NMIMS JUNE 2020 ASSIGNMENT - WAREHOUSE MANAGEMENT CUSTOMIZED ANSWER

WAREHOUSE MANAGEMENT

1. What are the various types of storage methods used by different organizations deals with warehousing Mention any 8.

2. Explain different types of &ldquoEconomic&rdquo & &ldquoOperational / Service Benefits&rdquo of warehousing operation. In each of the category, add examples / scenario to explain.

3. a. Management of one 3 PL company decided to invest an amount of 10 lakhs for an equipment. Due to the automation, there is an effort saving of 1 minutes / order. Assume there is a constant order of 5000 / day. The corresponding operator works 8 hrs / day & per day his salary is INR 1000.

There are no hidden / additional cost involved.

Company appointed you as expert to advise them whether to go ahead with the investment or not.

3. b. Consider the below model & state which 3PL partner you should go ahead with. The rating parameter is 1-5 5 is highest & 1 is lowest.

Category  Target Rating Weightage 3PL Cos 1 3PL Cos 2 3PL Cos 3

Market experience 4 30 4 3 4

Range of services 5 40 5 4 4

Health, Safety & Records 5 30 3 4 5

Management Quality 5 30 4 5 3

Strategy 4 20 3 4 4

Financial Stability 5 10 5 3 2

IT 5 20 4 4 5

Global Coverage 5 10 4 4 3

Reputation 5 10 4 3 5

Shared User / Public warehouse 5 10 4 4 4