Warehousing and Inventory Management Essay Example | Topics and Well Written Essays - 3000 words - 1

Warehousing and Inventory Management - Essay ExampleProper line of descent guidance helps join on operational efficiency across businesses, improve customer service, and reduce inventory & distribution costs. The inventory management system and inventory break process provide information to manage the flow of materials efficiently, utilize mess and equipment effectively, co-ordinate internal activities, and communicate with customers. Inventory management does not make decisions or manage trading operations they provide information to managers who make more accurate and timely decisions to manage their operations. Inventory management must be designed to meet the dictates of the market place and support the companys strategic plan. The inventory management approach should be updated according to the changes in market demand, new opportunities due to world across-the-board marketing, global sourcing of materials, and new manufacturing technologies.According to Smith (1998 ), t he primary finite resource of a warehouse is space. The proviso of this key physical factor is very important for the operating efficiency of the warehouse. To meet the objectives of warehouse, proper training of warehouse space and layout requirements is imperative. The most important functions of a warehouse occur on the receiving and deportation docks where the control of merchandise is transferred, whether products are brought into the warehouse or taken from it. An important prerequisite of efficient, safe and accurate receiving and shipping activities is enough space in which to perform them. Let us review the following critical factors for determine warehouse space and layout planningi) Staging Area - The majority of warehouses require a staging field of battle directly behind the dock maneuvering aisle. The staging field of battle for receiving acts as an immediate depository for materials unloaded from the carrier. This area serves as an accumulation point for the merc handise that