Saturday 20 September 2014

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Qualitative factor rating method of comparison

Factor rating is a means of assigning quantitative values to all the factors related to each decision alternative and driving a composite score that can be used for comparison. It allows the decision maker to inject his own preferences in to a location decision and it can accommodate both quantitative and qualitative factors.
 Packers and Movers Hadapsar Pune

Procedure for qualitative factor rating
1.     Develop a list of relevant factors.
2.     Assign a weight to each factor to indicate its relative importance weights total 10.
3.     Assign a common scale to each factor ex 0-100 points and designate any minimum.
4.     Score each potential location according to the designated scale and multiply the scores by the weights.
5.     Total the points for each location and choose the location with the maximum points.
Weighted scores are computed by multiplying the score times with the assigned weight and summing those products. Based on this data a location among many would get selected as the preferred location fr the new warehouse.
Factors affecting the number of Warehouses
-         Inventory costs
-         Warehousing costs
-         Transportation costs
-         Cost of lost sales
-         Maintenance of customer service levels
-         Service small quantity buyers

 Packers and Movers Hadapsar Pune

1.6 Functions of the warehouse

1.     Receiving- this includes the physical unloading of incoming transport checking recording of receipts and deciding where the received goods are to be put away in the warehouse. It can also include such activities as unpacking and repackaging quality control checks and temporary quarantine storage for goods awaiting clearance by quality control.
2.     Inspection- quality and quantity check of the incoming goods for their required characteristics
3.     Repackaging- incoming lot may be having non-standard packaging which may not be stored as it is in the respective location. In those cases these materials have to be pre packed in unit loads/ pallet loads suitable for storage.
4.     Put away- binning and storing the goods in their respective locations including the temp locations from the receiving docking area.
5.     Storage- binning the approved materials in their respective locations.
6.     Order-Order picking/ selection- goods are selected from order picking stock in the required quantities and at the required time to meet customer orders. Picking often involves break bulk operations when goods are received from suppliers in say whole pallet quantities but ordered by customers in less than pallet quantity order picking is important for achieving high levels of customer service. It traditionally also takes a high proportion of the warehouse staff complement and is expensive. Goods design and management of picking systems and operations are consequently vital to effective warehouse performance.

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