how does warehouse if located near by market
TRANSCRIPT
HOW DOES WAREHOUSE IF LOCATED NEAR BY MARKET
REDUCE INVENTORY LEVEL OF DISTRIBUTION POINT AND
RETAILER POINT
PRESENTED BYNAZNEEN-53MAYANK SHARMA -59RUPESH MISAL -71PRATHAMESH NAKHAWA-78 NIKHIL JAGADE -176
WHAT IS INVENTORY
TYPES OF INVENTORIESRAW MATERIAL PURCHASED PARTS AND SUPPLIERSFINISHED GOODSWORK-IN-PROGRESS (PARTIALLY
COMPLETED PRODUCTS)ITEMS BEING TRANSPORTEDTOOLS AND EQUIPMENT
NATURE OF INVENTORIESRAW MATERIAL – Basic input that are
converted into finished product through the manufacturing process.
WORK IN PROGRESS- Semi-manufactured products need some more works before they become finished goods for sale.
FINISHED GOODS- Completely manufactured products ready for sale.
SUPPLIES- Office and plant materials not directly enter production but are necessary for production process and do not involve significant investment.
TWO FORMS OF DEMAND
INVENTORY COSTS
WAREHOUSING Storage or warehousing provides the place
utility as part of logistics for any business and along with transportation is a criteria component of customer service standards
REASONS FOR WAREHOUSINGTo support the companies customer policy To maintain source of supply without
interruptions.To achieve transportation economies To support changing market condition and
sudden change in demand.To provide customers with the right mix of
products at all times and all locationsTo ensure least logistics cost for a desired
level of customer service.
BENEFITS OF WAREHOUSINGCONSOLIDATION WAREHOUSIG
Contd..BREAK BULK WAREHOUSING
WAREHOUSE LOCATION STRATEGY
LOCATION SELECTIONLocation of major marketsNature of product being distributedQuality & Quantity of labor availablePotential for expansionCost and availability of utilities
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