Storage Management is a crucial component for monitoring and managing inventory and material flows within a business. Below are some key functions of warehouse management operations:

1. Inbound management: Manage the receipt, inspection, and shelving of raw materials, semi-finished products, and finished products to ensure accurate inventory data.
2. Outbound management: Arrange the release of raw materials, semi-finished products, and finished products based on production plans, sales orders, and other requirements, and record outbound information.
3. Inventory management: Monitor inventory data in real-time to ensure inventory levels match demand, avoiding excessive or insufficient inventory.
4. Inventory reconciliation: Periodically conduct inventory counts to compare actual inventory with system records and make adjustments as necessary.
5. Warehouse layout planning: Optimize warehouse layout based on material characteristics and inventory status to improve storage space utilization and operational efficiency.
6. Stock transfer management: Perform internal adjustments and movements of inventory as needed for more effective inventory management.
7. Barcode and RFID management: Utilize barcode and RFID technologies to improve the accuracy and efficiency of inventory management.
8. Inventory reporting and analysis: Generate various inventory reports, such as inventory structure and inventory turnover rate, to analyze and optimize inventory management strategies.

Through these functions, businesses can more effectively manage their inventory, reduce the risks of obsolescence and excess inventory, improve the efficiency of material flow, and ensure production and sales demands are met.