In order to cater to the actual situation of large and medium-sized cold storage enterprises, the complicated and delicate cold storage managements are essentially required. The traditional simple and static cold storage management can no longer guarantee the efficient use of various resources of the enterprise. The manual operation and entry of an enormous amount of storage data can no longer meet the new challenges of the complex and dynamic cold storage operations and inventory management. The old methods of managing a modern large-sized cold storage facility are not only time-consuming and labor-intensive but also error-prone, causing huge losses to the enterprise. How to manage a modern cold storage facility in large and medium-sized cold storage? We are glad to share some helpful tips from our expert team.
I. Apply Cold Storage Management Software System
The cold storage management system integrates various functions, such as batch management, material correspondence, inventory counting, quality inspection management, virtual warehouse management, and real-time inventory management, through multiple operations, including warehouse entry, warehouse exit, warehouse allocation, inventory allocation, and virtual warehouse management. The management system effectively controls and tracks the entire logistics and cost management process of the warehousing business, and realizes perfect enterprise warehousing information management. At the same time, the bar code management system was introduced, eliminating the steps of manually logging and sending them to the computer room to solve the shortcomings of obsolete information in the warehouse. The combination of bar code technology and information technology helps enterprises use warehouse space reasonably and effectively, and provide customers with the best service in a fast, accurate, and low-cost manner.
II. Classification Management
Classification management is to classify inventory items into different levels according to the species and the amount of occupied funds, with particularly important inventory (Class A), generally important inventory (Class B) and unimportant inventory (Class C) being separately managed and controlled for different levels.
III. Quantitative Ordering Management
Quantitative ordering method refers to an inventory management method for ordering and replenishing according to the prescribed quantity (generally based on the economic batch EOQ) when the inventory quantity drops to the predetermined minimum inventory quantity (order point). The regular order method is a management method for ordering replenishment inventory at predetermined order intervals.
IV. Critical Factor Analysis (CFA)
The key factor analysis method, the basic idea is to divide the inventory into 3 to 5 categories according to the keyness, for example:
1. The highest priority. This is a key material for operation, and no stock shortage is allowed;
2. Higher priority. This refers to the basic materials in business activities, but occasionally out of stock is allowed;
3. Medium priority. Dado is a relatively important material, which allows out of stock within a reasonable range;
4. Lower priority. These materials are needed in operation, but they are highly replaceable and are allowed to be out of stock.
The CFA management method has a stronger purpose than the ABC classification method. CFA tube: The combination of rational method and ABC analysis method can achieve the purpose of distinguishing the primary and secondary and seizing the key links. In the priority classification of thousands of materials, we have to borrow the ABC classification method for classification.
V. Zero Inventory Management
The idea of zero inventory: The fundamental way to achieve zero inventory is to implement on-time operations, such as on-time procurement, on-time production, on-time distribution, on-time sales, etc. The idea of punctuality is to deliver the required variety and quantity to the required location only when needed. In our country, inventory costs have a great impact on logistics costs. To control the total cost, we must strengthen inventory management, speed up inventory turnover, and compress average inventory. However, enterprises can’t blindly compress inventory. In fact, zero inventory technology refers to the general name of the technology that organizes the supply of materials according to JIT in the field of production and circulation to minimize the entire process inventory, rather than simply making the inventory zero.
VI. Joint Inventory Management (JIM)
Joint inventory management: JIM is an inventory management method based on the logistics coordination center. It can effectively improve the bullwhip effect in the supply chain system, reduce unnecessary inventory, improve the degree of synchronization of the supply chain, and then optimize the overall performance of the supply chain. JMI emphasizes the joint participation of all node companies in the supply chain to formulate inventory management plans. Under the common agreement framework, each node company considers the coordination between each other, and the supply chain standby nodes maintain the same expectations of demand, thereby eliminating Demand variation magnifies. The determination of the needs of any adjacent node enterprise is the result of coordination between the supply and demand sides.
VII. Suppliers Manage User Inventory
Suppliers manage user inventory: This inventory management strategy breaks the traditional separate inventory management model, represents the integrated management idea of the supply chain, adapts to the changing market requirements, and is a new representative inventory management idea. Supplier-managed inventory is the management and control of downstream customers’ inventory based on the production and operation and inventory information of their downstream customers by suppliers and other upstream companies, which can alleviate and suppress the “bullwhip effect” and break through the traditional segmented inventory. The management mode uses systematic and integrated management ideas for inventory management so that the supply chain system can obtain synchronized operation.