This document discusses warehouse control, inventory management, and purchasing administration. It provides definitions and overviews of each topic. For warehouse control, it discusses receiving and storing goods, monitoring processes, and making strategic decisions based on warehouse analysis. For inventory management, it covers planning and control of inventory levels. The objectives are to ensure production with minimum inventory investment. For purchasing administration, it discusses managing both internal and external supplier networks and collaborations to optimize procurement.
This document discusses warehouse control, inventory management, and purchasing administration. It provides definitions and overviews of each topic. For warehouse control, it discusses receiving and storing goods, monitoring processes, and making strategic decisions based on warehouse analysis. For inventory management, it covers planning and control of inventory levels. The objectives are to ensure production with minimum inventory investment. For purchasing administration, it discusses managing both internal and external supplier networks and collaborations to optimize procurement.
This document discusses warehouse control, inventory management, and purchasing administration. It provides definitions and overviews of each topic. For warehouse control, it discusses receiving and storing goods, monitoring processes, and making strategic decisions based on warehouse analysis. For inventory management, it covers planning and control of inventory levels. The objectives are to ensure production with minimum inventory investment. For purchasing administration, it discusses managing both internal and external supplier networks and collaborations to optimize procurement.
‘Resume of the warehouse control, inventory management and
purchasing administration. Student name: Ruiz Cruz Marlon Antonio Teacher: Myriam López Pérez Group: DNM42 18/02/2023 Warehouse control Through the knowledge acquired during the classes we have determined key concepts that help us in understanding the topics. The definition of warehousing and inventory storage are not a moder concept. According to Robert Hughes, warehousing is a set of activities that are involved in receiving and storing goods and preparing them for reshipment. It is deemed that warehousing not only serves as a storage facility, but as hub for various other activities, such as receiving, identifying, holding, and assembling inventory and ensuring its availability to meet the demand. The concept of warehouse control refers to the supervision of all processes taking place in a logistics facility. To make sure that goods are shipped without error and at the right time. To have an agile, flexible supply chain adaptable to market changes, your first need to understand it inside and out. Companies that analyze everything occurring in their warehouses and control product movements accurately can make strategic decisions. We can define warehouse control as the set of actions aimed at properly managing goods in a logistics facility: from knowing the amount of stock available to tracking the movements required to dispatch orders. The main purpose of any warehouse is to supply customers, production centers, points of sale, or other facilities with the items requested at the appropriate time. If you don’t keep close control over your operations, you’ll run into major difficulties when it comes to order shipments. For example, if a business doesn’t know exactly how many items it has stored, it will be incapable of effectively organizing replenishment. Consequently, stockouts can happen, slowing down order processing tasks. Organizations can monitor the performance of their operations, from receiving goods to sending orders, to introduce improvements that help increase productivity. This helps for continuous improvement aimed at making small but continuous changes that eliminate unproductive dynamics. Logistics facilities are key for proper business development. Inefficiency in any operations has a direct impact on customers satisfaction and the rest of the supply chain processes. This is why supply chain managers are constantly concerned with analyzing the status of the warehouse to detect problems and solve them as soon as possible. Inventory management Inventory management is the branch of business management that covers the planning and control of the inventory. We have discussed priority and capacity planning and control. Priority planning determines what material are needed and when they are needed to meet customers’ demands. Capacity planning determines the amount of capacity required in each period to execute the priority plans. There are various ways to conduct priority and capacity planning: a ‘’feasible’’ solution that satisfies a customer’s requirement may not be good enough. We demand a ‘’’good’’ plan that satisfies customers while maintaining the lowest possible total cost. Inventory management is the most significant part of the working capital management in majority of the business organizations since inventories constitute on an average about 60 percent of the current assets. The success of any industry depends upon the effective utilization of its inventory. The inventory manager is expected to ensure right inventory at right time with right quality from a right place at right price in order to minimize the cost of manufacturing of products or services. The most difficult area to the management of a firms is the management of inventory. For any organizations, it is possible to reduce its level of inventories to a considerable extent without any adverse effect on the production and sales, by using the simple inventory management techniques. This reduction of inventory volume carries a positive impact on the profitability of the organizations. The most difficult area to the management of a firms is the management of inventory. For any organizations, it is possible to reduce its level of inventories to a considerable extent without any adverse effect on the production and sales, by using the simple inventory management techniques. This reduction of inventory volume carries a positive impact on the profitability of the organizations. Raw material: these are the basic materials that are converted into finished products ready for consumption, which can be stored for future production. Work- in- process: this is the stage at which further process is required to reach the final stage of production. Maintenance, Repair, and Operation Supplies (MRO) Items used in support of general operations and maintenance such as maintenance supplies, spare parts, and consumables used in the manufacturing process and supporting operations. Finished goods: this is the stage of the products which are ready for consumption. The objectives of the inventory management are to ensure maximum and uninterrupted production with minimum investment in inventory. Thus, the efficient inventory management results the following advantages. Purchasing administration. There does not exist many definitions of Purchasing Management and the difference to the well know concept strategic purchasing is not very clear. Strategic purchasing is often described and defined as: when purchasing activities are linked to the corporate strategic planning process. Here is one more explicit definition of strategic purchasing written by Carr and Smeltzer (1997). ‘’Strategic purchasing is the process of planning, implementing, evaluating, and controlling and operating purchasing decisions for directing all activities of the purchasing function toward opportunities consistent with the firm’s capabilities to achieve its long-terms goals.’’ The main focus of this models is that purchasing Management is located at the boundary between a corporate organization’s external and internal business network. The business network is defined as a network of activities, resources and actors( Ford, et al., 2003). On the internal side of the business network the activities are often represented of internal process within the own organization and resources are often owned by the focal firm. The resources are owned by suppliers or jointly owned by different actors such as competitors, customers, and suppliers. The actors on the external side of the industry network are primarily the suppliers. Internal network of activities, resources, and actors. Internal organizational tasks. • Collaborate with the internal network. • Operating purchasing decisions. • Define purchasing strategies. • Organize the boundary interaction. External collaboration tasks: • Mange suppliers It is often considered interchangeable with the term procurement process, but the purchasing process itself is more confined to obtaining goods and services, while procurement refers to the overall framework established to optimize that purchasing for maximum value, savings, and efficiency. A better synonym for the purchasing process is the procure-to-pay(P2P) process. The purchasing process is, at its most basic, as simple as conducting a transaction. Bibliographical sources ALAN RUSHTON, P. C. (2014). THE HANDBOOK OF LOGISTICS AND DISTRIBUTION MANAGEMENT. Kogan Page; Edición 5th ed. (3 enero 2014). MPWANY, M. F. (4TH de JULY de 2005). INVENTORY MANAGEMENT. Obtention de BUSINESS MANAGEMENT https://blog.gieicom.com/warehouse-control-system-por-que-es- importante-implementarl T%20o-en-tus
LARS BEDEY, S. E. (December de 2008). CHALMERS. Obtention PURCASING