1.5 Scope and limitation of study
1.5.1 Scope of study The area of this research only will focus on the warehouse of PKT Logistics Group (Penang) Sdn Bhd. Moreover, the respondents only focus on 50 workers or employees that work in PKT logistics Group Sdn Bhd. The questionnaire will distribute to the employees that work in PKT Logistics (Penang) Group Sdn Bhd.
The reasons of the researchers choose worker in warehouse because worker that work in warehouse will have basic knowledge about the overall processes and system in warehouse and can answer the questionnaire without any bias.
In addition, the researcher choose to have a study in PKT Logistics Group Sdn Bhd because PKT Logistics Group Sdn Bhd is one of the logistics and transportation companies that implement latest technology and system such as warehouse management system, renewable energy and other. So, the researchers focus on PKT Logistics Group Sdn Bhd (Penang branch).
1.5.2 Limitation of study
One of the limitations of this study is limitation of data and sources. The information and sources for the world class warehouse performance is not many and only short description only. Because the issue of world class warehouse is still new and not much can make comparison between that. For the journal and article that related to world class warehouse
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Warehouse management system can be tailored and adjusted to suit the daily operation of the warehouse, and usually the full warehouse management system will includes goods receipts, putaway, replenishment, pick and pack, stock counting, cycle counting and kitting which covering all the different aspect of warehouse for fulfil the needs of the users as
Once they develop and implement this inventory control system, inventory records are going to be upheld truthfully and that they will get the accurate standing of the inventory up-to-date. In order to maintain the steady continuous supply for production need... ... middle of paper ... ... ory holding costs, ordering costs, and shortage costs, and have a classification system for inventory items. In conclusion, while reading the case study, I saw much disorganization throughout the company’s entire system.
Inventory management has traditionally been considered as a necessary resource that every company needed. Its primary purpose was to evaluate and control inventory from the raw material level, through the production process and control stage, to the final out-door delivery. These older models of inventory management had several issues, such as inefficient control system, long cycle time, and bureaucratic process. Beginning in the late 1980s, many corporate businesses became deeply interested in developing new inventory management system that will reduce operation cost and expand market chare. Today, the business world is still improving its inventory system. The most effective systems are now not just count products and manage production schedule, but obtain lower prices by making large purchases, and increase inventory turnover. Today, forward-looking corporations build their serious efforts at inventory management systems through implementing new technologies, involved digitization, Internet, high-speed data network, and other e-sources that became available after business outsourcing and globalization.
Lastly, the stores and warehouses are not communicating well which is resulting in confusion for both parties. Store managers waste time by having to spend store hours on the phone with the DC to expedite demanded stock. This time waste can be avoided by properly organizing the warehouse and having informed workers who can get the job done right and on time. Also worth mentioning is the current condition of the warehouse; there is inventory underneath conveyors and scattered across aisles, making it harder to track down stock. Analysis &
The example of companies that have practiced the warehouse management system are Amazon.com, DHL and Walmart.
The furniture company Somerset needs to retain its customer service record and remedy any of its global supply chain issues before it has an adverse effect on the brand and start losing customers. With a frequent change in the product catalog, keeping an excessive inventory will cut its profit and some of the product may become obsolete even before the furniture hits the retail outlet stores. In order to achieve profit and success, business employee many strategies and the supply chain strategy are one of the operational management techniques that use analytical decision making process to achieve the company goals and provide tools to effectively compete in the market (Taylor and Russell, 2014).
“Logistic is the process of planning, implementing and controlling the efficient, effective flow of goods storage of goods, services and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements”
The company that we have chosen as for our report purpose is M.M Enterprise Cash and Carry which is a retail store that provides household goods that is mainly imported from India and other countries for its customers. The store was established in the year 1989; in the past 26 years the retail store had gone through its tough times and as the years has passed the store has progressed well. According to the owner of the retail store, Mr. Mahendran mentioned that it had taken him about 10 years for the company to go through a full swing experience and effort in order the company to progress and currently the company is slowly in the midst of progress. As per our observation that is made, the company has focused on the Indian market
For this topic, we have some important point need to mention about. Firstly, we would like to discuss how the Penske Corporation locate their facility. Secondly, is about the factors influencing the facility location. Thirdly, we would like to talk about how the Penske design the warehouse to their customers. Fourthly, is the way to find out the lowest-cost location. Lastly, we also will discuss about the important of facility relocation and facility closing.
Today work environment company are expecting very high demand from manager and workers that they over sea about job performance to keep than motivated to do they tasks. First the manager has to meet executive level manager’s goals and productivity to keep a companies success. The test book reading stated Organization is people working together to achieve a common goals, that goals also can evaluate the issues about the absenteeism in the workforce. Manager are govern by four functions to keep a business delay functions work first Planning setting performance, second Organization to process assigning tasks, third Leading to process a arousing environment by inspiring others, four controlling to process of measuring work performance.
To educate the employees, the company has done several approaches. For example by conducting an emergency fire training program and through environmental, health and safety newsletter called as EHSAN. Through EHSAN, employees were given information and safety guidelines. The purpose is to educate the employees to do better in their job. One of the main issues happened towards Penang Port is congestion. The congestion occurred at North Butterworth Container Terminal (NCBT). There was a delay in getting vessels into berth. Vessels came late to ship cargo out from NCBT container yard resulting in space constraints. Most of customers are planning to switch to use Port Klang. The reason why congestion occurs was due to increase in container traffic at NBCT, the window for cargo delivery for export was shortened to one and a half day instead of five
Inventory management is a method through which a business handles tangible resources and materials to ensure availability of resources for use. It is a collection of interdisciplinary processes including a full circle of the demand forecasting, supply chain management, inventory control and reverse logistics. Inventory management is the optimization of inventories of manufactured goods, work in progress, and raw materials. According to Doucette (2001) inventory management can be challenging at times; however, the need for effective inventory management is largely seen more as a necessity than a mere trend when customer satisfaction and service have become a prime reason for a business to stand apart from its competition. For example, Wal-Mart’s inventory management is one of the biggest contributors to the success of the company; effective and efficient inventory management is of critical importance.
A detailed analysis should be made on performance of 13 distribution centers – capacity, inventory turnover, costs etc. It appears most of the centers should be closed as they serve as excessive link in the supply chain, accumulating high inventory levels.
Based on my research, one of the challenges faced by logistic company is capacity forecast. Capacity forecast is a general’s capacity theory that we should know it about warehousing. Warehousing it is very important in this industry where they play an important role to store the goods before its loading and unloading once it arrive at the destination point. The requirement for this phase is its transportation. As an example, the used of mode, carrier and protection class. Furthermore, capacity forecast has its own benefits in logistic. Which is, this solution ensure the logistic, manufacturing and supply chain to work together to the same plan (Byrne, 2011). The logistic industry had faced is, widespread their promotion and to work efficiently on land.
Zanjirani F., Rezapour, S. & Kardar, L. (2011) Logistics operations and management concepts and models, 1st ed. London ; Elsevier.
Inventory management involves planning, coordinating, and controlling the acquisition, storage, handling, movement, distribution, and possible sale of raw materials, component parts and subassemblies, supplies and tools, replacement parts, and other assets that are needed to meet customer wants and needs (Collier & Evans, 2009). In order for business and supply chains to run smoothly, they must meet all the listed requirements for effective inventory management. Thus, inventory management must be managed wisely in order to be a successful an...