Tag Archives: how much is inventory worth

Latitude Tips & Tricks for Inventory Management

Being able to instantly access information about your inventory is powerful. Do you know what product you have, how much of it is available and where it’s located? More importantly, can you count on this information to be accurate? Latitude WMS has every function you need for complete visibility. Here are some tips you might not know about, but are huge warehouse time-savers.

New Latitude WMS Search Tools

Save time by checking inventory and sales orders in Latitude Web.

  • To find a specific sales order, go to Activities – Order Processing – Find a Sales Order, enter some of the identifying information and hit “Find
  • To find inventory, go to Activities – Order Processing – Find Inventory and enter the bin number for a list of the inventory contained in that bin.
  • You can also filter the list of inventory items by column to help you track down that one specific order you’re looking for. Right-click on any web column header and left-click “Filter” from the drop-down menu. You can also left-click any web column heading and enter the value that you want to filter.

Inventory Contents Label

Latitude WMS can print a label that displays the contents of any load or bin location on demand. This is similar to a Carton Contents Label, but isn’t tied to an order. It’s especially useful for printing the contents of a mixed pallet location for a quick info lookup. To do this from an RF terminal, hit F3 – Tools – Labels – Inventory Content Label, scan the source Load or Bin, and enter the number of labels that you need. These labels can be customized or set to automatically print during the receiving process if you want hard copies of documentation for incoming shipments.

Replace the Annual Physical Inventory with Cycle Counting

Many of our customers want to get rid of this warehouse tradition entirely because it’s disruptive to normal warehouse processes and dreaded by every warehouse employee.

In fact, many customers report a mysterious flu epidemic when the time comes for the annual inventory. With Latitude’s Cycle Count Planning Module, you can set items that you want to count on a weekly, monthly or yearly basis. The module will assign workers to do a few counts per day and keep you on track. A number of our customers have eliminated the annual physical inventory entirely with no loss in inventory accuracy, and a definite improvement in worker moral.

I hope that some of this information can help improve productivity in your warehouse. For more tips, tricks and Latitude hacks, come see us in person at the Latitude User Conference next week, May 22-24! It’s not too late to register!

If you have a suggestion for a new Latitude WMS feature, or a specific problem you’re trying to solve, please let us know. You can reach our Support Team at 1-888-627-9797.

 

Think of Your Warehouse as Bins Full of Cash

Many managers hesitate to purchase a warehouse management system because they assume that once inventory is inside of a warehouse, it is both safe and worthless.

What’s that you say? You don’t think of your inventory as worthless? Are you sure? Because when you purchase inventory and then place it in your warehouse with no real tracking system in place, you are essentially saying that you don’t care what happens to it. Inventory can be lost, misplaced, or stolen. You can easily ship too many items to a customer or the wrong (more expensive) item. Continue reading