WBSRocks: Business Growth with Enterprise Software and Digital Transformation WBSP205: Grow Your Business by Optimizing the Dock-To-Stock Ratio of a Warehouse w/ Jeff Lem
If you are a warehouse manager, your goal will be to get as many shipments out of the door as fast as possible. You might also be tempted to compare your ratios with other similar warehouses or the warehouses of your competitors. But as each business is different, each warehouse and its ratios will be different as well. So while you need to consider the warehouses and inventory as part of your continuous improvement plan as you learn more about your business and processes, you can't compare them with anyone else.
In today's episode, our guest, Jeff Lem, shares his insights on optimizing dock-to-stock ratios of a warehouse. He also discusses the various component of the dock-to-stock ratio that drives the overall ratio including time to receive the product against a purchase order and put away in suitable locations. Finally, he discusses the nuances of the labeling process, part #, and where and how vendor part number should be used to avoid tight coupling with your vendors while still providing end-to-end traceability.
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