See my for more info. Each organization must consider its own peculiarities before setting these factors. Sunk Cost 1 The unrecovered balance of an investment. This requires building a supply chain that has a high level of flexibility and adaptability, with rapid identification of need and rapid fulfilment of that need through the supply chain. Straddle trucks —lift trucks that incorporate outriggers set wide enough to allow a pallet to fit between them.
Synchronization The concept that all supply chain functions are integrated and interact in real time; when changes are made to one area, the effect is automatically reflected throughout the supply chain. This constraint is enforced at the locator level. If the Order Quantity Method parameter is set to Order Up To , the order up to quantity method is used to determine the reorder quantity. When completely depressed it engages the brakes. Bond market, Chicago Board of Trade, Commodity Futures Trading Commission 1163 Words 4 Pages In the following assessment on a warehouse of your own choice I will describe the warehouse and three of its functions, identify what performance measurements are in use for each of the three functions and I will critically evaluate how performance measurements are used to support and improve the performance objectives of the warehouse. Difference between a Bin Card and a Stores Ledger A stores ledger differs from a bin card in the following respects: Bin Card 1 Bin card records particulars of materials only in quantities. Other examples of fill rates would include dollar fill rate comparing dollars shipped to dollars ordered , unit fill rate comparing units shipped to units ordered.
See also Average Cost, Current Cost, Standard Cost, Actual Cost, Landed Cost, First-in-first-out, Last-in-last-out. Therefore, it is often necessary to utilise temporary warehouse space for as short a time a possible. The following represents product assignment to locator s from the product window. Supply Chain Design The determination of how to structure a supply chain. Carton flow rack and horizontal carousels are good applications for pick to light.
Accounts receivable collects money due for goods shipped to customers. Calculation that shows your margin relative to your average inventory investment. Although the concept of coproducts is fairly simple, the programming logic required to provide for planning and processing of coproducts is very complicated and most off-the-shelf manufacturing software will have problems with coproduct processing. Compiere will complete the process and return the result of the Period Action update. Pro forma invoice —basically a fake invoice created to show a buyer what the details of the actual invoice will look like. Note: Although you may create multiple strategy sets, only one can be active and used at any point in time.
Push sorter —a very simple fixed-position sorting device used with conveyor systems. For any exceptions, you can enter the actual values From Locator, To Locator and quantity for that particular task before clicking on the Process button. This is now expanded to five segments Aisle, Bay, Row, Position, and Bin. The received by, receipt date, and comments are updated as well as the closing date and number of closed items. Unless you expect to receive inbound shipments continuously throughout the day, it usually makes sense to handle inbound and outbound shipments in the same area of the warehouse. The Following represents the Zone window. The same is true with the method of picking used.
It is important to note that the flue space is measured as the distance between the loads, not the distance between the racks. Sustaining Activity An activity that benefits an organizational unit as a whole, but not any specific cost object. These materials are stored in bins, racks, almirahs and other equipments provided for the purpose. Public warehouses are most often used to supplement space requirements of a private warehouse. Common examples would include straddle reach trucks and straddle stackers. In many cases we use a sampling of data rather than the entire population. Although document five says it more directly then document one and two all these documents say that trading is bad because it brings out the evil in a man.
Outbound shipments should always have some type of a check in place. Skatewheel conveyer and roller conveyor are the most common types of gravity conveyor used, however, even a simple steel chute is essentially a gravity conveyor. Available to promise may be calculated for each day or broken down into larger time buckets. See also batch picking, wave picking See article on. At a later time in the business flow after shipment , the sales order line may be adjusted or left as-is. Program generator —program generators are software programs that generally provide graphical user interfaces and tools that allow a user to create a program without having to write actual computer code. Alright Beavis, you can stop snickering now.
In contrast to double-deep rack, drive-in or drive-thru rack, or push-back rack where some loads will be stored behind other loads. The riders work great for frequent moving of loads over extended distances within warehouses and manufacturing operations. Dynamic reorder point implies there is some system logic calculating the order point. The following represents a single Warehouse Task window: The following represents a sample Pick List printout for sales order picking. Used in a team environment to identify the skills required by the team and which team members possess those skills. The strategy selection criteria are as follows: Putaway: Product, product category, source zone, source locator, business partner, business partner group.
Salable Goods A part of assembly authorized for sale to final customers through the marketing function. Jackpot Line —this is one of those funky terms that has somehow achieved widespread acceptance in the material handling industry. Smaller businesses may access robotic technology too, by contracting with third-party warehouse providers which thanks to robotic advances, will make outsourcing the most economically viable way to stage and store inventory. This can bring about congestion in staging areas that overflow into aisles. Generally used to transport materials and personnel within industrial facilities. See also article Dock to stock —dock-to-stock has numerous meanings depending on the industry and context.
A chargeback is basically a financial penalty placed against a supplier by a customer when a shipment to the customer does not meet the agreed upon terms and conditions. The difficult part of implementing the formula is getting accurate values for order cost and carrying cost. Backhaul —transportation term that describes the activity of picking up, transporting, and delivering a new load on a return trip from delivering another load known as the fronthaul, though the term fronthaul is not used very frequently. Storage Operations Storage functions are usually an extension of receiving department duties. The following shows some of the product cross references that can be defined. Once the best storage layout is determined, simply remove parts of it to accommodate the other functions.