1) The document analyzes space utilization in a 1,38,000 square foot warehouse operated by UTI Worldwide for Ford India.
2) It identifies two non-moving parts, PD6BBA044L00DDB5NF and PD6BBA044L00FDB5NF, occupying 82 locations that have not moved in 60 days.
3) By rearranging these parts, the analysis reduces the number of locations used from 66 to 7, freeing up 495 square feet of space valued at 495.12 rupees.
Stores management is part of the overall function of materials management. In order, therefore, to understand the function of the former it is desirable to have a clear understanding of what materials management stands for.
According to Alford and Beatty “storekeeping is that aspect of material control concerned with the physical storage of goods.” In other words, storekeeping relates to art of preserving raw materials, work-in-progress and finished goods in the stores.
Warehouse Management is presented by Welingkar’s Distance Learning Division. Warehouse is a combination of two words ”ware” and “House” which means that it is a place to house or store/keep wares i.e. items/articles for sale. This presentation includes different aspects of warehouse like function, storage, types of stacking and others.
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Stores management is part of the overall function of materials management. In order, therefore, to understand the function of the former it is desirable to have a clear understanding of what materials management stands for.
According to Alford and Beatty “storekeeping is that aspect of material control concerned with the physical storage of goods.” In other words, storekeeping relates to art of preserving raw materials, work-in-progress and finished goods in the stores.
Warehouse Management is presented by Welingkar’s Distance Learning Division. Warehouse is a combination of two words ”ware” and “House” which means that it is a place to house or store/keep wares i.e. items/articles for sale. This presentation includes different aspects of warehouse like function, storage, types of stacking and others.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/DistMang
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
Contains the meaning of store, Retail Store And store Management
Responsibilities of store manager
Store security and store equipments
parking space at reatil centres
https://youtu.be/PuhgTVN_E_I
Click on the link to watch full video on youtube
Inventory means stock of goods like raw material, work in progress, stores of finished goods, consumables etc.
Inventory management means planning, organizing, handling and storing adequate level of inventory with optimized cost to meet consumer’s demand.
There are two most significant costs involved in managing inventory (ordering cost and carrying cost)
Inventory occupy 50–80% of the total current assets of the business concern. It is very essential part of working capital management and production management.
ECONOMIC ORDER QUANTITY
Economic Order Quantity (EOQ) refers to the optimum level of inventory at which the total cost of inventory comprising ordering cost and carrying cost is minimum maintaining the forecasted demand adequacy.
FORMULA : EOQ = √2AO / C
A - Annual consumption, O - Ordering cost per order, C - Carrying cost (expressed in percentage terms of purchase price per unit)
A-B-C ANALYSIS OF INVENTORY
It is the inventory management technique that divide inventory into three categories based on the value and volume of the inventories.
In most inventories a small proportion of items accounts for substantial usage and high monetary value while a large proportion of items accounts for small usage and low monetary value.
ABC analysis advocates a selective approach to classify and focus greater concentration on inventory items accounting for high monetary value and bulk usage.
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Subscribe to DevTech Finance
Space and Inventory Managemet Program at Panasonic India WarehouseNavneet Dwivedi
Presentation on Study of Warehouse operation of Panasonic India, improvement programs on space and inventory management using Cube Utilization, Pareto and ABC analysis.
Contains the meaning of store, Retail Store And store Management
Responsibilities of store manager
Store security and store equipments
parking space at reatil centres
https://youtu.be/PuhgTVN_E_I
Click on the link to watch full video on youtube
Inventory means stock of goods like raw material, work in progress, stores of finished goods, consumables etc.
Inventory management means planning, organizing, handling and storing adequate level of inventory with optimized cost to meet consumer’s demand.
There are two most significant costs involved in managing inventory (ordering cost and carrying cost)
Inventory occupy 50–80% of the total current assets of the business concern. It is very essential part of working capital management and production management.
ECONOMIC ORDER QUANTITY
Economic Order Quantity (EOQ) refers to the optimum level of inventory at which the total cost of inventory comprising ordering cost and carrying cost is minimum maintaining the forecasted demand adequacy.
FORMULA : EOQ = √2AO / C
A - Annual consumption, O - Ordering cost per order, C - Carrying cost (expressed in percentage terms of purchase price per unit)
A-B-C ANALYSIS OF INVENTORY
It is the inventory management technique that divide inventory into three categories based on the value and volume of the inventories.
In most inventories a small proportion of items accounts for substantial usage and high monetary value while a large proportion of items accounts for small usage and low monetary value.
ABC analysis advocates a selective approach to classify and focus greater concentration on inventory items accounting for high monetary value and bulk usage.
Thank you for watching
Subscribe to DevTech Finance
Space and Inventory Managemet Program at Panasonic India WarehouseNavneet Dwivedi
Presentation on Study of Warehouse operation of Panasonic India, improvement programs on space and inventory management using Cube Utilization, Pareto and ABC analysis.
Multi products storage using randomnessIJRTEMJOURNAL
The following Project shows the benefits of a research established into a multi-products
warehouse belongs to an automotive industry supplier. The main goal was applied a tool recognizing the rules
for distribution and material storage. Once the research was completed, the benefits were, the idle times
reduction per hours/week by the two initial processes. The politics for storage assignment and location, propose
a system to improve the space into this areain order to avoid material management and flow issues. It is
important to mention, the system proposed could be applied into warehouses with storage size and space
restricted by sorting area, also different material types, production settings and physical specifications for
which set warehouses with traditional management of distribution without slack, involves lack of materials,
pieces without records, incorrect location assigned, stock error.
The following Project shows the benefits of a research established into a multi-products
warehouse belongs to an automotive industry supplier. The main goal was applied a tool recognizing the rules
for distribution and material storage. Once the research was completed, the benefits were, the idle times
reduction per hours/week by the two initial processes. The politics for storage assignment and location, propose
a system to improve the space into this areain order to avoid material management and flow issues. It is
important to mention, the system proposed could be applied into warehouses with storage size and space
restricted by sorting area, also different material types, production settings and physical specifications for
which set warehouses with traditional management of distribution without slack, involves lack of materials,
pieces without records, incorrect location assigned, stock error.
Warehousing is expensive. cost of the land, building, machinery, labor and the items stored in the warehouse –consumes bulk of money
How do the companies reduce this cost
Maximize the operation by
Streamlining the placement and picking of goods
Reducing the time goods are stored in the warehouse
Automating as much as possible to minimize labor costs
Layout planning is deciding on the best physical arrangement of all resources that consume space within a facility.
Decisions about the arrangement of resources in a business are not made only when a new facility is being designed; they are made any time there is a change in the arrangement of resources, such as a new worker being added, a machine being moved, or a change in procedure being implemented.
Layout planning is performed any time there is an expansion in the facility or a space reduction.
1. WAREHOUSE SPACE UTILIZATION OF THE
UTI WORLDWIDE WAREHOUSE
SUBMITTED UNDER PARTIAL FULFILLMENT OF MINI PROJECT IN
WAREHOUSE SPACE UTILIZATION FOR UTi WORLWIDE
BY
PRAVIN RAJ M
(Management Trainee)
Of
UNDER GUIDANCE OF
Mr. Mahesh Prabakar
(INDUSTRIAL ENGINEER – CL & D)
2. INTRODUCTION
UTI WORLDWIDE proposes to provide warehouse facility for the FORD INDIA
PRIVATE LTD. The proposed unit envisages providing facility in the field of safe storage
of car manufacturing products by making standard warehouse with all type of required
safety measures. The warehouse operation has been working for more than one year and
it undergoes Inbound and out bound operation. It receives the various cars parts from the
FORD plant and send back to the Ford plant when it is required. It almost contains more
than 750 parts in the warehouse which also includes both the vehicle parts and engine
parts.
WAREHOUSE AT A GLANCE
1. Unit : UTI WORLDWIDE
2. Location : Kuthambakkam
3. Status : Rent
4. Storage capacity : 1, 38,000 square feet
5. Annual Rent : ----------
7. Man-power : 200 (~)
8. Client : Ford India Pvt Ltd
9. No of fork lift : 8
10. No of locations : A to z (01 to 41)
3. SITE DETAILS
1. Location : Padur road, kuthambakkam
Chennai-107
2. Power : Available through TNEB
3. Water : Available from Tube well
4. Transport Facility : Own transport facility is available.
5. Medical Facility : Available
6. Post Office : Available
7. Bank Facility : Available
PROJECT SUMMARY
In the warehouse it is responsibility to make sure that we have sufficient location
available for all the parts that are to be stored in the warehouse. This is quite challenging
task. Warehouse space is somehow so expensive and must avoid the empty free space
and also to make sure there is free space in the warehouse when the goods arrived. If
suppose there is shortage of location when the goods arrive in the warehouse it may result
into a huge financial loss to the company and production stops in the plant. From the
above line mentioned here the project report has been prepared to reduce the space
utilized by the NON-MOVING parts for more than 60days in the warehouse. It has been
analyzed in the various format and ensured for moving pallets in the warehouse.
4. DATA ANALYSIS
The analysis has been done for finding out the NON-MOVING parts in the
warehouse. As a result of that the two parts which are not moving for more than
60days in the warehouse is
They are
PD6BBA044L00DDB5NF
PD6BBA044L00FDB5NF
Steps involved:-
Step 1:-
Step 2:-
Quantified the current location of the pallets in warehouse.
Analyzing how much space the pallet is utilizing.
Estimating & measuring the location pallet to reduce the space and allocateand
the pallets within minimum locations.
Step 3:-
Step 4:-
Reducing the number of locations used by the pallets my arranging in the orders.
Details of the pallet:-
Total no of pallets that are not moved are
Part Number
PD6BBA044L00FDB5NF
PD6BBA044L00DDB5NF
Qty
40
42
Number of location occupied by these two pallets is
Part Number
PD6BBA044L00FDB5NF
PD6BBA044L00DDB5NF
TOTAL
Qty
40
42
82
Locations
34
32
66
7. SPACE CALCULATION (PD6BBA044L00FDB5NF)
Area covered for single pallet (before -PD6BBA044L00FDB5NF)
Points to be noted: - This is the actual measurement of keeping pallet in the
warehouse but it was not in this manner.
BEFORE (for two pallets –double stacking)
Location
2
Dimension
Length (m)Width (m)
31.7
Area (m)
5.1
AREA ( square feet)
54.8913
1
For 42 pallets
(ie.,Double stacking) =
1152.72
AFTER (for two pallets –double stacking)
Location
2 2.34
Dimension
Length (m) Width (m)
1.7 3.978 42.815214
Area (m) AREA (square feet)
2
For 42 pallets
(ie.,Double stacking) =
899.12
8. SPACE CALCULATION (PD6BBA044L00DDB5NF)
Area covered for single pallet (before -PD6BBA044L00DDB5NF)
Points to be noted: - This is the actual measurement of keeping pallet in the
warehouse but it was not in this manner.
BEFORE (for two pallets –double stacking)
Location
2
Dimension
Length (m)Width (m)
31.7
For 40 pallets
(ie.,Double stacking) =
Area (m)
5.1
AREA (feet)
54.8913
1097.83
AFTER (for two pallets –double stacking)
Location
2
Dimension
Length (m)
2.34
Width (m)
1.7
Area (m)
3.978
AREA (feet)
42.815214
4
For 40 pallets
(ie.,Double stacking) =
856.30
-5-
9. TOTAL SPACE CREATED IN THE
WAREHOSUE AFTER THE
ARRANGEMETNS OF THESE PALLETS
(By subtracting (1 + 3) – (2 + 4) )
____
495.12
TOTAL COST SPEND FOR THIS
SPACE IN THE WAREHOUSE IS
(assumptions Rs 1/feet)
____
495.12
The 495.12 which is equal to 7 locations
in the warehouse
(One location occupies 64.57 feet)
10. CONTINGENCY PLAN FOR THE SPACE UTILIZATION IN THE
WAREHOUSE:-
As already mentioned above, necessary
actions to be taken for these kinds of pallets in the warehouse. And manage the
space that is available and make sure that the inbound parts can be stored in the
warehouse. Information about current and forecasted space utilization can enable
the warehouse manager to make decisions about where items should be stored.
This report can help the warehouse manager to identify problems with missing
empty space for items that will arrive today or in the future and it can provide
sufficient space for the pallets to keep in unused space.
For avoiding the space related issues, we should
analyze the current capacity of the warehouse and total capacity of the warehouse.
We should segregate the pallets into moving and non moving pallets in the
warehouse which have separate locations for each and this reduce the movements
of the Fork lift for the various locations to the pick the pallets. These kind of actions
to be taken for the betterment of the space utilization in the warehouse.
By,
PRAVIN RAJ M
(Management Trainee)