MODULE 7-11 Flashcards
activity of transferring goods from reserve stock (or sometimes directly from goods-in) to the picking face
Replenishment
often triggered when the pick face only has a certain quantity of goods left.
Replenishment
These are common in both dedicated and shared-user or public warehouses where third-party logistics companies are providing an allen compassing service to their customers
Value-adding services
described as a delay in the completion of an item until an actual order is received from a customer
Postponement
necessitates the closure of the warehouse for a period of time when all inbound and outbound movements are suspended
full stock count
involves the handling of product returns, transit packaging and surplus items.
Returns processing or reverse logistics
The order cycle time or lead time from order receipt to despatch is continually shortening
Despatch
manage the inventory at stock location and quantity level
stock control systems
the software licence needed to run the system. Typically this is charged by user, PC user or radio data terminal user
license
the costs for project management, training and go-live support.
Professional services
software development costs for requirements not catered for in the package, including interfaces to third-party systems
Development costs
typically an annual cost based on licence costs and often development costs;
Support cost
The system needs to integrate with back-office tasks such as order entry, inventory control, purchase-order modules and invoicing.
Ability to interface with other systems
look for a system where you only pay for the functionalities you require and training and implementation can be quicker
Modular and scalable
With the mobility of staff these days it is essential that the system is accessible remotely over the web and that it is secure with access levels being password protected.
Accessible
Select a WMS that is user friendly. Choose a system that has a point-and-click operating environment and clear, easy-to-read screens.
Ease of operation
Ensure the system supports the widely accepted standards currently in use and isn’t limited to a proprietary standard that your customers may not use.
Standard system
If you are involved in storing Customs and Excise goods, ensure that the system is approved or can be approved by the relevant authorities.
Meets specific needs
Ensure the system provides comprehensive reporting suites and also reports failures.
Reporting capabilities
Look for providers that employ staff with significant operational experience as well as staff with the ability to produce best-in-class WMSs.
Experience
Check how long the company has been in business and what their creditworthiness is like;
Longevity
Make sure that the WMS provider can fully support you during the implementation phase.
Resources
internet-based application that is developed, hosted and maintained by a third-party software provider on secure servers.
Software as a service (SaaS) WMS
your WMS vendor hosts the software application and hardware infrastructure for you
cloud computing