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    Stock Location Methods

    Uploaded by

    Philip K Biego
    The document discusses three common methods of stock location: fixed location, random/floating location, and zonal location. Fixed location assigns each item a permanent storage space. Random/floating location stores goods wherever there is available space. Zonal location divides the warehouse into zones based on characteristics like item type or package size. The methods each have advantages like organization and space utilization, and disadvantages like administrative burden and needing updated inventory information. A good stock location system is simple, secure, permanent, flexible, and expandable.

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    Stock Location Methods

    Uploaded by

    Philip K Biego
    262 views2 pages
    The document discusses three common methods of stock location: fixed location, random/floating location, and zonal location. Fixed location assigns each item a permanent storage space. Random/floating location stores goods wherever there is available space. Zonal location divides the warehouse into zones based on characteristics like item type or package size. The methods each have advantages like organization and space utilization, and disadvantages like administrative burden and needing updated inventory information. A good stock location system is simple, secure, permanent, flexible, and expandable.

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    stock location methods

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    The document discusses three common methods of stock location: fixed location, random/floating location, and zonal location. Fixed location assigns each item a permanent storage space. Random/floating location stores goods wherever there is available space. Zonal location divides the warehouse into zones based on characteristics like item type or package size. The methods each have advantages like organization and space utilization, and disadvantages like administrative burden and needing updated inventory information. A good stock location system is simple, secure, permanent, flexible, and expandable.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    262 views2 pages

    Stock Location Methods

    Uploaded by

    Philip K Biego
    The document discusses three common methods of stock location: fixed location, random/floating location, and zonal location. Fixed location assigns each item a permanent storage space. Random/floating location stores goods wherever there is available space. Zonal location divides the warehouse into zones based on characteristics like item type or package size. The methods each have advantages like organization and space utilization, and disadvantages like administrative burden and needing updated inventory information. A good stock location system is simple, secure, permanent, flexible, and expandable.

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    Methods of stock location

    They include

    1. Fixed location
    2. Random /floating location
    3. Zonal location

    Fixed location
    A location assigned to a specific item .the item is always stored that location in other word
    materials are assigned a permanent location in a warehouse. The storage system is more or
    less static

    The code number of the materials stocked is usually the basis for the determination of the
    location of each item e.g. books in the library.

    Advantages

     It’s easier to locate materials if they have a specific place assigned for them
     You can map out your warehouse and create a home for all your products
     It provides for good organization
     It is easier to train employees on stock retrieval.
    Assignment

    Disadvantages of fixed location.

     Space. For many fixed-position layouts, the work area may be crowded so that little
    storage space is available. This also can cause material handling problems.
     Administration. Oftentimes, the administrative burden is higher for fixed-position
    layouts. The span of control can be narrow, and coordination difficult.

    Random /floating location


    It is a location system where goods are stored whenever there is an appropriate space for them

    A random location system is used to store the different types of stock with the help of
    computer applications.

    Advantages of random location

     Suitable for fast moving items eg assemblies’ shops and work in progress stores.
     Enhances space utilization
     Time spent searching for material-handling tools is reduced.
     Inventory management is made easier.

    Disadvantages of random location

     Requires accurate and up to date information on items location and the availability of
    empty storage space.
     Reference to the computer to determine location of an item is necessary before an issue
    can be made.
     There must be frequent data entry that is time consuming.

    Zonal location
    Its where the warehouse is broken down into zones each defining specific characteristics of a
    location

    Zonal may be created by grouping related items /parts together,


    Package sizes –can be arranged in a way that you put the items with large packaging at the
    bottom Ordering –place items according to the way they have been ordered or are usually
    ordered

    Advantages

     Is easier to locate a product


     Its flexible
     Both memory and logic are the basis for finding a product
     A material handler can determine where a product might be kept

    Features of a good stock location

    1. Simplicity: Keep it simple should be easy to operate


    2. Security: it should be in a such a way that all the materials are secured together with
    those handling the
    equipment’s
    3. Permanent: a location system with permanence allows you to have high quality labels
    that do not have to be replaced when the physical building or storage equipment change
    4. Flexibility:
    5. Expandable

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