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Warehouse Management Essentials Guide

The document describes the basic concepts of warehouses, inventories, and inventory control. It defines a warehouse as a physical space to store goods and sell products wholesale. It explains the factors for properly managing a warehouse, such as counting, measuring, and weighing the merchandise. It also lists the functions that a warehouse must coordinate, such as receiving, storing, shipping, and coordinating with accounting. Finally, it highlights the importance of inventory control for a company to achieve profitability.

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13 views5 pages

Warehouse Management Essentials Guide

The document describes the basic concepts of warehouses, inventories, and inventory control. It defines a warehouse as a physical space to store goods and sell products wholesale. It explains the factors for properly managing a warehouse, such as counting, measuring, and weighing the merchandise. It also lists the functions that a warehouse must coordinate, such as receiving, storing, shipping, and coordinating with accounting. Finally, it highlights the importance of inventory control for a company to achieve profitability.

Translated by

ScribdTranslations
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

1.- What is the concept of a warehouse?

Space or physical place designated for storing goods or


in which products are sold wholesale.

2.- What are the factors involved in achieving a


adequate warehouse management?
You have to measure, count, and weigh the merchandise.
Responsibility must be held by a single person.
download
Compare the counting result with the documents.
respective (at the time it is dispatched and when it is received)
merchandise, check the invoice).
You must use mobile devices for downloads (security
industrial).
The storekeeper must avoid indiscipline.

3.- List two functions that a warehouse must coordinate.

Reception of materials.
Registration of warehouse entries and exits.
Material storage.
Maintenance of materials and warehouse.
•Despacho de materiales.
Warehouse coordination with the control departments.
inventories and accounting.

4.- How to achieve proper warehouse planning?

A good location of the items.


Have enough space for the distribution of the items to.
sell, (at least 32m2).
Register product entries and exits frequently.
5.- What aspects should be considered in material handling?

•Planning. All material handling must be planned accordingly.


with your needs, performance objectives, and functional specifications
proposals at the beginning of the project.
•Work. The handling of material is equal to the product of the rate deduced from
material handling (volume, weight or quantity per unit of time) by
the distance traveled. The handling of material should be minimized, without
to jeopardize productivity or the level of service required by the operation.
•Load unit. The load unit must be sized and
configured in a way that meets the material flow objectives and
storage at each stage of the logistics chain.
•Use of space. It should be done in a way that makes the system
of more effective and efficient material handling. In the handling of material, the
the concept of space is three-dimensional, usually considered as
cubic space.
•System. The handling and storage activities must be completely
integrated to create a coordinated operating system that encompasses the
receiving, inspection, storage, production, assembly, packaging
selection, shipping, transportation, and handling of returns.
•Automation. Material handling operations must be
machined or automated, whenever possible, in order to
increase effectiveness, responsiveness, uniformity, and predictability
of the system and reduce operational costs by eliminating manual work
repetitive and potentially unsafe.
•Lifecycle cost. The economic analysis must consider the cycle of
life of all systems resulting from material handling, including
all the pantries and expenses from the moment the first value is
an expense to project or acquire a new method or equipment
management, up to the complete elimination or substitution of methods or
equipment.

6.- What is the process of receiving goods?


It is the set of actions aimed at achieving that the goods
received match in price, quality, quantity, and presentation with the
orders placed.
7.- What information must the reception format contain?
merchandise?

Purchase order or request number.


Delivered quantity
•Description of the received items
Origin (supplier name)
Unit of measurement
Observations
Name and signature of the recipient
Name and signature of the person delivering

8.- What is an inventory?


An inventory can be defined as that set of goods, both movable
as properties, with which a company has to trade. From
In this way, with the inventory items it is possible to carry out
transactions, both purchase and sale, as well as
it may be possible to subject them to certain processes of manufacturing or modification beforehand

to trade with them. These buying and selling transactions must


to take place in a specific economic period and must be counted within
of the company's current assets group.
9.-What are some methods for inventory control?
Among the most important methods for evaluating inventories, we have:
Cost or Market the Lowest:

It is based on the lower price of the stock, maintaining the


accounting principle of conservatism which does not anticipate benefits and
prevents potential losses.

The FIFO Method or PEPS:

This method is based on the principle that the first to enter is the first to come out.
appreciation is more in line with market reality, as it employs a
valuation based on the most recent costs.

The UFO Method or UEPS: It considers that all goods that


last in is first out. Its advantage is based on that the
inventory maintains its stable value when there is an increase in the
prices.

The Arithmetic Average Cost Method: The result will be the average.
arithmetic of unit prices of the items.

The Method of Harmonic or Weighted Average: This average is


it will calculate by weighting the prices with the units purchased, to then
divide the total amounts by the total number of units.

The Moving Average Cost Method or the Balance: Calculates the value of the
goods, in accordance with the variations produced by the entries and
outputs (purchases or sales) obtaining successive averages.

The Basic Cost Method: Through this method, costs are attributed
fixed values to the minimum stocks, this method is quite similar
the LIFO with the difference that it is only applied to the quantity of
minimum inventory.
The Retail Price Method: Allows for the estimation of
inventories as frequently as desired. The physical inventory is
will be practiced, based on the sale prices marked on the items.

10.- Why is inventory control necessary?

The importance of inventory control lies in the objective


the primary goal of the company: to obtain profits.

The generation of profits obviously relies largely on


Sales, since this is the engine of the company, however, if the function
the inventory does not operate, effectively, sales will not have material
sufficient to be able to work, the client is dissatisfied and the opportunity for
having profits is dissolved. So, without inventories, simply not
there are sales.

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