Warehouse Management process of Haque Group Industries Limited.

Abstract

Inside the walls of the warehouse, the utilization of every component-space, people, inventory and equipment-will impact the bottom line in profound ways over time. Warehouse Management enables us to analyze these components continually, so we can conserve effort, fill orders faster and more accurately save space and reduce inventory. In this paper, a preliminary simplified layout of a warehouse using the quantities and sales data obtained from two frontrunners in shoe manufacturing is designed. The data has been analyzed and arranged in terms of the volumetric distribution of the goods, using extensive analysis through pivot tables, pie charts, tables and bar graphs. The proposed layout for the warehouse has been provided towards the end. The paper considers various theoretical considerations to keep in mind before designing a warehouse. It also looks at the need for warehousing, the functions performed by warehousing, and the principles required for designing the layout of a warehouse, with due considerations of the material handling principles for material movement inside the warehouse. In the second part of the analysis, simple linear regression model are utilized to analyze and data for effective determination of the future demand trends in the shoe manufacturing industry and determine the future scope of expansion for demand adjustment. In the final part of the analysis, inventory management policies are utilized, both Continuous Review Policy and Periodic Review Policy, to determine the average inventory level requirements for the warehouse. Finally, Review Policy most suitable for each product line is determined.