1 Chapter 15 Typical Storage Management Procedures

2 Objectives of Storage Management  Storage management attempts to prevent loss of merchandise due to  Theft  Pilferage  Spoilage

3 What Is Needed to Achieve These Objectives?  Adequate space  Adequate temperature and humidity  Adequate equipment  Proximity  Access to maintenance  Proper security  Competent personnel  Sufficient time  Storeroom regulations

4 Managing Storage Facilities  Inventory classification and organization  Usage rates  Emergency orders  Surpluses  Stock disposal  Stock transfers

5  Perpetual inventory  Physical inventory  Product cost calculations  Restricted access to storage facilities  Stock requisitions Managing Storage Facilities (continued)

6 Storage Value Analysis  Large properties  Small operations

7 Copyright ©2008 John Wiley & Sons, Inc.