Warehousing and Inventory Management

Executive Summary

I . Critical evaluation of ALL aspects relevant in relation to warehouse space and layout planning

There are four relevant aspects to warehouse space and layout planning . First , removal of idle or obsolete equipment occupying scarce warehouse space is Should be considered . Second , choice of warehouse inventory method to implement should be studied . Third , implementation of Automation and Information technology should be emphasized . Fourth the warehouse financial budget should be examined . In addition , the warehouse manager should know the proper place for each item that enters into and exits

the warehouse . This can be done by correct slot implementation . Furthermore , a good procedure to is emphasize the best use of the available warehouse space must should be put into place . The warehouse manager can both a short term plan and a long term plan

II . Discussion of ALL aspects relevant in relation to warehouse operations management . Consider the appropriateness of mechanization and full automation

On way of mechanization and automation is the use of the bar code system of inventory and sales monitoring . This system will make accurate the items that are sold and bought . Furthermore , Automation will help lessen warehouse maintenance costs . Also ,Computers and the communication system have been harnessed to increase the warehouse machine 's productivity

Furthermore , Automation also increases efficiency and flexibility of people both working for the warehouse

III . Detailed Case Study of the use of information technology in the warehouse

Information technology increases the speed and efficiency of transactions . Also , the company must combine strategic management information technology in to reach the company goals . Thus , the company can use information technology in to increase the revenues . The individual items in the balance sheet are used in decision making such as whether to expand the business or to close shop . Furthermore , Microeconomic theory , Information and microeconomic theory have helped each other find jobs . For microeconomics tells us that the basic business structure is centered on the market forces of buying and selling of goods and services

IV Modern methods of inventory management . Compare these terms with more traditional models such as re- point and EOQ

The modern method of inventory management is called the Just In time method . There are over 295 Japanese car parts suppliers that will have been set up to established to supply spare parts to transplant auto assemblers in the United States . And , the transplant suppliers also include a large number of wholly owned Japanese companies along with another , sizable number of joint ventures between Japanese and U .S automotive parts companies . Furthermore , the Just in Time inventory method above is better than the economic quantity method Economic quantity predicts in advance when and how many raw materials will be purchased that will be used to produce the finished products

CONCLUSION

To review , the above four relevant aspects to warehouse space and layout planning should be studied well . Effective slotting tools include the placement of high-volume items close to the point of shipping , use of clear...