IMPROVING WAREHOUSE AND INVENTORY MANAGEMENT: : Operational Efficiency and Transport Safety.
Addy-Tayie, Nicholas (2012)
Addy-Tayie, Nicholas
Jyväskylän ammattikorkeakoulu
2012
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2012121018842
https://urn.fi/URN:NBN:fi:amk-2012121018842
Tiivistelmä
This Thesis work was done to analyze the current operations involving the finished-goods and fertilizer warehouse managements, as well as the fertilizer inventory management of Ghana Rubber Estates Limited (GREL). The aim was to explore improvement areas necessary in enhancing operational efficiency and transport safety, and come up with ways of improving the warehouse and inventory management.
In this work, theoretical discussion was used alongside with the current operations of GREL to come up with the improvement suggestions. Some of these areas included warehouse management, inventory management, internal transportation, transport safety and operational efficiency.
With regard to the company’s current operations, the importance of each of the different kinds of fertilizers held in inventory was analyzed using the 80/20 rule, or the ABC analysis. The means of placing orders and the number of orders were also discussed, related to their appropriate timing. The outline of both the finished-goods and fertilizer warehouses, the equipment used and the means of operation were discussed as well.
At the end of the work, suggestions were made for improvement in the management of both warehouses as well as the fertilizer inventory. Those suggestions included modifying the storage facilities in the fertilizer warehouse, as well as floor demarcation by the striping or marking of the finished-goods warehouse. The suggestion for improving the fertilizer inventory management was reduction in the inventory levels. This was to be done by, first, negotiating for shorter lead time and then, using seasonal ordering policy.
In this work, theoretical discussion was used alongside with the current operations of GREL to come up with the improvement suggestions. Some of these areas included warehouse management, inventory management, internal transportation, transport safety and operational efficiency.
With regard to the company’s current operations, the importance of each of the different kinds of fertilizers held in inventory was analyzed using the 80/20 rule, or the ABC analysis. The means of placing orders and the number of orders were also discussed, related to their appropriate timing. The outline of both the finished-goods and fertilizer warehouses, the equipment used and the means of operation were discussed as well.
At the end of the work, suggestions were made for improvement in the management of both warehouses as well as the fertilizer inventory. Those suggestions included modifying the storage facilities in the fertilizer warehouse, as well as floor demarcation by the striping or marking of the finished-goods warehouse. The suggestion for improving the fertilizer inventory management was reduction in the inventory levels. This was to be done by, first, negotiating for shorter lead time and then, using seasonal ordering policy.