Storekeeping & Warehouse Management (SWM)
Warehouse management encompasses the principles and processes involved in running the day-to-day operations of a warehouse. At a high level, this includes receiving and organizing warehouse space, scheduling labor, managing inventory and fulfilling orders.
Warehouse operations are generally invisible to customers, but they play a vital behind-the-scenes role in ensuring on-time delivery. To achieve this goal, good warehouse management ensures all warehouse processes run as efficiently and accurately as possible. For example, warehouse management involves optimizing the use of warehouse space to maximize inventory storage; making inventory easy for staff to find; ensuring adequate staffing; efficiently fulfilling orders; and coordinating communication with suppliers and transportation companies so materials arrive and orders ship on time.
Storekeeping refers to the art of preserving raw materials, work-in-progress, and finished parts in the stores in the best possible manner.
An efficient system of storekeeping has the following objectives:
- To ensure uninterrupted supply of materials and stores without delay to various production and service departments of the organization.
- To prevent over-stocking and under-stocking of materials.
- To check all materials in terms of quality and quantity.
- To minimize storage costs.
- To ensure effective and continuous control over materials.
- To ensure optimal utilization of available storage space and workers engaged in storekeeping processes.
- To protect materials from loss and wastage due to defective storage.
- To identify and locate materials in storerooms without delay.
- To protect and safeguard material items from pilferage, theft, fire, and others.
- To develop a system that provides complete and up-to-date information about all stored items.