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Useful reads on warehouses, stock counts and audits.
- The warehouse is capital: money in the shape of goodsEvery item on the shelf is money the company has paid but not yet recovered; a manager who sees this views the warehouse differently.
- Three views of what a warehouse is worthBook value, resale value and replacement value are different things.
- Hidden costs: what the price of storing stock is made ofBesides rent and wages, storage cost includes tied-up money, obsolescence, shrinkage and insurance.
- A warehouse project: ten questions before launchHow much stock, of what kind, how many orders and what growth: the answers shape the project.
- The flow principle: goods should keep movingA good warehouse is not a box with shelves but a flow of goods, so routes should not cross.
- How efficiently warehouse floor area is usedThe area really used for storage is often only about half the total.