The KPIs For Measuring Warehouse Efficiency
There are 7 Key Performance Indicators or KPIs for measuring warehouse efficiency – you can use to evaluate the efficiency of your warehouse. Warehouse efficiency is important to a company's overall profitability. Efficiency in the warehouse is measured by tracking key business processes that are important for determining long-term profit and production goals. Warehouse Key Indicators - KPIs allow a company to gain competitive advantages. 1. Taking products to the warehouse efficiently ( one of the most critical processes ) Here are some of the key metrics for this process: - Expense of unloading: including the cost of labor , handling, and equipment costs - Effectiveness of handling the received Goods: by calculating the amount of inventory per employee per hour and converting that figure to labor costs. - Accuracy of Acceptance: Incoming Error Rates for Quantity and Quality - Labor and equipment utilization: Percentage of labor and material ha...