Beruflich Dokumente
Kultur Dokumente
Report on
Inventory and warehouse management
Report on
Submitted By
Muhammad Amir Sohail
Roll NO 59
Submitted To
Sir Sohail Ayaz
Warehousing:-
Reasons for
warehousing:To support the companys customer policy.
locations.
To ensure least logistics cost for a desired level of customer service.
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Warehouse Operating
Principles:2) Handling technology
a) Movement continuity,
b) Movement scale economies.
3) Storage plan
Warehouse Activities
Receive goods
Identify goods
Hold goods
Pick goods
Types of warehouses:-
It includes:
1) Private warehouses,
2) Public warehouses,
3) Contract warehouses
The Warehouse
location strategies:1) Market positioned:
a) Order Cycle time
b) Transportation cost
c) Sensitivity of the product
d) Order sizes
2) Product positioned:
a) Perishability of the raw materials
b) Number of products in the product mix
c) Assortments ordered by the customers from the
product mix
d) Transportation consolidation rates
3) Intermediately positioned:
Benefits of
warehousing:Consolidation.
Break bulk warehouse.
Processing / Postponement.
Stockpiling.
Service benefits
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Warehousing
Strategy
Other qualitative factors that should be considered include:
1) presence synergies: Inventory located nearby in a
building that is clearly affiliated with the enterprise.
2) industry synergies: Refer to the operating benefits of
collocating with other firms serving the same industry.
3) operating flexibility: Refers to the ability to adjust
internal policies and procedures to meet product and
customer needs.
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INVENTORY MANAGEMENT
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Definitions:
InventoryA physical resource that a firm holds in stock with the intent
Inventory SystemA set of policies and controls that monitors levels of inventory
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Functions of Inventory
1.
2.
3.
4.
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Types of Inventory
Raw material
Purchased but not processed
Work-in-process
Undergone some change but not completed
A function of cycle time for a product
Maintenance/repair/operating (MRO)
Necessary to keep machinery and processes productive
Finished goods
Completed product awaiting shipment
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Wait for
inspection
Wait to
be moved
5%
Run
time
Output
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Inventory Management
How inventory items can be classified?
How accurate inventory records can be
maintained?
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Transportation savings
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Categories of
Inventory
Cycle stock
Safety stock
Pipeline
Anticipation
inventory
stock
Dead stock
Decoupling stock
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1. Cycle Stock :
Because of the economies of scale involved in production and
transportation it makes sense to produce and transport goods in
batches. The is called as cycle stock.
2. Safety stock :
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4. Decoupling Stock:
Since it is not possible to carry out supply chain operation with just
one decision maker, the entire supply chain is usually divided into various
decision making unit, the demarcation of decision making unit take place
at both organizational and departmental boundaries,
so it is not
5. Dead Stock:
It refers to that part of the stock , that remain dormant or non
moved over a long period of time .
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6. Anticipation Stock :
Seasonal Stock
2.
Speculation Stock
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