Warehouse Management Report
ASSIGNMENT 1
Warehouse Management Report
(BCO6603)
PRESENTED BY
AKASH PAREKH
Student ID: 3922348
Victoria University
Tutor’s Name: Stephen Paull
Introduction: This report will address all key information of Warehouse Management. This report will give brief idea of Warehouse Management. I have prepared a management report on Warehouse Management, Its Benefits, Details about SAP WM solution & 2 Cases studies according to requirement of Management.
1. What is WM?
WM is called as Warehouse management. It is a major portion of the chain system of supply and mostly focuses to regulate the flow, goods storing inside a warehouse and process the linked transactions. It also includes shipping, receiving, put away, delivery and picking. WM’s main focus is to regulate the movement & storage of goods with receiving, loading, picking within a storeroom. Today WM is widespread unit compare than legacy system & entered into every business and country of the world. Today picking, packing, shipping are involved in WM system.
2. The benefits that it offers:
* Rapid inventory turns: It controls inventory flow and thus reducing times. It also improves the accurateness of inventory accounts and this way supports a Just In Time environment. Because of this, the requirement of Buffer stock decreased. This benefit maximizes inventory totals and use of working capital. * Extra use of Warehouse’s available space: To reduce buffer stock needs, this system rise free space of warehouse. It locates items in well manner so that one can easily find items related to reception, plant, packing, and delivery points in free space of warehouse. Now with this improved productivity, it reduces costs of inventory stock considerably. * Decrease in warehouse bookkeeping: This system helps to decrease paper work which was attached with operations of Warehouse with its realtime feature. It also guarantees regular and perfect movement of goods list and
Warehouse Management Report
(BCO6603)
PRESENTED BY
AKASH PAREKH
Student ID: 3922348
Victoria University
Tutor’s Name: Stephen Paull
Introduction: This report will address all key information of Warehouse Management. This report will give brief idea of Warehouse Management. I have prepared a management report on Warehouse Management, Its Benefits, Details about SAP WM solution & 2 Cases studies according to requirement of Management.
1. What is WM?
WM is called as Warehouse management. It is a major portion of the chain system of supply and mostly focuses to regulate the flow, goods storing inside a warehouse and process the linked transactions. It also includes shipping, receiving, put away, delivery and picking. WM’s main focus is to regulate the movement & storage of goods with receiving, loading, picking within a storeroom. Today WM is widespread unit compare than legacy system & entered into every business and country of the world. Today picking, packing, shipping are involved in WM system.
2. The benefits that it offers:
* Rapid inventory turns: It controls inventory flow and thus reducing times. It also improves the accurateness of inventory accounts and this way supports a Just In Time environment. Because of this, the requirement of Buffer stock decreased. This benefit maximizes inventory totals and use of working capital. * Extra use of Warehouse’s available space: To reduce buffer stock needs, this system rise free space of warehouse. It locates items in well manner so that one can easily find items related to reception, plant, packing, and delivery points in free space of warehouse. Now with this improved productivity, it reduces costs of inventory stock considerably. * Decrease in warehouse bookkeeping: This system helps to decrease paper work which was attached with operations of Warehouse with its realtime feature. It also guarantees regular and perfect movement of goods list and
Bibliography: 1. About Warehouse Management System (WMS), 2004 Introduction and What is WM? viewed on 15th august. <http://www.bestwms.com/index.htm > 2. warehouse management system (WMS),2008 What is WM ? Viewed on 9th August http://it.toolbox.com/blogs/wms-essentials/what-is-warehouse-management-system-wms-18819 3. Case study New Age & Beyond - Sydney,2009 Company case study viewed on 09th august. http://www.naxtor.com.au/company/Case-Study-1-Warehouse-Management-System-WMS.asp 4. Torrington Company – South Carolina case study viewed on 09th august. http://www.tompkinsinc.com/case-study/2012/torrington-company-new-wms-implementation-for-central-dc/ 5. The Business Benefits viewed on 9thAugust http://www.xebusiness.com/case%20studies/bentwood%20wms%20case%20study.html