INVENTORY SLOTTING
Our warehouse inventory slotting consulting service encompasses a comprehensive analysis of current warehouse operations and inventory placement, followed by the development and implementation of an optimized slotting strategy. The scope of our warehouse slotting consulting service can include:
Assessment of current warehouse layout, inventory profiles, and order fulfillment processes.
Analysis of historical sales orders, purchase orders, and inventory [AM1] [HA2] data to determine demand-driven slotting strategies with consideration of product attributes like weight, size, and other storage requirements.
Classification of inventory based on velocity, turnover rates, and storage requirements.
Development of a data-driven slotting strategy to minimize travel time, reduce congestion, and enhance picking efficiency.
Implementation support, including slotting execution plans and workforce training.
Ongoing performance monitoring and refinement of the inventory slotting to ensure continuous optimization.
Scope
The objectives of our inventory slotting consulting service are typically:
Improved warehouse efficiency
Reduced travel time
Reduced picking errors
Optimized storage utilization
Improved order fulfillment speed
Improved order accuracy
Reduced warehouse labor costs
Objectives
The deliverables of our inventory slotting consulting service can include:
1. Warehouse Slotting Analysis Report
A detailed assessment of the current warehouse slotting setup, including inefficiencies and improvement opportunities.
2. Optimized Warehouse Slotting Strategy
A data-driven inventory slotting plan outlining the ideal inventory placement to maximize warehouse efficiency and minimize pick times. The plan will include categories for SKUs and inventory locations and general rules and constraints for inventory slotting.
3. Warehouse Slotting Execution Plan
A step-by-step guide for implementing the new warehouse slotting strategy at a SKU and location level, including recommended tools and/or processes.
4. Operational Impact Assessment
An evaluation of projected improvements in order fulfillment speed, labor costs, and overall warehouse efficiency given the new optimized slotting strategy. An evaluation using digital twin simulation software to visualize and quantify the operational improvements.
5. Training and Implementation Support
On-site or remote training for warehouse personnel on best practices for inventory slotting and maintenance of the inventory slotting execution.
6. Performance Monitoring Framework
Metrics and KPIs to track inventory slotting efficiency and ongoing recommendations for continuous improvement.
Deliverables
Methodology
Project Kickoff: Learn warehouse requirements and scope of improvements.
Gather & Analyze Data: Collect and analyze all required data pertaining to the operation, both qualitative and quantitative. Compile findings into a quantitative report.
Profile the Data: Profile the customer demand data and understand inventory velocities, product characteristics and storage methodologies, and customer ordering patterns to aid in warehouse slotting strategies. Consider picking strategies and sequencing using historical data.
Finalize Strategy: Detail the overall slotting and sequence strategy and evaluate the productivity gains of the re-slotted warehouse.
Implementation Plan: Create an implementation plan and manage the implementation process of the new inventory slotting updates.
Slotting Documentation: Detail all supporting information into a final package including item location slotting assignments, picking strategy with pick sequence and pick path, layout slotting visual diagram, a final report detailing the warehouse slotting strategy analysis as well as an action plan to maintain slotting assignments.
Why Establish?
Experience
With over 50 years of experience, we have developed our own proprietary Logistics Best Practices assessment and supply chain analytics tools and have designed and improved over 1,000 operations in almost every industry. Our consultants bring expertise to every project to ensure the solution is optimized and meets your business requirements. Please visit our client page to view all our happy customers (https://www.establishinc.com/clients).
Independent and Unbiased
We sell no other products besides our services. This allows our inventory slotting consultants to develop completely unbiased solutions that are independent of any specific supplier or vendor and are customized and specifically designed for your needs.
Full-Service Partner
Our warehouse consulting staff has a deep knowledge in all aspects, including analytics, process improvement, warehouse design, inventory slotting strategies and project management, making them capable of supporting you throughout every step of the process, from discovery through implementation of inventory slotting solutions and beyond.
TOOLS & METHODS
Within inventory optimization we are using state of the art tools and methods. Below you find some of the most important tools:
Establish’s Logistics Best Practices™
Logistics and warehouse operations benchmarking tool
Assign™
Logistics data cleansing, profiling and network optimization software
Logivations
Warehouse simulation software