In order to make peak season count, maximising your revenue potential within this time frame becomes crucial. It’s not merely about selling as many items of stock as possible (although this is largely what you’re aiming to do). It’s also about how you handle those orders when you receive that sudden spike in demand.
As more orders come into the warehouse, the burden of fulfilment falls to warehouse management and staff, who must deal with a higher number of SKUs and larger, more complex orders.
Organisation plays a crucial role in the handling and efficiency of your business at peak times. From ensuring you have the right stock in the right variations, to providing a swift dispatch, and keeping your customers happy.
On average, a retailer requires an additional 40% of stock during the peak period. So, for a company that has 6 million items of stock on premises on any normal day, this means hav-ing a further 2.4 million items on premises, which means requiring the space, processes and having the staff in place to handle a far larger volume of orders than usual.
Hiring temporary workers is a common practice during peak times. A large organisation could potentially hire thousands of temporary workers to assist with high order volumes. It’s easy to see how this influx of workers can present challenges.
What’s more, the challenges of the Christmas period take a weighty toll on warehouses that employ manual order fulfilment processes, requiring staff to run up and down the aisles to pick products and pack orders for shipment.
With fluctuating resources throughout the year, and to be able to cope with the ever growing demand on retailers, a WMS hosts an array of benefits and allows you to gain:
If you are considering a warehouse management system change, you’re not alone. In fact, 71% of UK retailers say looking to improve their WMS is a business priority this year. Warehouses that implement a WMS see productivity and accuracy increase by an average of 30%. If you’d like to find out more about gaining a WMS, contact us at Vardells today.