Optimal Inventory Placement for Effective Warehouse Management

Inventory placement is one of the most important factors in efficient warehouse management. An ineffective slotting strategy will lead to Improper inventory placement which can result in both wasted asset utilization and inefficient warehousing operations. WVPlanner allows for a balance between facility size, inventory requirements and operational efficiency. WVPlanner provides the ability to place inventory within a desired facility configuration and stocking strategy. During the planning process, analyses can be made to answer questions such as “Should the inventory be grouped by like items?” or “Where are the high activity items?”

A Virtual Warehouse - How WVPlanner Works

WVPlanner develops a slotting strategy through the use of templates and rules. A template is the definition of a bay or fixture. Through the use of templates, you define the available or desired configurations within a facility and any special stocking considerations. Once the templates and stocking rules have been defined, specific facility information is provided. In addition to general product information, which can be entered to assist in managing the project, specific warehousing information can be also entered. This may include limitations as to the number of fixtures within the facility or the placement of stock within the fixtures. Separation of items due to hazardous classifications can also be defined.

Basic Warehouse Planner Processing Model

WVPlanner then uses this information to develop a slotting strategy (or inventory placement model) and for determining the number of fixtures. By using the templates as a blueprint, WVPlanner is able to create a "virtual warehouse." A "Virtual Warehouse" allows for various inventory models and stocking strategies to be analyzed. The virtual model also provides the ability to perform "what if" scenarios on a facility.

With additional functionality for customization, reporting, and host/WMS integration, WVPlanner is a valuable tool when developing a slotting strategy or facility design.