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.
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
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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