Emerging Managers
Mr. Mahesh H Sohanda MBA Batch 2020 -2022 ICFAI Business School, Hyderabad
Warehousing: "Sourcing Is the New Era Commodity, Yet With Continuous Evolution” EEEvolution”
Warehousing and warehouse management is a part of the logistics management system, which in itself is a component of the availability chain. Warehousing plays an important role in the supply chain process. A warehouse is a large, spacious place that is used for the storage or accumulation of goods.
In the ABC warehousing inventory management model, all items within the warehouse are classified by their volume into three categories; A, B, and C type items. This segmentation allows the inventory controller to separate the foremost important inventory items from the not so important items and allows the controller to focus more on better managing the upper inventory value items Although this is often viewed simply to store including the proper amount of Safety stock to goods, warehousing plays a fundamental role avoid stock-outs. within the logistics system. Inbound functions assist to prepare for storage as well as outbound This inventory system is usually used when functions pack and ship orders, resulting in inventory management resources are scarce and/or benefits for both the business and customers. there is a scarcity of an accurate inventory management system present. Some benefits of warehousing can be: Steps to be taken in ABC warehousing: Storage Facility Additional Revenue Conduct inventory survey in warehouse. Distribution Compile demand and production data. Price stabilization Create a list of the volume of stock and their Production support value. What is ABC Warehousing? Classify the inventory in three types (A, B & C) based on the above list created.
KAIZEN’S OPERATIONS & RESEARCH ENTITY
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