Whatever Your Warehouse Needs Are, Vision Can Create your Solution
With the recent completion of our 200,000 sq ft facility in Belleville, ON, Vision now boosts over 1 million square feet of space between Brampton, Belleville and Milton, ON for your short-term and long-term storage needs. Whether it is raw materials or finished goods you need stored, our warehouses are more than capable of meeting your product storage requirements.
Here’s a sample of what our Vision team can do for you:
- Secure Facilites
- Warehouse Management
- Real Time Online Reporting
- Quality Control
- BRC Certified
How can I improve my labor productivity & costs?
With cost of labor in major city centers such as Toronto (GTA) escalating due to cost of living and regulatory mandates to minimum wage, cost sharing labor is an economical model to consider. With respect to productivity gains, using applied LEAN methodologies such as reducing travel time to pick and put-a-way and strategic door management can reduce COGS significantly.
What are the best KPI's to measure performance?
The KIS rule is always the best one to follow. Keep the KPI’s to no more than 3. The three that resonate with management and the warehouse teams are:
(1) Order Fill Rate Per Day – this allows the team to monitor not only their performance but also production. This can be cascaded to case fill rate for e-commerce fulfillment.
(2) On-Time Pick Up/Delivery – measuring the performance of vendors can lower dock costs – labor and save valuable staging space.
(3) Labor Costs Per Pallet Or Case – establishes accountability to the business and allows the warehouse team to forecast labor requirements for peak and non peak days. Once enough of history is captured, convert the results to a trailing report for more predictive analytics.
How to evaluate the ROI for outside storage solutions versus in-house?
There is no silver bullet for this decision. Every business has different needs and may find value in one, both or a hybrid solution. To evaluate your needs, ask yourself four questions:
(1) What will be the cost impact to a specific UOM that is monitored by your organization (i.e. case cost, pallet cost, etc.)?
(2) What is the transition costs both physical and administrative? Most companies fail to include the move-in costs to their ROI and then have to deal with the financial.
(3) What are my turns? This is a fundamental answer to the cost structure of the cost of warehousing in either model but one that is not accurately measured by many organizations. A physical product turn versus a financial turn are different but make sure to evaluate both solutions on the same basis.
(4) What is the strategic purpose and ROI of each solution and does it allow the organization to scale or downsize quickly?