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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...

Automatic Batch Assignment & Order Release

Orders should be assigned to their optimal shipment (1) a group of orders that travel together (2) an individual movement of commodities from an establishment to a customer or to another location of the originating company (including a warehouse, distribution center, retail or wholesale outlet). A shipment uses one or more modes of transportation including parcel delivery, U.S. Postal Service, courier, private truck, for-hire truck, rail, water, pipeline, air, and other modes and pick wave.  The optimal shipment assignment (to a mode, carrier, and specific shipment ) minimizes transportation cost yet satisfies the customer’s response time requirements.  The optimal pick wave assignment (to a group of orders picked together in a warehouse) minimizes the material handling cost yet satisfies the departure time requirement of the order’s shipment .  Order batching should be on-line and in real-time so that delivery time commitments can be made on-line and communicated immediately to the customer.  Once assigned, order release to the transportation management shipment (1) a group of orders that travel together (2) an individual movement of commodities from an establishment to a customer or to another location of the originating company (including a warehouse, distribution center, retail or wholesale outlet). A shipment uses one or more modes of transportation including parcel delivery, U.S. Postal Service, courier, private truck, for-hire truck, rail, water, pipeline, air, and other modes and warehouse management system should be automated in real-time.

 

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