business, which has seen some ₹10,000 crore investment as a sector generating employment of a couple of lakhs? The government is saying that CFSs are bad and overnight they have to change. It’s become a completely unviable model. So, what do you do with it? How do you re-engineer? Has the government given that a thought,” asks a CFS operator.

Challenges and Concerns

On its part, the government wants CFSs to transform into modern warehouses for doing value-added services, which the CFS industry says would require more floor space index (FSI). ”We don’t have the FSI for it,” said the chief executive of a privately run CFS in JNPT area. CFSs, mostly large yards for stacking containers, have a FSI of 0.3 or 0.4. Will the government permit us to have more FSI? Will we be treated again as a sunrise sector by offering tax breaks. So that we can re-invent our business model from scratch or should we become terminally sick,” he asked.

Warehousing Space in Bhiwandi
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Warehousing & Logistics space leasing increased by 50 percent in H1 2017: CBRE

According to a report by CBRE the leasing of industrial and warehousing space rose 50 per cent in January-June at 7.3 million sq ft in eight cities and absorption may touch an all-time high in 2017 on positive sentiments after GST rollout. The report further says that the companies from third party logistics, engineering, manufacturing and FMCG sectors contributed about 75 per cent of the leasing.  Leasing activities grew in all sectors except pharma, which absorbed 20 per cent less space in the first half of 2017 as compared to the second half of 2016.

Bengaluru, Delhi-NCR and Chennai were the preferred markets for leasing space. Mumbai’s share was 13 per cent of the total leasing in first half of 2017, while Kolkata, Ahmedabad, Hyderabad and Pune constituted 23 per cent of the demand. “The leasing activity continued to witness strong growth during the first half of 2017, as close to 7.3 million sq ft was leased across cities. The transaction activity grew by almost 50 per cent when compared to H2 2016,” CBRE said.

Among the prominent deals during January-June period, LP Logistics leased about 2 lakh sq ft in Bhiwandi, Mumbai, Honda Two-Wheelers 1.9 lakh sq ft in Bengaluru, HUL 1.8 lakh sq ft in Delhi-NCR and P&G 2 lakh sq ft in Chennai. CBRE Chairman India and South East Asia Anshuman Magazine said the country’s growing economy has helped in increased activities in industrial and warehousing segment over the past few years.   “The sustained growth of the segment, coupled with the implementation of the landmark Goods and Services Tax (from July 1), will result in efficient supply chains and lower compliance costs, the benefits of which will eventually trickle down to make the reform a much needed incentive for businesses in India,” he said.

The deal size rose to 65,000 sq ft during January-June 2017 from about 50,000 sq ft in second half of 2016. The number of transaction above 2 lakh sq ft also doubled during the period under review. “Sustained demand coupled with limited quality supply led to a steep appreciation in rentals (11-13 per cent) in micro- markets like Ghaziabad, Kundli/Murthal in Delhi-NCR, western corridors of Hyderabad and Bhiwandi in Mumbai,” the report said, adding that rentals dipped in Chennai on higher supply.   The consultant projected that rentals in select micro- markets would rise on strong demand.

Jawaharlal Nehru Port Trust Mumbai
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Mumbai Port impacted by Cyber Attack

The Union government on Wednesday confirmed that one of the terminals at the Jawaharlal Nehru Port Trust (JNPT) near Mumbai has been impacted by the latest malware attack.

Officials said the attack has affected all software operations of Gateway Terminal India (GTI). Danish shipping giant AP Moller-Maersk, one of the affected entities globally, operates the GTI, which has a capacity to handle 1.8 million standard container units.

It is anticipated that there could be bunching of in-bound and out-bound container cargo and the Ministry of Shipping and the JNPT were taking steps to ensure minimum disturbance to trade, transporters and more importantly local citizens.

“In reality, nothing could be done manually in that system. You have two options, either work with software or stop it. Thus because of this attack, virtually no work is being conducted at GTI since last night. This attack will have a worldwide impact as thousands of companies from across the globe send and receive containers from this terminal,” the official said.

Maritime conglomerate Maersk group confirmed that its operations were hit by the cyber attack. “We can confirm that on Tuesday, June 27, AP Moller-Maersk was hit as part of a cyber attack named Petya, affecting multiple sites and select business units,” Maersk said in a tweet.

It said, “We are responding to the situation to contain and limit the impact and uphold operations.”

The group is “assessing and managing” the situation to minimise the impact on its customers and partners.

Warehouse in Bhiwandi
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Exploring Warehousing Options and Storage Solutions in Bhiwandi

Benefits of our Warehouse in Bhiwandi

  • Expertise In Storage & Handling Of All Types Of Material
  • Storage of material in a clean environment
  • Systems for keeping Proper documentation & detail record
  • All warehousing & local logistical services under one roof.
  • 2 Lakh sq. ft. space for warehousing & local logistical support.
  • We provide G+5 racking warehousing facility at Bhiwandi
  • Secured & Safe premises for storage

Future expansion plans of Akash Storage and Distribution Services Pvt. Ltd.

WE WILL BE STARTING 5 STORIED RACKING WAREHOUSING FACILITY AT BHIWANDI

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How Outsourcing your logistic needs to us can prove to be cost-effective for you?

Outsourcing Logistics

It is a known fact that having an in-house logistic department can, in fact, enhance a company’s overall operational cost by a great margin. Moreover, this also affects the net profit and the benefits that the company wants to pass on to their clients. Additionally, a smooth logistic operation is essential to the success of the company and the customer satisfaction it provides to its customers

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Moving freight is a tough task that needs experience and expertise

Moving freight

While, many companies choose to have its own fleet of trucks for moving freight and load, it can prove to be expensive as a whole for the company. Investing in a fleet of trucks, staffing, maintenance, and the associated logistics can significantly escalate operational expenses and pose a long-term burden. The complexities of obtaining approvals, licenses, route planning, and meeting deadlines further compound these challenges..

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