INTRODUCTION TO FACTORY CONCEPTS, DECISIONS AND OPERATIONS Objectives
Following studying this lesson, you can able to:
Explain the meaning of warehousing;
Recognize the need for warehousing;
Identify several types of warehouses;
Explain the characteristics of ideal warehouses;
Describe the functions of warehouses; and
Enlist the benefits of warehouses.
1 . one particular Introduction
We really need different types of goods in our day-to-day life. We may buy a few of these items in bulk and store them in our house. Similarly, business people also need a selection of goods because of their use. A few of them may not be readily available all the time. However they need individuals items throughout the year without any break. Take the sort of a sugar factory. It needs sugarcane since raw materials for creation of sweets. You know that sugarcane is made during a particular period of the season. Since glucose production occurs throughout the year, there exists a need to source sugarcane continuously. But just how is it possible? Below storage of sugarcane in sufficient quantity is required. Once again, after creation of sugars it requires a while for sale or distribution. Hence, the need for storage area arises the two for organic material as well as finished products. Storage entails proper agreement for protecting goods from your time of their very own production or perhaps purchase until the actual make use of. When this storage is done on a large scale and in a particular manner it really is called ‘warehousing'. The place where goods are retained is called ‘warehouse'. The person in-charge of storage place is called ‘warehouse-keeper'. CHAPTER -- 1
WAREHOUSING & INVENTORY MANAGEMEN
Warehousing refers to the activities concerning storage of products on a considerable in a systematic and organized manner and making them obtainable conveniently as needed. In other words, storage means having or conserving goods in huge volumes from the moments of their buy or creation till all their actual use or sale. Warehousing is among the important auxiliaries to operate. It creates period utility by bridging the time gap between production and consumption of products.
The powerful and successful management of any corporation requires that its component elements function effectively and efficiently while individual SBUs / features and together as an integrated whole company.
Across the supply chains, storage is an important component of activity inside the distribution of goods, from raw materials and operate progress to finished items. It is integral part to the supply sequence network within which this operates and therefore its jobs and targets should sunc with the aims of the source chain. It is not a ‘Stand-alone' element of activity and it should not be a weak website link in the whole source chain network.
Warehousing can be costly regarding human resources along with the features and gadgets required, and its particular performance will certainly affect upon overall source chain efficiency. Inadequate design and style or handling of stockroom systems will jeopardize the achievement of required customer care levels and the maintenance of share integrity, and result in without cause high costs.
The recent developments and challenges on supply chain / logistics-forever raising customer service amounts, inventory optimization, time compression and price minimization –have inevitably changed the structure of supply chains as well as the location and working of warehouses in the supply restaurants network.
STORAGE & INVENTORY MANAGEMENT
Certainly the old concept of warehouses as proceed downs to store goods continues to be outdated. Warehouses perhaps better referred to as syndication centers; can be found primarily to facilitate the movement of materials for the end customer. There are exceptions such as Strategic stock-holding, but in almost all commercial applications; effective and even more efficient movement of components to the customer is the key, even if a few inventory must be held to achieve this.
Warehouses are made in all shapes and forms, form...
Referrals: 1 . Satish K. Kapoor, Purva Kansal – Principles of Syndication Management, may well
approach, prentice-hall of India private limited, New Delhi, 2003.
2 . A. E. Datta – Materials managing, Processes, textual content and instances, second model,
prentice-hall of India non-public limited, Fresh Delhi, 2000.