Warehouse Management Statistics 2024 – Everything You Need to Know

Are you looking to add Warehouse Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Warehouse Management statistics of 2024.

My team and I scanned the entire web and collected all the most useful Warehouse Management stats on this page. You don’t need to check any other resource on the web for any Warehouse Management statistics. All are here only 🙂

How much of an impact will Warehouse Management have on your day-to-day? or the day-to-day of your business? Should you invest in Warehouse Management? We will answer all your Warehouse Management related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Warehouse Management Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 228 Warehouse Management Statistics on this page 🙂

Warehouse Management Usage Statistics

  • Companies can reap a 25% increase in productivity, a 20% gain in space usage, and a 30% improvement in stock use efficiency if they use integrated order processing for their inventory system. [0]
  • 46% of organizations don’t use AI at all for their operations while 50.1% report limited usage. [0]

Warehouse Management Market Statistics

  • The factors that increased supply chain spending in 2018 are cutting costs (25%), SCM automation (25%), and market expansion (23.7%). [0]
  • Regardless of the pandemic, the global supply chain management market is set to grow at a CAGR of 11.2% from 2020 to 2027. [0]
  • The market share of transportation management systems worldwide is predicted to hit $4.8 billion before the end of 2025. [0]
  • According to a supply chain market analysis, 19% of companies that roll out SCM initiatives leverage machine learning to boost forecast accuracy. [0]
  • A supply chain market report says that 63% of organizations have no tech systems in place for monitoring supply chain performance. [0]
  • The leading supply chain market constraints are containing cost increases (32%), facing global competition (28%), and adapting to customer expectations (27%). [0]
  • all while combatting tight space and a tight labor market—warehouse operations are increasingly using technology to automate processes, with 85% using WMS according to the Logistics Management survey. [1]

Warehouse Management Software Statistics

  • “75% of leaders utilize optimization software (vs. 34% of followers), visualization software (67% vs. 28%), mobile technologies (75% vs. 30%), and radio frequency identification tags (65% vs. 27%). [2]
  • By 2025, the average spending for employees for SCM software will likely be at $8.08. [0]

Warehouse Management Adoption Statistics

  • In 2018, WMS adoption exceeded 90% for the first time. [2]
  • “Not only was 2018 the first year WMS adoption topped 90%, but use of paperbased picking systems dropped from 62% last year to 48% this year—the first time that use of paper based picking dropped below 50%,” according to Logistics Management. [2]

Warehouse Management Latest Statistics

  • According to data from the U.S. Bureau of Labor Statistics, there are 18,182 private warehousing establishments as of 2018, up from 15,203 in 2008. [2]
  • The average size of warehouses in 2000 was about 65,000 square feet, compared to about 181,370 square feet in 2017, according to a 2017 report from Westernacher Consulting. [2]
  • Among distribution centers with three or more buildings, 28% had six or more buildings in 2016, 22% had six or more buildings in 2017, and 27% had six or more buildings in 2018, according to Logistics Management. [2]
  • According to Logistics Management, the average clear height of distribution centers was 32.7 feet in 2018, an increase from 31.1 feet in 2016. [2]
  • According to a 2017 press release from UPS, “The Domestic segment benefited from strong demand for ecommerce deliveries and revenue was up 5% over Q1 2016. [2]
  • In fact, between 2011 and 2015, warehouse renting rates were up by a whopping 28.7%. [2]
  • This trend is likely to continue as the US Industrial Space vacancy rate falls to 5.3% in Q1 2017, the lowest since 2008.”. [2]
  • Average warehouse capacity utilization among manufacturers is about 68%. [2]
  • “However, 15% reported that they were at 100% capacity, while 19% were at 81% to 99% capacity. [2]
  • Looking forward for the next two years, 53% expect increased utilization, while only 5% expect a decrease,” according to a 2018 survey by Logistics Management and Peerless Research Group. [2]
  • “Peerless Research Group’s annual survey, conducted in January of this year, found that 42% of respondents were proceeding with investments given the state of the economy, up from a 35% response to the same question in early 2017. [2]
  • Similarly, only 9% said they were ‘holding off’ on investments, well under the 16% in 2017,” the report explains. [2]
  • The overall availability rate declined 10 basis points to 7.1 percent, the lowest level since the fourth quarter of 2000. [2]
  • The national vacancy rate edged down to 4.3 percent, the lowest level since at least 2002. [2]
  • According to JOC.com’s report on CBRE’s findings, net asking rents rose to $7.21 per square foot in Q3 2018. [2]
  • Since 2012, rents have increased by 5.6% annually. [2]
  • “As U.S. ecommerce sales continue to grow at over 15% annually, suppliers feel the pressure to satisfy e commerce customers by delivering a variety of goods in smaller sizes at a faster pace,” Westernacher Consulting explains. [2]
  • According to a Deloitte analysis of supply chain leadership, “79% of companies with high performing supply chains achieve revenue growth superior to the average within their industries.”. [2]
  • In fact, according to Logistics Bureau, “up to 12% of companies are unprofitable after distribution costs are taken into account.”. [2]
  • “In 2018, online sales of physical goods amounted to $504.6 billion and are projected to surpass $735 billion in 2024,” according to Statista. [2]
  • While 98% took actions of some type, one type of action that increased sharply was to improve warehouse IT, which climbed from 38% last year to 50% this year. [2]
  • Using a 3PL also climbed to 15%, while a new option, ‘adding automated equipment to processes,’ also drew a 15% response.”. [2]
  • In fact, it can comprise as much as 50% of the picking process – and up to half of your warehousing labor cost. [2]
  • “According to the 2016 Warehouse Operations Survey, only 9% of DCs now handle only full pallets during outbound. [2]
  • Most DCs (46%). [2]
  • According to Westernacher Consulting, “Just in 2015, the average number of SKUs in warehouses increased by 18% in the U.S. [2]
  • Next year, 38% of companies plan to handle even more SKUs based on PRG’s Research.”. [2]
  • Additionally, when asked roughly what percentage of SKUs are conveyable or could be handled robotically, respondents’ average answer was 43%, up from 29% last year,” explains Logistics Management. [2]
  • Labor comprises 50% to 70% of a company’s warehousing budget. [2]
  • According to data from the U.S. Bureau of Labor Statistics , the rate of recordable illness and injury cases in the warehousing and storage sector was 5.1 out of every 100 workers in 2017. [2]
  • Data from the BLS shows that hourly wages in the warehousing and storage subsector rose by more than 20% between 2008 and 2017. [2]
  • “In 2016, a staggering 41% of warehouse managers reported an ‘inability to attract and retain quality hourly workforce’ as one of their top concerns,” according to Westernacher Consulting. [2]
  • Temporary workers comprise more than 13% of a warehouse’s workforce, on average, during normal demand periods. [2]
  • According to Logistics Management, the average percent of workers who are temporary during average volume periods is 13.5% of the workforce. [2]
  • During peak volume periods, temporary workers comprise an average of 19.1% of the total workforce. [2]
  • According to Logistics Management’s 2018 Warehouse / Distribution Center Survey, “This year, 55% of respondents named labor scarcity as the top issue, an increase from last year’s 49%. [2]
  • In descending order, the other top issues for 2018 are insufficient space (44%); outdated storage, picking or material handling equipment (38%); and inadequate information systems (32%). [2]
  • Only on this last issue of IT system capabilities did respondents rank it lower than they did last year, when it drew a 36% response.”. [2]
  • 62% of respondents reported human error from manual process management as the #1 root cause of inventory fulfillment issues. [2]
  • Just 10% of warehouses reported using sophisticated warehouse automation technology in 2016.Westernacher Consulting predicts that the percentage of warehouses leveraging sophisticated automation technologies will grow within the next five years. [2]
  • According to Deloitte, “96% of industry leaders identify innovation as ‘extremely important’ to growth (vs. 65% of followers). [2]
  • “When asked about current robotics use and whether they will evaluate robotics during the next 24 months, 16% said that they currently use robotics, while 15% are evaluating robotics, for a total of 31% now either using or considering robotics. [2]
  • when 9% said they use robotics and 13% were considering robotics,” explains Logistics Management. [2]
  • As Logistics Management explains, “For applications, using or considering robotics for pick and place or parts transfer climbed by 8% to reach 41%, while using or considering robotics for palletizing declined by 8%. [2]
  • “Currently only 35% of respondents have an automated means of tracking order cycle times, 46% track them manually, and 19% don’t track them. [2]
  • Logistics Management explains, “Other picking technologies and methods on the rise include RF assisted with scanning, up by 9% versus 2017, and voice assisted with scanning, which reached 12%, up from 7% last year. [2]
  • Voice systems with no scanning came in at 10%, so this year 22% are using some form of voice. [2]
  • Less than 30% of commercial transportation companies leverage advanced digitization. [2]
  • “Commercial transportation companies lag in digitization efforts, with just 28% reporting advanced levels of integration and digitization in 2017,” explains PwC. 42. [2]
  • On time shipments below 94% indicate an opportunity for improvement. [2]
  • Avery WeighTronix explains, “…if your on time shipment performance is below 94% then this falls in the bottom quintile (20%). [2]
  • However, if ontime shipments are above 99.8% then this would fall within the top quintile of the results and can be considered bestin. [2]
  • The median performance for on time shipment data is 98.20%.”. [2]
  • Bestin class operations ship more than 99.87% of shipments on time. [2]
  • Bestin class operations pick orders with an accuracy of 99.84% or better. [2]
  • The cycle time begins when goods arrive from the supplier and ends when those goods are put away in the warehouse and recorded in the inventory management system,” according to Yale’s Top 10 Warehouse Operational Metrics. [2]
  • 57% of companies believe that supply chain management gives them a competitive edge that enables them to further develop their business. [0]
  • A majority of industry professionals (70%). [0]
  • These were followed by data and analytics (6.6%), customer service (4%), adding new talent (4%), eCommerce (2.6%), directtoconsumer sales (2.6%). [0]
  • 65% of executives in the logistics, transportation, and supply chain sectors report changes in industry processes. [0]
  • 30% of supply chain professionals say that a quick response to customer mandates is a top business priority. [0]
  • 32% of global retailers stated that they underwent little disruption. [0]
  • Only 12% of retailers worldwide reported heavy disruption due to the pandemic. [0]
  • 64% of retailers were challenged to adapt their supply chain for ecommerce. [0]
  • 28% tried to find alternative sourcing options. [0]
  • 28% underwent shortages and outof. [0]
  • Proof of this is the fact that 69% of companies do not have total visibility over their supply chains. [0]
  • Only 22% of companies have a proactive supply chain network. [0]
  • 62% of companies have limited visibility of their supply chain and 15% only have visibility on production. [0]
  • Meanwhile, 6% report full visibility, and 17% say they have extended supply chain visibility. [0]
  • The most common KPIs used for supply chain monitoring include daily performance (40%), cost reduction (35%), production service rate (29%), inventory turn (28%), and production time (27%). [0]
  • Other factors used are lead time (27%), return rate (25%), and ROA (22%). [0]
  • Pre Pandemic Disruptors Supply chain disruptions can cause significant negative losses in terms of finances (62%), logistics (54%), and reputation (54%). [0]
  • ( The types of events that can lead to supply chain disruptions are mergers and acquisitions (66%), extreme weather (41%), factory fire (37%), and business sales (33%). [0]
  • The top causes of supply chain disruption in the US are unplanned IT outages (68%), adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). [0]
  • 30% of companies don’t analyze the source of supply chain disruptions. [0]
  • This is a 14% increase over the number of 2019 supply chain disruptors which was 3,700. [0]
  • 52% of 2020 disruptors in the first nine months of the year led to a “war room” situation. [0]
  • Only 39% of 2019 disruptions resulted in a “war room” situation. [0]
  • The first nine months of 2020 recorded a 13 percentage point increase. [0]
  • Transportation and logistics activities currently account for 12% of the global GDP. [0]
  • 74% of supply chain companies utilize 4 or 5 transportation methods. [0]
  • Shippers can minimize freight invoice payments by 90 95% if they utilize a transportation management system. [0]
  • Using transportation management tools can yield an 8% saving on freight costs. [0]
  • Only 35% of shipping companies utilize transportation management systems for their overall SCM strategies. [0]
  • The Plans of Executives to Enhance Resilience in Transportation and Logistics in 2020 53% of executives plan to dual source raw materials. [0]
  • 47% of executives plan to increase the inventory of critical products. [0]
  • 40% plan the nearshoring and expansion of their supplier base. [0]
  • 38% plan to regionalize the supply chain. [0]
  • 30% plan to reduce the number of SKUs in their product portfolios. [0]
  • 27% plan to have higher inventory along the supply chain. [0]
  • 27% plan to backup production sites. [0]
  • 15% plan to nearshore their own productions. [0]
  • 15% plan to increase the number of their distribution centers. [0]
  • The most important inventory management practices are forecasting (61.3%), warehouse management (50%), logistics (46.8%). [0]
  • These are closely followed by training data scientists (21%), returns management (21%), and data interchange technology (17.7%). [0]
  • In addition, some prioritize investing in sensor technology (12.9%), training retail staff in eCommerce (11.3%), retooling DCs (9.7%), and refitting stores to have warehouse capabilities (3.2%). [0]
  • 46% of small businesses use don’t track their inventory or don’t have an automated method to track it. [0]
  • Only 18% of SMBs utilize inventory management systems. [0]
  • 25% more manufacturers are investing in more advanced warehouse management in 2017 than in 2016. [0]
  • 36% of supply chain professionals say that one of the top drivers of their analytics initiative is the optimization of inventory management to balance supply and demand. [0]
  • The estimated value for outof stock items is $1.14 trillion. [0]
  • The estimated value of global inventory distortion among mass merchants and grocery retailers in 2020 is $176.7 billion for overstock and $568.7 billion for outof. [0]
  • Inventory Management Strategies to Take Post COVID 19.6% plan to have more inventory. [0]
  • 26.9% will keep inventory levels the same but will be changing supplier base. [0]
  • 19.2% will keep the same inventory levels but keep the same suppliers. [0]
  • 21.6% are unsure which inventory management direction. [0]
  • 12.7% of business leaders that inventory management planning is not applicable in their organizations. [0]
  • The technologies that are becoming a priority in the supply chain industry are data analysis (41%), IoT (39%), cloud computing (39%), and info security (31%). [0]
  • In addition, there are also those interested in predictive analytics (29%), apps (25%), 3D printing (22%), robotics (22%), drones (20%), mobile production units (19%), blockchain (18%), and cognitive robotics (17%). [0]
  • 50% of companies believe that technological advancements have a strong impact on the supply chain, logistics, and transportation operations. [0]
  • 40.7% of modern companies believe that data analytics will be one of the key technologies for supply chain management in the next two years. [0]
  • 28% of supply chain leaders say that analyzing data from multiple systems for SCM is a key benefit of advanced analytics. [0]
  • 81% of supply chain managers report that data analytics will be crucial when it comes to reducing costs. [0]
  • 75% of large manufacturers are looking to update supply chain operations using IoT and analytics based situational awareness before the end of 2019. [0]
  • Only 4% of companies leverage artificial intelligence extensively for their supply chain management efforts. [0]
  • Experts predict that 50% of manufacturing supply chains will be able to make directto consumption shipments and home delivery by 2020. [0]
  • 50.6% of organizations use warehouse robotics for SCM. [0]
  • AR and VR investments for supply chain management jumped from 8% in 2017 to 23% in 2018. [0]
  • Pick rate productivity can increase by up to 50% if you use pickto. [0]
  • 46% of supply chain professionals still reply on excel spreadsheets for their operations. [0]
  • The biggest barriers to tech implementation are cost (48%), ROI calculations 40%), and knowing where to start (35%). [0]
  • In addition, there are those who have problems with finding the right supplier (11%) and dealing with potential interruption to current services (10%). [0]
  • In 2018, the biggest challenges in supply chain management are visibility (21.1%), fluctuating consumer demand (19.7%), and inventory management (13.2%). [0]
  • Some also noted coordinating across sales channels (11.8%), finding talent (9.2%), and keeping up with tech (6.6%). [0]
  • Meanwhile, the sourcing (5.3%), ensuring an ethical supply chain (5.3%), manufacturing (4%), and data management (1.3%). [0]
  • 24.7% of professionals report that the biggest supply chain management challenge for B2C eCommerce companies is delivery costs. [0]
  • Retail Supply Chain Executives Willing to Invest in the Following Areas in 2021 58.6% want to increase investment in omnichannel fulfillment. [0]
  • 55.73% productive planning and demand forecasting. [0]
  • 52.87% want to enable flexible operations. [0]
  • 48.52% want to improve inventory management. [0]
  • 40.02% want to invest in real time supply chain visibility. [0]
  • 40.02% want to improve integrated operational planning. [0]
  • 37.15% want to invest more in systems to automate risk identification and issue resolution. [0]
  • 31.52% want to invest in production and distribution automation. [0]
  • https//data.bls.gov/timeseries/ENUUS000205493?amp%253bdata_tool=XGtable&output_view=data&include_graphs=true Were investing in inventory management technology in 2016 compared to 2017. [3]
  • That’s about 7% of the US GDP. [4]
  • The Inner Workings of Inventory Management 75% of all supply chain management professionals want to improve their inventory management practices. [4]
  • 48% of supply chain management and transportation executives state that they need to reevaluate their warehouse locations. [4]
  • 24% of small businesses track their inventory with a pen and paper. [4]
  • 67% of warehouses plan to use mobile devices to speed up their inventory management. [4]
  • 25% more retailers are investing in new systems. [4]
  • The top issue in 46% of warehouses today is human error. [4]
  • 7% of small businesses don’t track inventory at all!. [4]
  • According to Supply Chain Mangement Review , roughly 40 percent of a company’s purchasing budget may be spent on MRO items such as janitorial supplies and maintenance tools. [4]
  • The Costs of Poorly Optimized Inventory Management Businesses spend an average of 25% to 35% of their budget on inventory costs. [4]
  • Carrying costs account for about 25% of a given company’s total inventory costs. [4]
  • That percentage can climb to 40% in some cases. [4]
  • MRO inventory typically turns over less than once per year That extra inventory lying around results in recurring costs, including about 5% of its total value in insurance costs. [4]
  • On average, non grocery retailers only sell about 60% of their stock at full price Markdowns account for about $300 billion in lost revenue in the United States. [4]
  • In one of the studies referenced here, about 86% of retailers knew specific ways in which advanced analytics could help them cut inventory management costs. [4]
  • These studies also estimate that about 10 percent of this inventory never gets used. [4]
  • According to the Bureau of Labor Statistics, the number of operating warehouses has increased 10.4% from 2013 to 2017 – an increase of over 1,600 new warehouses in the U.S. alone. [5]
  • The Motorola Future of Warehousing Study predicts that 66% of retailers will have made a significant investment in Warehouse and Inventory Management technology through 2018. [5]
  • Aberdeen Group reports in “What Has Changed in Wholesale Distribution 2015 & Beyond,” that 87% of today’s. [5]
  • Statista states that from 2016 to 2017, 25% more retailers and manufacturers were investing in better warehouse management technology. [5]
  • This makes a lot of sense when viewed in the context of another statistic from PeopleVox human error is the top issue in 46% of warehouses. [5]
  • In a research study conducted by Auburn University RFID Lab Studies, researchers found that retailers benefit from item level tagging because it increases inventory accuracy from an average of 63% to 95%. [5]
  • That’s a phenomenally large increase, and likely part of the reason that more than half (57% to be precise). [5]
  • There are a few other variations of this process, but the main gist here is that 23% of all US consumers are using click and collect. [5]
  • An unsurprising 32% of Millenials and 35% of Gen Xers are banking on click and collect as well. [5]
  • Characteristic Share of respondents 2021 83%. [6]
  • 43 percent of small businesses in the United States don’t track inventory, or do so using a manual system. [7]
  • In an academic setting, a score of 63 percent would just barely be passing. [7]
  • Imagine what you could do if 10 percent of your inventory’s value was no longer tied up in product on the shelf, but accessible for your business to put to use elsewhere. [7]
  • Employment of logisticians is projected to grow 30 percent from 2020 to 2030, much faster than the average for all occupations. [8]
  • A modern conveyor system that relies on scanning barcodes should not have an error rate higher than 0.02% of the throughput driven on it. [9]
  • Inventory along with accounts receivable and accounts payable has tied up $1.1 trillion in cash – equivalent to 7% of the U.S. GDP. [10]
  • While inventory as a percentage of sales is down from its highs, it’s on the rise from its 2011 low. [10]
  • 46% of SMBs either don’t track inventory or use a manual method. [10]
  • “Days inventory outstanding” – the amount of inventory on hand based on average sales per day – has risen 8.3% over the past five years. [10]
  • 54% of warehouses plan to expand the number of inventory SKUs carried over the next five years. [10]
  • For example, 15% of Target’s online purchases are marked for pick up in. [10]
  • 67% of warehouses plan to use mobile devices to manage inventory. [10]
  • Using barcodes on medication reduced errors in administration by 41.4% at an academic medical center. [10]
  • The number of warehouses in the U.S. has risen 6.8% over the last five years. [10]
  • 9.9% of all Warehouse Managers are women, while90.1%aremen. [11]
  • The most common ethnicity of Warehouse Managers is White (65.7%), followed by Hispanic or Latino (16.7%) and Black or African American (10.1%). [11]
  • In 2021, women earned 97% of what men earned. [11]
  • The top 10% of highest paid Warehouse Managers earn as much as $74,000 or more. [11]
  • Among Warehouse Managers, 9.9% of them are women compared to 90.1% which are men. [11]
  • The most common ethnicity among Warehouse Managers is White, which makes up 65.7% of all Warehouse Managers. [11]
  • Comparatively, there are 16.7% of the Hispanic or Latino ethnicity and 10.1% of the Black or African American ethnicity. [11]
  • White, 65.7% Hispanic or Latino, 16.7% Black or African American, 10.1% Asian, 5.0%. [11]
  • Unknown, 1.9% American Indian and Alaska Native, 0.6% Warehouse Manager Race Percentages. [11]
  • Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010 2019 among Warehouse Managers. [11]
  • Interestingly enough, the average age of Warehouse Managers is 40+ years old, which represents 67% of the population. [11]
  • 37% of Warehouse Managers earn that degree. [11]
  • A close second is High School Diploma with 29% and rounding it off is Associate Degree with 22%. [11]
  • Bachelors, 37% High School Diploma, 29% Associate, 22% Diploma, 6%. [11]
  • Other Degrees, 6% Warehouse Manager Degree Percentages Warehouse Manager Wage Gap By Education. [11]
  • < 50 employees 50 100 employees 100 500 employees 500 1,000 employees 1,000 10,000 employees > 10,000 Company Size Percentages Employees with the Warehouse Manager job title have their preferences when it comes to working for a company. [11]
  • By looking over 62,962 Warehouse Managers resumes, we figured out that the average Warehouse Manager enjoys staying at their job for 1 2 years for a percentage of 34%. [11]
  • Job Title LGBT Job Openings Quality Assurance Director 4.38% 59,088. [11]
  • Facilities Manager 7.93% 10,707 Warehouse Manager 8.04% Risk Management Internship 9.88% 123,581 Procurement Officer 11.62% 60,971 Chief Science Officer 12.30% 70,250 Office Manager Of Human Resources 13.02% 64,717. [11]
  • The most common foreign language among Warehouse Managers is Spanish at 69.7%. [11]
  • The secondmost popular foreign language spoken is Carrier at 4.9% and French is the third most popular at 4.1%. [11]
  • Spanish, 69.7% Carrier, 4.9% French, 4.1% Portuguese, 2.8% Arabic, 2.7%. [11]
  • The closer to 100% accuracy, the better. [1]
  • It’s not surprising that one survey, by trade publication Logistics Management, found 79% of warehouse operations were planning some type of expansion plan. [1]
  • The same report found that 43% of small businesses don’t track their inventory, or use a manual process to track it instead. [12]
  • This means that 64% of retailers did not already have a plan for eCommerce!. [13]
  • 46% of supply chain professionals still rely on excel spreadsheets for their operations Are we in 2021 or 1995?. [13]
  • Working in the supply chain industry, I learned from prospect calls that many companies do not have full visibility, however, 69% was surprisingly high!. [13]
  • 58.6% of retail supply chain executives want to increase investment in omnichannel fulfillment. [13]
  • 79% of companies with high performing supply chains achieve revenue growth above average within their industries. [13]
  • Over 70% of online shoppers would search for an item elsewhere if it was unavailable, rather than wait any length of time for it to come back in stock. [14]
  • 43% of small businesses either don’t track inventory or use a manual method . [15]
  • When it comes to goods in, human error is the top issue in 46% of warehouses. [15]
  • After years of steady growth, there’s been a 5.6% decrease in the average size of warehouses… [15]
  • but online spending is up 15.9% year on year. [15]
  • In the United States, manufacturers,retailers and merchant wholesalerscarried more than $1.9 trillion ininventory in June 2018, according to theU.S. Census Bureau. [16]
  • And believe it or not,experts say that about 90 percent of acompany’s inventory is stationary; it’sstored somewhere, whether on theshelves of a retail store or racks in awarehouse. [16]
  • Only about 10 percent of acompany’s inventory is actually in transit. [16]
  • For example, the 20 percent ofproducts that generate 80 percent ofthe revenue are designated CategoryA. Categories B and C are lowerperforming products. [16]

I know you want to use Warehouse Management Software, thus we made this list of best Warehouse Management Software. We also wrote about how to learn Warehouse Management Software and how to install Warehouse Management Software. Recently we wrote how to uninstall Warehouse Management Software for newbie users. Don’t forgot to check latest Warehouse Management statistics of 2024.

Reference


  1. financesonline – https://financesonline.com/supply-chain-statistics/.
  2. netsuite – https://www.netsuite.com/portal/resource/articles/erp/warehouse-management.shtml.
  3. 6river – https://6river.com/warehouse-automation-statistics/.
  4. flexis – https://blog.flexis.com/5-inventory-management-stats-worth-knowing.
  5. upkeep – https://www.upkeep.com/what-is-inventory-management.
  6. skunexus – https://www.skunexus.com/blog/inventory-management-statistics.
  7. statista – https://www.statista.com/statistics/929894/warehouse-management-systems-in-use-united-states/.
  8. conveyco – https://www.conveyco.com/inventory-statistics/.
  9. bls – https://www.bls.gov/ooh/business-and-financial/logisticians.htm.
  10. globaltranz – https://www.globaltranz.com/warehouse-statistics/.
  11. capterra – https://blog.capterra.com/inventory-management-statistics/.
  12. zippia – https://www.zippia.com/warehouse-manager-jobs/demographics/.
  13. softwarepath – https://softwarepath.com/guides/inventory-management-statistics.
  14. deposco – https://deposco.com/blog/13-shocking-supply-chain-statistics-you-wont-believe/.
  15. repricerexpress – https://www.repricerexpress.com/infographic-4-top-ecommerce-inventory-management-stats/.
  16. peoplevox – https://www.peoplevox.com/blogs/2017/9/20/6-surprising-stats-about-warehouse-efficiency.
  17. warehouseanywhere – https://www.warehouseanywhere.com/resources/inventory-management/.

How Useful is Warehouse Management

One of the main benefits of warehouse management is improved inventory control. By implementing systems and processes to track and manage inventory levels, businesses can ensure they have the right stock on hand to fulfill customer orders promptly. This not only leads to higher customer satisfaction but also reduces the risk of overstocking or running out of essential items.

Efficient warehouse management also helps businesses reduce operational costs. By implementing best practices such as optimizing storage space, streamlining processes, and using automation technology, businesses can lower labor costs, minimize waste, and improve overall efficiency. This is particularly important for businesses with high volume and fast-moving inventory, as cost savings can have a significant impact on the bottom line.

In addition to cost savings, good warehouse management can also lead to increased productivity. By having a well-organized and efficient warehouse layout, businesses can reduce the time and effort required to locate and retrieve items, leading to faster order processing and fulfillment. This not only improves customer satisfaction but also allows businesses to handle a higher volume of orders with the same resources.

Moreover, warehouse management plays a critical role in ensuring the accuracy of order fulfillment. By utilizing barcode scanning systems, automated picking and packing processes, and other tools, businesses can significantly reduce the risk of errors in picking, packing, and shipping orders to customers. This not only improves customer satisfaction but also helps businesses build a reputation for reliability and efficiency.

Furthermore, effective warehouse management can help businesses adapt to changing market conditions. By having real-time visibility into inventory levels, demand trends, and other factors, businesses can quickly adjust their strategies to meet customer needs. This agility is crucial in today’s fast-paced and competitive business environment, where businesses need to be able to respond quickly to changes in demand and supply.

In conclusion, warehouse management is a critical component of any business’s operations. By implementing best practices and utilizing technology to optimize storage, streamline processes, and improve efficiency, businesses can achieve significant benefits such as improved inventory control, lower costs, increased productivity, higher accuracy in order fulfillment, and greater adaptability to changing market conditions. Ultimately, effective warehouse management is essential for businesses looking to maximize efficiency, minimize costs, and deliver exceptional customer service.

In Conclusion

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