It has been an enriching experience so far in my summer internship. Warehouse logistics is a challenging front , specially when you operate in Just in time model. Continuous replenishment and dispatch complicates warehouse management. It's been an experience filled with new learnings as I got to work on the most challenging dimensions of warehouse logistics - Space optimization, Efficient layouting and maintaining FIFO. ✨Below are my key learnings so far 👇 🏭Space optimization and efficient layouting: 🚀KPIs: % storage utilisation, % operational aisle utilisation, order cycle time, average forklift distance movement, pickup and drop times, average accessibility factor, space fit efficiency. 🚀 In a scenario where warehouse faces space crunch, production rate fluctuates a lot and dispatch rate is not predictable, we need to develop dynamic layout according to current trends. 🚀 Redundancies and space inefficiencies should be eradicated ASAP. 🚀 Layout should follow the current demand pull trend, SKUs with higher demand pull should be nearer to dispatch. It reduces average forklift distance coverage. 🚀 Accessibility is inversely proportional to utilisation and therefore an optimised tradeoff is required. 🏭FIFO: KPIs: FIFO picking accuracy, FIFO flow break, FIFO maintain probability factor. 🚀 Maintaining FIFO in an environment with high dispatch rate, container design constraints, no defined coordinates for storage becomes a major challenge and it requires lot of team effort. 🚀 Real time tracking is the key. Stock levels tracking, dispatch flow tracking, accurate labelling, visibility and effective communication are required to facilitate dispatch of SKUs in perfect FIFO manner 🚀 A layout with high accessibility which can be achieved by allocating highest possible bays to one SKU, can be very effective in maintaining FIFO. 👇Below is a glimpse of my project outcomes so far. It includes revised capacity allocation, metrics to track FIFO and Layout modification. P.S: To uphold company's Data privacy and confidentiality policy, Data presented below is not authentic and is a dummy presentation. #WarehouseOptimization #SupplyChain #Logistics #KPIs #FIFO #DataAnalytics #MBAInternship
Interesting!
Insightful!
Insightful!
GURUKUL Intern ‘23 || Placement Coordinator at VGSoM,IIT Kharagpur || Ex - Pernod Ricard India || Ex-ITC || Haldia Institute of Technology
7moVery informative.