Capacity Planning – Meaning, Classification and its Goals
February 12, 2025
Introduction The practice of project management has undergone a sea change in the way it is conceptualized and executed. Gone are the days when the project manager operated in silos without and larger picture focus and without any concern for the environmental and the social costs of the projects he or she was executing. In […]
Human Resource (HR): Though the pay rolls preparation through bespoke systems is one of the early adoptions of application software in many organizations, HR module was mostly left out by them, during their early phase of implementation of ERP system, apparently due to routine nature of HR functions, involving mostly some staffing activities. However, need […]
Analysis To start with, Amazon’s SCM has a strategic fit with its competitive strategy of being the retailer of choice for its customers. The combination of multi-tier inventory management, superlative transportation, and highly efficient use of IT (Information Technology), and its wide network of warehouses are all geared towards aligning its SCM with its competitive […]
When an Organization chooses to outsource its inventory management services, the project success hinges on choosing the right partner because the stakes in a warehouse management projects are very high. Besides the impact on the other functions like manufacturing or markets, the third party service provider is the custodian of your inventory which meaning your […]
The small island nation of Sri Lanka now finds itself in the throes of one of the deadliest terrorist attacks that the world has ever seen. On 21st April, i.e. on Easter Sunday, suicide bombers attacked heavily crowded churches as well as hotel lobbies. They ended up killing close to 350 people and destabilizing the […]
Purchase of raw materials is an integral part of any business, i.e. manufacturing organization or service organization.
Purpose of raw material is to be converted into finished goods for selling, but after purchase and before selling, they need to keep in safety and good care. The timeframe of storage can be short period or longer depending upon nature and requirement of materials.
Any damage or theft to the materials is going to increase cost to the organization. So it becomes important for organization to have a robust and effective warehouse as well as material’s management.
The place where raw material and/or finished goods are stored is referred to as warehouse or store. Generally, warehouse is structure or building design keeping in mind raw material and finished goods it is going to store. Therefore, warehouse management should be able to:
If above objectives are met, warehouse management significantly increases the overall efficiency of the production and organization. A robust warehouse management would ensure that:
Warehouse design is art in which goods and material can be stored as to reduce wastage, cost of carrying and increase safety. The various factors considered for warehouse design are as follows:
There are three general ways in which goods are stocked as to reduce material handling and increase prompt access. They are as follows:
Material management is a sub-set of warehouse management dealing exclusively material which contribute the maximum to completion of the end product. The objectives of material management are as follows:
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