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KNOWLEDGE LIBRARY

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27Jun

Warehouse Occupancy Percentage

Optimal storage utilization helps enforce healthy inventory management. In our early work with Honda their...

02Jun

Efficient Procurement Inventory

Efficient procurement inventory (EPI) is often required to realize steep discounts when a special opportunity...

02Jun

Inventory Carrying Rate

The inventory carrying rate (ICR) is the percent of the unit inventory value used to...

26Jun

Inventory Activity Profiling & Data Mining

Suppose you were sick and went to the doctor for a diagnosis and prescription.  When...

27Jun

Inventory Performance Measures

Inventory performance measures include financial, productivity , quality, and response time indicators for evaluating the efficiency and...

Handling Unit Inventory Profile

In this example, we convert the item-family inventory distribution into a distribution describing on-hand inventory in terms of pallets of merchandise on-hand.  As a result, we can recommend the appropriate mix of pallet storage modes.  For example, the 10,000 SKUs with less than a pallet of inventory on-hand should probably be stored in shelving or decked racking.  The 1,200 SKUs that have 1 or 2 pallets on-hand should probably be stored in single-deep pallet rack.  The 500 SKUs that have 3-5 pallets on-hand should probably be stored in double-deep and/or push-back rack.  The remaining SKUs, those with more than 10 pallets on-hand, should probably be stored on the floor in deep block stacking lanes, in drive in/thru rack, and/or in pallet flow lanes.

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