1. Project Management :
Project management, as name suggest, is simply management that focuses on successful completion of project and produces a specific output or product on given period of time.
2. Warehouse Management :
Warehouse management, as name suggests, is simply management that focuses and control operations of warehouse such as receiving, picking, shipping, storing, etc. of inventories of business.
Difference between Project Management and Warehouse Management :
|Project Management||Warehouse Management|
|It mainly focuses on management of individual project till it gets completed successfully.||It mainly focuses on management and storage of inventories, material sourcing in large amount.|
|It is a temporary management process.||It is a permanent management process i.e. an ongoing process.|
|Project manager have more responsibilities than service manager.||Warehouse manager have less responsibilities than project manager.|
|Factors affecting project management includes improper risk management, timing issues, improper communication among team members, structural complexity, etc.||Factors affecting warehouse management includes lack of space, excess stock, low traceability and connectivity, improper time management, etc.|
|Process of this management includes plan, manage, execute, monitor and control and then finally closing project.||Process of this management includes receiving goods, assigning location in warehouse, storing goods, picking goods, and finally shipping.|
|Its benefits include improve team collaboration, improve team effectiveness, minimizes confusion regarding role, keeps team aligned and focused, etc.||Its benefits include increased profitability, boost speed of picking, receiving and order processing, decreases inventory costs.|
|Its main objective is to organize and control activities so that project is completed successfully as soon as possible inspire of all risks.||Its main objectives is reduce overall operation cost as much as possible and increase profit and main accuracy of inventories.|
|Type of project management includes Kanban project management, waterfall project management, PRINCE2 project management, etc.||Types of warehouse management includes cloud-based management system, standalone management system, supply chain execution module, etc.|
|Project management is more difficult than service management.||Warehouse management is less difficult than project management.|
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