If you import goods, bonded warehouses can save you money. When you exports goods to Europe, you usually have to pay a tariff on those goods. By storing goods in a bonded warehouse, you can delay payments of the duties until the goods are released from the warehouse. In other words, bonded warehouses improve a company’s cash flow.
For example, consider an American company with a bonded warehouse in… Continue reading
When companies implement a Warehouse Management System (WMS), the primary payback they receive typically comes from improved labor productivity, and wave management functionality is often critical to generating that productivity. Wave management is based on intelligently grouping a batch of warehouse activities together for later release to the floor. This batch of work (or “wave”) will be executed concurrently in a particular set period of time.
When I think… Continue reading
Productivity improvements are based on increases in output per hour. A company can’t improve warehouse productivity to the maximum extent possible if it doesn’t understand the places where time is being lost. So, what are the main sources of productivity losses in the warehouse? Here is how I think about it:
Opportunities for Saving Time in the Warehouse (Click to enlarge)
(Editor’s Note: This is the final part of a series on warehouse labor standards. Click here to read Parts 1-5).
The most granular labor standards are based on time studies or predetermined time systems (PTS). MSD and MOST, in turn, are the two most prevalent methodologies used to develop PTS time standards for the warehouse.
I talked to subject matter experts at several consulting and software organizations… Continue reading
When it comes to creating labor standards for the warehouse, both time studies and predetermined time systems (PTS) appear to create highly accurate and granular labor standards. But how objective are they really?
The truth is that there is some subjectivity associated with time studies and PTS. Time studies have something called “pace and skill ratings” that consultants use to normalize the raw stopwatch data. If a worker… Continue reading
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