If your small business stores the goods you sell in a warehouse, warehouse management is an integral part of your supply chain management.
Warehouse management is essential to tracking the products your business keeps on hand, as well as ensuring you maintain optimal levels so you can quickly fulfill customer orders. Understanding how to develop a warehouse management plan is key to staying apprised of your stock, preventing loss and theft, and keeping customers happy by quickly filling orders. Warehouse and inventory management are often seen as interchangeable practices. There are, however, subtle differences in the complexity of the two management systems. Inventory management deals with physical stock-keeping units, while warehouse management looks after entire storage systems within the warehouse structure. Warehouses are considerably broader in scope than that inventory management.
Effective management aims to efficiently control the movement of materials within warehouse operations. These operations include the receipting of inward goods, racking, stacking, and stock movement through the warehouse. Warehouse management is also responsible for ensuring shelving or pallet racking is in place to secure the stock, maintaining the quality of goods while in storage and until they are shipped out of the warehouse. Also, warehousing undertakes the task of securing hazardous materials and removing or disposing of any damaged goods.
Warehouse management in Book Keeper
To enable this feature, go to Settings > Company Settings ➔ Enable Warehousing: Yes
To create a new Warehouse, go to Left side menu > Warehouse > New Warehouse
To add items with warehouse details, while creating or editing items, click the Warehouse icon.
If you have any existing items, they will be moved to the default Warehouse named as Main Location created by Book Keeper.
Once you have created warehouses, now you can select these warehouses while making any voucher like sales, purchases, returns, etc.
Sometimes, you need to transfer stock from one warehouse to another.
Stock or inventory transfer describes a process in warehouse logistics for moving goods from one part of the distribution chain to another.
In general, the stock transfer is aimed at optimizing the storage capacity according to certain strategies. By so doing, it speeds up the handling process of inventory when there is a high workload.
you can do so by going to Transactions > Inventory Transfer
Select the Destination warehouse and Source warehouse
You can also change the name of Warehouse to any name of your choice like Godown or store by going to Settings > Template Settings > Item Table > Warehouse
Book Keeper provides comprehensive reporting with respect to the warehouse, you can view Warehouse Wise Items as well as Item Wise Warehouse. Both have their own use cases. Just go to Reports > Inventory summary report and select the desired option.
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