A Study on the Warehouse Space Management - Free Essay Example

Sample details Pages: 20 Words: 6051 Downloads: 9 Date added: 2017/09/22 Category Advertising Essay Type Argumentative essay Tags: Study Essay Did you like this example? A STUDY ON THE WAREHOUSE SPACE MANAGEMENT IN ST. JOHN CONTAINER FREIGHT STATION (CFS) PARK A project work submitted to Madurai Kamaraj University in partial fulfillment of the requirements for the award of the degree of Master of Business Administration BY Mohammed Arief Shafras. A (Reg. no: A6900274) Under the guidance of Mr. RM. Somasundaram [pic] Thiagarajar School of Management Thiruparankundram Madurai – 625 009 January February 2008 DECLARATION I hereby declare that this project titled â€Å"A PROJECT ON THE WAREHOUSE SPACE MANAGEMENT IN ST. JOHN CONTAINER FREIGHT STATION (CFS) PARK† was conducted by me in partial fulfillment of the requirements for the award of the degree of Master of Business Administration; No part of this study is either published or submitted elsewhere for the award of any degree. MADURAI DATE: (Mohammed Arief Shafras. A) ACKNOWLEDGEMENT I put forth my heart and soul to thank The Almighty for being with me all through my achieveme nts, success and failures. I express my sincere and whole hearted gratitude to the management of St. John Freight System Ltd, for giving me a opportunity to pursue a valuable project. I take privilege to thank Mrs. Lakshmi. K Dean – MBA (Full Time), for the encouragement and facilities provided to complete this project work. I extend my deep sense of gratitude to Mr. David Raja, general manager, St. John Freight System Ltd, for his interest, valuable guidance and moral support for the project. I wish to thank my internal guide, TSM for his valuable suggestion and guidance throughout the project. It is with feelings of profound thankfulness and gratitude I acknowledge the valuable guidance rendered to me by those who contributed directly or indirectly to this project by providing exactly the kind of help needed in shaping it. I express my love and gratitude to all my family members and friends for motivating and guiding me in many ways during the course of the project. M ohammed Arief Shafras. A BONAFIDE CERTIFICATE This is to certify that the project work titled â€Å"A STUDY ON THE WAREHOUSE SPACE MANAGEMENT IN ST. JOHN CONTAINER FREIGHT STATION (CFS) PARK† is a bonafide work done by Mr. A. Mohammed Arief Shafras in partial fulfillment of the requirements for the award of the degree of Master of Business Administration of Madurai Kamaraj University under my guidance. To the best of my knowledge this is his original effort. Dr. M. NAGARAJU Mr. Mr. RM. Somasundaram PRINCIPAL FACULTY GUIDE Lists of charts: |Chart No. |TITLE |Page No. | |4. 1 |Chart representing the utilization bay floor space, number of columns in each which are more than and|14 | | |less than height of 1. 90 meters. | |4. 2 |Chart Representing the Number of Times the Bay ‘A’ Series has been Utilized on a Particular Day for |16 | | |the Past Six Months on a Particular Day | | |4. 3 |Chart Representing the Number of Times the Bay ‘B’ Series has been Utilized on a Particular Day for |17 | | |the Past Six Months on a Particular Day | | |4. |Chart Representing the Number of Times the Bay ‘C’ Series has been Utilized on a Particular Day for |18 | | |the Past Six Months on a Particular Day | | |4. 5 |Chart Representing the Number of Times the Bay’ D’ Series has been Utilized on a Particular Day for |19 | | |the Past Six Months on a Particular Day | | |4. |Chart Representing the Number of Times the Bay ‘E’ Series has been Utilized on a Particular Day for |20 | | |the Past Six Months on a Particular Day | | |4. 7 |Chart Representing the Number of Times the Bay ‘F’ Series has been Utilized on a Particular Day for |21 | | |the Past Six Months on a Particular Day | | |4. |Chart Representing the Number of Times the Bay ‘G’ Series Has Been Utilized on a Particular Day for |22 | | |the Past Six Months on a Particular Day | | |4. 9 |Chart Representing the Number of Times the Bay ‘H’ Series Has Been Utilized on a Particular Day for |23 | | |the Past Six Months on a Particular Day | | |Chart No. TITLE |Page No. | |4. 10 |Chart Representing the Number of Times the Bay I Series Has Been Utilized on a Particular Day for the|24 | | |Past Six Months on a Particular Day. | | |4. 11 |Chart Representing the Number of Times the Bay ‘J’ Series has been Utilized on a Particular Day for |25 | | |the Past Six Months on a Particular Day | | |4. 2 |Chart Representing the Number of Times the Bay ‘K’ Series has been Utilized on a Particular Day for |26 | | |the Past Six Months on a Particular Day. | | |4. 13 |Chart Representing the Number of Times the Bay ‘M’ Series has been Utilized on a Particular Day for |27 | | |the Past Six Months on a Particular Day | | |4. 4 |Chart Representing the Number of Times Bay ‘N’ Series and Bay New’ has been Utilized on a Particular|28 | | |Day for the Past Six Months on a Particular Day | | |4. 15 |Chart Representing the Number of Times the Bay ‘O’ Series Has Been Utilized on a Particular Day for |29 | | |the Past Six Months on a Particular Day | | |4. 6 |Chart Representing the Number of Times the Bay ‘K’ Series Has Been Utilized on a Particular Day for |30 | | |the Past Six Months on a Particular Day. | | |4. 17 |Chart Representing the Number of Times the Bay ‘Q’ Series Has Been Utilized on a Particular Day for |31 | | |the Past Six Months on a Particular Day | | 4. 18 |Chart Representing the Number of Times the Bay ‘X’ Series has been Utilized on a Particular Day for |32 | | |the Past Six Months on a Particular Day | | |Chart No. |TITLE |Page No. | |4. 9 |Chart Representing the Number of Times the Bay ‘Y’ Series has been Utilized on a Particular Day for |33 | | |the Past Six Months on a Particular Day | | |4. 20 |Chart Representing the Number of Times the goods arrived to the war ehouse on weekdays on the Past Six|34 | | |Months | | |4. 1 |Chart Representing Total number of Full Container Load (FCL) and Less Than Container Load (LCL) |35 | | |stuffed in the warehouse from 3rd January 2008 to 10th January 2008 | | |4. 22 |Chart Representing Number of Full Container load and Less Than Container load stuffed on a weekday |36 | | |days in the warehouse from 3rd January 2008 to 10th January 2008 | | |4. 3 |Chart Representing the variety of container stuffed as Full Container load and Less Than Container |37 | | |Load stuffed in the warehouse from 3rd January 2008 to 10th January 2008 | | |4. 24 |Chart Representing the Variety of Container Stuffed on the Weekdays on the Past Six Months |38 | Lists of Table |Table No. |TITLE |Page No. |4. 1 |Table representing the unused bay floor space, number of columns in each which are more than and less|15 | | |than height of 1. 90 meters and the total number of the columns in each bay. | | |4. 2 |Table Representing the Number of Times the goods arrived to the warehouse on weekdays on the Past Six|34 | | |Months | | |4. |Table representing total number of Full Container Load (FCL) and Less Than Container Load (LCL) |35 | | |stuffed in the warehouse from 3rd January 2008 to 10th January 2008 | | |4. 4 |Table representing number of Full Container load and Less Than Container load stuffed on a weekday |36 | | |days in the warehouse from 3rd January 2008 to 10th January 2008 | | |4. |Table representing the variety of container stuffed as Full Container load and Less Than Container |37 | | |Load stuffed in the warehouse from 3rd January 2008 to 10th January 2008 | | |4. 6 |Table representing the variety of container stuffed on the weekdays on the past six months |38 | |4. 7 |Table representing number of days, some packages stored on the warehouse, which are stuffed during |39 | | |03/01/2008 to 10/01/2008. | Chapter I Introduction 1. 1. Corporate Profile St. John Freight Systems Ltd, established as a firm in 1979, incorporated as a private limited company in 1991 and converted into a public limited company in 1996. Their major businesses are, †¢ Customs Broking †¢ Freight Forwarding †¢ Container Yard †¢ Container Freight Station †¢ Stevedoring Terminal Operations †¢ Liner Feeder Vessel Agency †¢ Charting Agency †¢ Fumigation Service. As a forwarder, St. John has handle over 45,000 Teus of Exports, EX-India per annum to various Countries. They have their Corporate Office at Tuticorin (India) and 22 branches and 35 offices in India and four overseas offices in Singapore, Felixstowe(U. K), New Jersey (USA) Antwerp (Belgium). St. John is one of the prominent market leaders in the field of â€Å"Logistics Service Provider† their Customers / Clients include leading reputed corporate entities, Business Industrial Houses / Multi National Companies (MNCs) in India Overseas as well. Apart from these, St. John has many â€Å"Firsts† t o its Credit, be it the First Private CFS to Bag the ISO Rating/ Recognition. First CFS in India Certified to ISO 9002 standards by BVQI later on ISO-9001-2000 Standards by DNV. St. JOHN CFS PARK The latest addition to St. Johns impressive List of Strategic Business Units is the CFS, a â€Å"State of the Art† CFS Park, which is built as per conforming to International Standards at Tuticorin, situated on the Harbour Express Way, within 8 km, distance leading to the Tuticorin Port, covering 156,000 sq. ft of Warehouse space, including â€Å"bonding† facility, sprawling over 60 acres (0. 0 hectares) including â€Å"Open-Bonding† facility, with fully ‘automated† Electronic Data Interchange (EDI) Facility, supported by adequate infrastructure facilities, including Heavy Equipments, fleet of Heavy Vehicles on 24 hours/ 7 day week service provision. The concept of Container Freight Station has been conceived with the view to de-congest the Port. The C FS is nothing but an extension of Port only. SPECIAL FEATURES OF ST. JOHN CFS PARK †¢ Pioneer Private CFS Operator in the Tuticorin Port area and in existence since 1995, India’s First CFS to be certified ISO 9002 – Standards by BVQI. A total covered warehouse space of 1,56,000 Sq. ft consisting of 95,000 Sq. ft for exports, 45,000 Sq. ft. for import warehousing 16,000 Sq. ft. for import bonded warehouse and built with American Kirby Pre-engineered materials. †¢ All handling Equipments such as one Top Lifter, one Reach Stacker, three cranes, 51 Trailers with prime movers and nine Fork Lifts are owned and maintained by in house technicians and hence, reliability and safety of containers, cargo and personnel. In order to keep pace with International Norms/Standards, our Fork Lifts are Gas Driven to meet â€Å"Eco-Friendly Pollution-free† standards. The 150,000 Sq. ft area of container stacking yard is floored with interlocking blocks and hence, ample s pace for safe stacking and storage of Import containers. †¢ Operations all 7 days and three shifts a day and hence, operations are undertaken on a round the clock basis. †¢ On site processing of documents is done using the Indian Customs EDI Scheme. †¢ A Custom made CFS System enables on line tracking of cargo details. †¢ High quality International standard security arrangements ensure security of cargo. †¢ Administrative block of about 12000 Sq. t which is exclusively marked for Customs, cafeteria, Business center, Bank, Insurance Counter, CFS Customers and administrative office. †¢ CFS located on the Harbour Express Road, distance of 8 kms from Port Green Gate and hence haulage cost is minimized. †¢ Experienced and reputed surveyors. †¢ Overall infrastructure created on an international standard. †¢ Adequate Insurance coverage. †¢ Faster delivery and hence, better vehicle turnaround time. Bay Layout in Export Warehouse of St. John CFS Park [pic] The Export Warehouse of St. John CFS Park contains 308 bays. There are supervisor to manage and to take care of the packages stored in the bays. Each supervisor takes care of eight bays. These supervisors manage packages from about ten Custom House Agent/ Forwarder. Packages handled by the particular Custom House Agent/ Forwarder showed be unloaded on the particular bays through the entry point near the particular bay. The bay series ‘A’ and ‘B’ are allocated to store pallet packages. Apart from these bay there is an additional bay labeled as ‘NEW’. Other than the bay ‘NEW’ all other bay has a minimum storage volume is 30 CBM (Container Base Measurement). CBM = Length * Breadth * Height * Total No. of Packages) 1. 2. About the topic Warehousing is an integral part of every logistics capability. The basic functions of warehouse are movement, storage, and information transfer. A major objective is to provide an idea l product flow and acceptable level of service between the producer and the customer by designated locations with varying inventory levels based on local demand. An Export and Import warehouse provide transit storage facilities for goods awaiting onward movement facilities for break bulk, packaging, inspection, marking etc. Import warehouse also provide customs bonding facilities of deferred payment of duty. Many function of this type of warehouse is storage of goods which are awaiting onward movements, for such kind of warehouse efficient utilization of the floor space is more important. As our Indian economy is booming which results in higher mobilization of goods will be higher with rest of the world. Therefore there will be a higher inflow and outflow of goods. This high traffic of goods could be managed only by the efficient utilization of the floor space. . 3. Implication of the Study This project will help the company to know, how efficient the floor space of the warehouse is utilized. This project will help the company to identify the reasons for the inefficient usage of floor space, if there is an inefficient usage of the floor space has been found. This study also helps the company to know about the pattern of package inflow, stuffing and the usage of bays on weekdays. 1. 4. Scope of the study This study is carried out on St. JOHN CFS PARK of St. John Freight Systems Ltd. The scope of the study covers the storage warehouse which used to store export goods. This study does not include the Custom House Agent/ Forwarder. 1. 4. Need for the study The Indian Export/Import sector is riding high on the booming Indian economy. Optimum utilization of the available infrastructure, which aides the export/import sector is the need of the hour. Warehouse Space Management has a crucial role to play. There is a limited space available in the warehouse; hence the efficient usage of the available floor space was the need of the hour for the company. Chapter II LITERATURE REVIEW 1. Logistical Management – The Integrated Supply Chain Process†, Donal J. Bowersox and David J. Closs Warehouse Management Warehouse is typically viewed as a place to store inventory. However, in many logistics system designs, the role of the warehouse is more properly viewed as a switching facility as contrasted to a storage facility. Storage has always been an important aspect of economic development. In the early stages of its expansion, the United Sates consisted of individual households that functioned as self-sufficient economic units. Consumers performed storage and accepted the attendant risks. Meats were kept in smokehouses, and perishable products were protected in underground food cellars. As transportation capability developed, it became possible to engage in economic specialization. Product storage was shifted from households to retailers, wholesalers, and manufacturers. In the earlier era firms seeking to operate effectively between points of procurement, manufacturing and consumption gave little attention to internal warehouse operations. The establishment of warehouses was essential for survival, but little emphasis was placed on improving storage and handling effectiveness. Engineering efforts were centered on manufacturing problems. Operation of early warehouses illustrated the lack of concern with material-handling principles. The typical warehouse received merchandise by railcar or truck. The items were moved manually to a storage area within the warehouse and hand-piled in stacks on the floor. When different product was stored in the same warehouse merchandise were continually lost. Stock rotation was handled poorly. When customer orders were received, products were handpicked for placement on wagons. The wagons or carts were then pushed to the shipping area where the merchandise was reassembled and hand-loaded onto delivery trucks. Following the World War II, managerial attention shifted toward i ncreasing warehouse efficiency. Management began to question the need for so many warehouses. In the distributive industries such as wholesaling and retailing, it was not unusual for every sales territory to have a dedicated warehouse and inventory. As forecasting and production scheduling techniques improved, the need for extensive inventory buildup was reduced. Production became more coordinated as a time delays during the manufacturing process decreased. Seasonal production still required warehousing, but overall need for storage to support manufacturing was reduced. Changing requirement of the retail environment resulted in a need to utilize warehouses to provide timely and economical inventory assortments to retailers. At the wholesale level of the channel of distribution, the warehouse became a support unit for retailing. Progressive wholesalers and integrated retailers developed state-of-the-art warehouse systems capable of providing necessary retail support. Improvemen ts in wholesale warehousing efficiency related to retailing soon were adopted in manufacturing. Warehouse became an integral part of JIT and stockless production strategies. Using consolidation shipments, products are purchased and transported to the supply warehouse and the distributed to manufacturing plants as needed. When fully integrated, the warehouse is a vital extension of manufacturing. On the outbound side of manufacturing, warehouses created the possibility of direct customer shipment of mixed products. The capability to provide factory direct mixed product shipments appealed to marketers because it enhanced service capability. For the customer, direct mixed shipments have two specific advantages. †¢ Logistic cost reduced because full product assortment can be delivered while also taking advantages of the benefits to consolidated transportation †¢ Inventory of the slow moving products can be reduced because they can be received in small qualities as part of c onsolidation. As the level of competition in the market place increases manufactures capable of rapidly providing direct mixed shipments gain a competitive advantage. During the 1960’s and 1970’s emphasis in warehousing focused on application of new technology. Technology based improvements affected almost every area of warehouse operation created new and better techniques and procedure to perform storage and handling activities. In 1980’s the central focus was on improved configuration of warehouse system and handling technologies During the 1990’s the primary focus of warehousing is flexibility and effective use of technology. Flexibility is necessary to respond to expanding the customer demand in terms of products and shipment profiles. Advanced information technology offers some of this flexibility by allowing warehouse operators to quickly react to changes and measure performance under wide range of conditions. 2. â€Å"BIM and Facilities Mana gement†- AUTODESK ® REVIT ® BUILDING INFORMATION MODELING DWF-based Space Management DWF is a technology platform developed by Autodesk to distribute and communicate design information, without losing critical data and without the recipient needing to know or even have the native design software. In that framework, Autodesk FMDesktop reads DWFs published from Revit and automatically interprets space and room data, without the FMDesktop user needing to know or even have Revit software. The benefits of using BIM (Building Information Modeling) during building design have been well-publicized and are fueling its adoption rate amongst architects worldwide transforming their drawing-based processes to model-based processes. The benefits of using information from a building model for facilities management are likewise ompelling fueling the discussion surrounding building lifecycle management and nudging facilities management towards model-based processes. 3. â€Å"BENCHMAR KING WAREHOUSE PERFORMANCE STUDY†- Summary of Results for Data Collected through April 2006 for Internet-based Data Envelopment Analysis for Warehousing-Leon F. McGinnis, Andrew Johnson Monica Villarreal. iDEAs-W is a tool developed to help warehouse managers understand and benchmark the performance of their warehouses. The iDEAs tool is a free service provided by the Keck Virtual Factory Lab at the Georgia Institute of Technology, and is accessed by pointing a browser to https://www2. sye. gatech. edu/ideas/. The tool is based on a generic performance model of warehousing developed by Hackman et al. (2001) and produces a system efficiency estimate considering several warehouse resources and several warehouse services. The tool uses a mathematical technique called data envelopment analysis to determine a relative efficiency by comparing a single warehouse to the best possible performance estimated from a set of peer warehouses. By April 2006, there were 390 warehouses that ha d complete input and output data. After completing outlier detection, 216 warehouses were used to complete this study. However, not all the 216 warehouses answered every question about practices and attributes. The results of this study should be read with the understanding the presence or absence of a few data points can influence the conclusions for a particular analysis. Chapter III Methodology 1. Objectives 1. Primary Objectives †¢ To Study the Space Management System Followed in the Export warehouse of St. John Container Freight Station (CFS) Park. †¢ To find out the utilization of the floor space of bay in the warehouse. 2. Secondary Objective †¢ To study the pattern of packages inflow on weekdays. To study the pattern of stuffing of packages on weekdays. †¢ To study the usage of bays on weekdays. 3. 2. Research Design Research Design is a master plan specifying the methods and procedures for collecting and analyzing the needed information. Research Desi gn followed in this study is Exploratory Research. 3. 2. 1 Sampling Sampling is the act, process, or technique of selecting a suitable sample, or a representative part of a population for the purpose of determining parameters or characteristics of the whole population. 3. 2. 1. 1 Sample Size: †¢ Measurement of packages stored in 21 bays. Carting Order has been taken for the period of six months from August 2007. †¢ Container Inwards has been taken for the period of six months from August 2007. †¢ Gate Pass for container has been taken for the period of January 3rd to January 10th 2007. 3. 2. 1. 2 Sampling Method: The method of sampling used for the study is Judgment Sampling. Judgment Sampling is a non-probability sampling technique in which an experienced individual to select the sample based upon his/her judgment about some appropriate characteristic required of the sample members. Characteristic of the sample taken: The bay which are full of packages and no more packages could placed are take as samples. 3. 2. 2 Data collection: 3. 2. 2. 1 Primary Data: Primary Data are data gathered and assembled specifically for the study at hand. In this research, Direct Observation is used in this study to collect the measurement of packages. 3. 2. 2. 2 Secondary Data: Data that are collected from published or unpublished sources are known as Secondary data. To study the Space Management in the Warehouse of St. John CFS Park researcher have collected the secondary data from the company database. . 2. 3. Tools for Analysis: The tools used for analysis are, †¢ Bar chart. †¢ Pie Char. †¢ Cross tabulation. †¢ Percentage chart. 3. 2. 4. Limitation of the Study: Temporal: Study is limited to the period of 45 days. Specific: †¢ The study is limited to Export storage warehouse in St. John CFS Park. †¢ This study does not include the Export storage warehouse used to store Tyres. Chapter IV Analysis and Interpretation: 4. 1. Analysi s and Interpretation of the primary data collected for the Study on Warehouse Space Management in St. John CFS Park. 4. 1. 1. Chart representing he utilization bay floor space, number of columns in each which are more than and less than height of 1. 90 meters. Chart No. : 4. 1 [pic] 4. 1. 2. Table representing the unused bay floor space, number of columns in each which are more than and less than height of 1. 90 meters and the total number of the columns in each bay. Table No. : 4. 1. [pic] (CBM – Container Base Measurement) Inference From the above chart and table it could be inferred that the bay X08 floor space is used more than minimum utilization space (30 CBM), 100% of the columns in these bays are above the height 1. 0 meters. The bay E10, G06, H08, G08, O06 and F05 has more unused floor space and all the columns in these bays are of height less than 1. 90 meter. Bay E10 have 33 columns and all the 33 columns are of height less than 1. 90 meters. Bay E10 has the more u nused space of about 24 CBM. Bay X05 and F05 also have more unused floor space about 16 CBM 4. 2. Analysis and interpretation of secondary data collected. 4. 2. 1. Chart Representing the Number of Times the Bay ‘A’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 2. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bay which are closer to the point are most frequently used. 4. 2. 2. Chart Representing the Number of Times the Bay ‘B’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 3. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bay B01 and B12 which are closer to the point are most frequently used. . 2. 3. Chart Rep resenting the Number of Times the Bay ‘C’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 4. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bays which are closer to the point are most frequently used. Bay which are much interior are not used frequently. 4. 2. 4. Chart Representing the Number of Times the Bay’ D’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. 4. 5. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bays which are closer to the point are most frequently used. 4. 2. 5. Chart Representing the Number of Times the Bay ‘E’ Series has been Utilized on a Particular Day for the Past Six Months on a Part icular Day Chart No. : 4. 6. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Bay E08, E09 and E10 are not used frequently. 4. 2. . Chart Representing the Number of Times the Bay ‘F’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 7. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bays which are closer to the point are most frequently used. 4. 2. 7. Chart Representing the Number of Times the Bay ‘G’ Series Has Been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 8. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bays which are closer to the point are most frequen tly used. 4. 2. 8. Chart Representing the Number of Times the Bay ‘H’ Series Has Been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 9. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bays which are closer to the point are most frequently used. H05 bay is used less frequently. 4. 2. 9. Chart Representing the Number of Times the Bay I Series Has Been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. 4. 10. [pic] Inference: From the above chart it could be inferred that bays I07 to I14 are used frequently compared to the bays I01 to I06. The bay I06 is used less. The bays are used frequently on Friday. 4. 2. 10. Chart Representing the Number of Times the Bay ‘J’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 11. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bay J01 is used more frequently on all the days. Bay J06 is used less. 4. 2. 11. Chart Representing the Number of Times the Bay ‘K’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 12. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Monday and Friday. Very little number of goods arrives on Sunday. Bay K01 is used more frequently on all days. Some of the bays are all used frequently on Wednesday. 4. 2. 12. Chart Representing the Number of Times the Bay ‘M’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 13. [pic] Inference: From the above chart it could be inferred that most of the bays are used less. Bay M05 is used more frequently. On Wednesday it was used most frequently. 4. 2. 13. Chart Representing the Number of Times Bay ‘N’ Series and Bay New’ has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 14. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday. Very little number of goods arrives on Sunday. Bays which are closer to the point are most frequently used. Bay New is used on all days except on Sunday. Bay New is used frequently on Thursday. 4. 2. 14. Chart Representing the Number of Times the Bay ‘O’ Series Has Been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 15. [pic] Inference: From the above chart it could be inferred that bay Q10 is used more frequently on all days. Very little number of goods arrives on Sunday. Some of the bays are utilized more often on Monday. Bay O08 is used less on all days. 4. 2. 15. Chart Representin g the Number of Times the Bay K Series Has Been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 16. [pic] Inference: From the above chart it could be inferred that bay P05 is used frequently on all days. Bay P08 and P09 is used less on all days. Most of the bays are used frequently on Friday. 4. 2. 17. Chart Representing the Number of Times the Bay ‘Q’ Series HAS BEEN Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. 4. 17. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Monday and Wednesday. Very little number of goods arrives on Sunday. Bays which are closer to the point are most frequently used. 4. 2. 18. Chart Representing the Number of Times the Bay ‘X’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 18. [pic] Inference: From the above chart it could be inferred that bays are m ore frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bay X13 is used less. 4. 2. 19. Chart Representing the Number of Times the Bay ‘Y’ Series has been Utilized on a Particular Day for the Past Six Months on a Particular Day Chart No. : 4. 19. [pic] Inference: From the above chart it could be inferred that bays are more frequently used on Friday and Saturday. Very little number of goods arrives on Sunday. Bay Y13 is used less. 4. 2. 20. Chart and Table Representing the Number of Times the goods arrived to the warehouse on weekdays on the Past Six Months Table No: 4. 2. Day |MONDAY |TUESDAY |WEDNESDAY |THURSDAY |FRIDAY |SATURDAY |SUNDAY | |Units |1693 |687 |1203 |1333 |2482 |3113 |559 | Chart No. : 4. 20. [pic] Inference From the above chart it could be inferred that 29% of the times goods arrived on Saturdays. 22% of the times goods arrived on Fridays. 4. 2. 21. Chart and Table representing total number of Full Container Load (FC L) and Less Than Container Load (LCL) stuffed in the warehouse from 3rd January 2008 to 10th January 2008 Table No. : 4. . |Container Variety |FCL |LCL | |Numbers |108 |339 | Chart No. : 4. 21. [pic] Inference From the above chart and table it could be inferred in the past six months 76% of the total number of container stuffed in the warehouse was stuffed as LCL. 4. 2. 22. Chart and Table representing number of Full Container load and Less Than Container load stuffed on a weekday days in the warehouse from 3rd January 2008 to 10th January 2008 Table No. : 4. 4. Day |FCL |LCL | |Monday |20 |61 | |Tuesday |10 |82 | |Wednesday |14 |40 | |Thursday |8 |43 | |Friday |17 |43 | |Saturday |22 |35 | |Sunday |17 |35 | Chart No. : 4. 22. [pic] Inference From the above chart it could be inferred that in all weekdays more number of Less Than Container Load are stuffed than Full Container Load. On Tuesday about 80% more number of Less Than Container Load is stuffed than Full Container Load. On Tu esdays least number of Full Container Load is stuffed compared to other weekdays. On Tuesdays more number of Less Than Container Load is stuffed than other weekdays. 4. 2. 23. Chart representing the variety of container stuffed as Full Container load and Less Than Container Load stuffed in the warehouse from 3rd January 2008 to 10th January 2008 Table No. : 4. 5. Variety of Container |FCL |LCL | |20 Feet |80 |116 | |40 Feet |19 |88 | |40 High Cube |9 |132 | |45 Feet |0 |3 | Chart No. : 4. 23. [pic] Inference From the above chart and table it could be inferred that more number of Less Than Container Load is stuffed more than Full Container Load in all variety of containers. 20 Feet Container is stuffed more than other type of container. 100% of 45 Feet container is stuffed as Less Container Load. 4. 2. 24. Chart representing the variety of container stuffed on the weekdays on the past six months Table No. : 4. 6. |Container Variety | |Day | | | |20 Feet |40 Feet |40 High cube |45 Fee t | |Monday |659 |373 |529 |31 | |Tuesday |595 |270 |414 |23 | |Wednesday |529 |278 |478 |47 | |Thursday |523 |394 |443 |25 | |Friday 908 |611 |542 |19 | |Saturday |1086 |578 |712 |5 | |Sunday |45 |2 |6 |0 | |Total |4345 |2506 |3124 |150 | Chart No. :4. 24. [pic] Inference From the above chart it could inferred that in all the weekdays 20 Feet Container is stuffed more than all other container. About 85% of the container stuffed on Sunday is 20 Feet Container. In all weekdays 45 Feet container is stuffed less than 4%. Table No. : 4. 7. Table representing number of days, some packages stored on the warehouse, which are stuffed during 03/01/2008 to 10/01/2008. |SB No |Goods Inwards Date |Goods Outwards Date |No. f days the goods in the warehouse | |6204856 |24/12/2007 |3/1/2008 |11 | |6206601 |27/12/2007 |3/1/2008 |8 | |6206704 |20/12/2007 |3/1/2008 |15 | |6206743 |19/12/2007 |3/1/2008 |16 | |6207134 |21/12/2007 |4/1/2008 |15 | |6207739 |31/12/2007 |4/1/2008 |5 | |6208734 |24/12/2007 |3/1/2008 11 | |6208785 |27/12/2007 |4/1/2008 |9 | |6208856 |27/12/2007 |9/1/2008 |14 | |6208856 |29/12/2007 |4/1/2008 |7 | |6210319 |29/12/2007 |4/1/2008 |7 | |6210439 |28/12/2007 |4/1/2008 |8 | |6210508 |29/12/2007 |4/1/2008 |7 | |6210880 |31/12/2007 |4/1/2008 |5 | |6210900 |29/12/2007 |5/1/2008 |8 | |6211229 |31/12/2007 |4/1/2008 |5 | |6211742 |1/1/2008 |7/1/2008 |7 | |6211781 |2/1/2008 |8/1/2008 |7 | |6211819 |2/1/2008 |7/1/2008 |6 | |6211967 |2/1/2008 |7/1/2008 |6 | |6211968 |2/1/2008 |8/1/2008 |7 | |6212408 |4/1/2008 |10/1/2008 |7 | |6212552 |4/1/2008 |10/1/2008 |7 | |6213528 |5/1/2008 |10/1/2008 |6 | (SB: Shipping Bill) Inference From the above table it could be inferred that some of the packages are stored in the bay for more than 14 days. Most of the packages are stored more than 5 days. More packages are stored in the warehouse more 7 days. Chapter V Findings †¢ The bays X08 and D03 used the floor space more than the average floor space, since all the columns in the b ay are of height more than 1. 90 meters. The bays E10, G06, H08, G08, O06 and F05 have more unused space of about 6 CBM to 24 CBM, because 100% of the column present in bay are of height less than 1. 90 meters. †¢ Free space is created in the bay due to the columns of low height. †¢ Most of the bays are used frequently on Fridays and Saturdays. †¢ Most of the bay is left unused on Sundays. †¢ 22% of the goods arrive on Fridays. †¢ 29% of the packages arrive on Saturdays. †¢ Only 5% of the packages arrive on Sundays. †¢ 76% of the container stuffed in the warehouse is stuffed as LCL. †¢ About 90% of the total number container stuffed on Tuesday is stuffed as LCL. †¢ More number of 40 high Cube is stuffed as LCL Only about 10% of the 40 High Cube Container Stuffed on Tuesday is stuffed as LCL. †¢ On Tuesday more number of LCL is stuffed on the warehouse. †¢ More number of 20 Feet containers is stuffed on warehouse than other type of containers. †¢ 85% of the container stuffed on Sunday is 20 Feet Container. †¢ 45 Feet container is stuffed less than 4% in all the weekdays. †¢ Some of the packages are stored in warehouse more than 7 days. Chapter VI Conclusion Through the project the researcher was able to know about the importance of space management and various factors which affect the floor space utilization of the warehouse. This study gives the researcher an insight of the Export and Import warehouse functioning. The utilization of the floor space in the bay has been measured. The reasons for the inefficient usage of the floor space have been identified. The pattern of goods inflows and stuffing in the weekdays has been studied. The pattern of the usage the bays on the weekdays has been studied. Chapter VII Suggestions: †¢ By converting present storing system of warehouse to rack storing system. So that more number of packages can be stored. †¢ By installing rack storage system in bay X and Y and categorizing these shelves for the storage area of packages which will occupy less height in a column. †¢ Cost for storing the packages can be increased so that packages will not be accumulated for a long time. Storage charges for the packages in the warehouse are made when storage period exceed seven days. This storage period should be reduced. So that the packages will not mount up in the warehouse. Chapter VIII BIBLIOGRAPHY 1. Logistical Management – â€Å"The Integrated Supply Chain Process† by Donal J. Bowersox and David J. Closs. 2. Logistics Engineering and Management –Sixth Edition by Benjamin Blanchard 3. Physical Distribution Management : Logistical Approach by Dr. K. K. Khanna 4. Business research Methods William G. Zikmud 5. www. fmdesktop. com/files/Download/BIM 6. https://www2. isye. gatech. edu/ideas/ Chapter IX APPENDIX Direct Observation Form |Date |Bay No. : |Measurement (cm) |No. of Columns |No. f units in each |Type of Package | | | | | |column | | | | |L |B or R |H | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Don’t waste time! Our writers will create an original "A Study on the Warehouse Space Management" essay for you Create order

Continuing Academic Success Essay - 1196 Words

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Andy Warhol The Goal of His Art Essay Example For Students

Andy Warhol: The Goal of His Art Essay After Warhol moved to New York, work came quickly for him and Within a year Of arriving, he received huge assignments as an advertising artist for a variety of high standing clients such as Columbia Records, Tiffany camp; co. , Vogue, and many Others (The Andy Warhol Foundation. ) Whatever Andy illustrated from shampoo to perfume, there was a sense of decorative originality and it made his work eye catching. He would place various objects in the advertisement and they always had a slight suggestiveness to them, one that businessmen would recognize and approve (Wren 7. Andy stated that he was paid well for his commercial art and whatever was asked of him to draw or paint he would do it, it they wanted corrections he would do it, and after all those corrections, the commercial art would have attitude and style, He believed that the process of creating commercial art was machine-like but it had feeling to it. Whatever he did was machine-like and it that way because he wanted it to be, he believed that machines had less problems and he wanted mechanical depictions. Warhol was motivated by money and he wanted to be a businessman/artist. The goal of his art was to make a profit because TFH business art doesnt support its own space, it goes out of business. (Wren 12. ) Whorls success as a commercial designer was due greatly to his ability to take the uneducated and unskilled collectors and throw them in to the most advanced and sophisticated social setting of professional alienation, this he called advertisement design (Sera 8. ) Then the idea Of Pop Art came in to play. Andy Warhol became the symbol of Pop Art and almost single handedly modernized the aesthetic tradition in the art world (Fearer 5. Pop Art challenged the traditions of fine art by adding in the subjects seen throughout popular culture. Sometimes the subject of the Pop Art is removed from its context and combined with unrelated imagery and material. Pop artists created images that anyone walking down the street would be able to recognize in no time and because of this there was a sense of artistic piracy because these images were not coming from the artists imagination but as something they see and select to make their subject. They were things that ranged from comics and shower curtains o celebrities and bras. They were images of all the great things that abstract expressionists tried 50 hard to not notice at all (Wren 13. ) Andy believed that art should not be tort the select few but tort the mass to America to enjoy. When asked about one of his most famous paintings, The Campbell Soup Can, he said, l wanted to paint nothing. Was looking for something that was the essence of nothing, and the soup can was 21 e) Although as Warhol said he prefers to leave his background as mystery and whenever asked why he made a particular image he makes up a story. He seems to always forget the story he made up the day before and therefore has to come up with a completely new on the next day to satisfy another persons question. Andy Warhol bridges the gap between two primary poles in modern art and they are the formal/constructivist branch and the avian-garden branch (Mayer 32-33. )When creating art he would use silk-screens, which is a technique that uses a woven mesh to support an ink- blocking stencil. The attached stencil forms open areas Of mesh that transfer ink. A fill blade is moved across the screen stencil, forcing ink into the mesh penning for transfer by capillary action during the stroke. Because Andy was not actually drawing on the piece of work, it lost all personal ties with the artist and when he would press the ink filled paper onto what would become the finished piece of work, the lines took an irregular form. Warhol uses repetition in his paintings to guide the on looker away from any feelings of empathy and intimacy. His style ends the need for interpretation because the surface of the work is a recognizable reality that still moves the viewers (Rev 9. Whorls work can best e described using Plats allegory of the cave that man is trapped in a shadowed realm and subjected to the delusion that the shadows are hardly distinguishable from the real world. In Whorls paintings after-images of humanity are projected on a surface that has been altered through color and cosmetics so they become unlike real life. The reason he painted so w ithdrawn can be linked to his lack of social development when he avgas younger, he was unpleasant with his classmates, showed little to no appreciation or interest in anything, but he had always seemed to have a goal in mind. .u66796c820eb46bda5e716456d28c9f6a , .u66796c820eb46bda5e716456d28c9f6a .postImageUrl , .u66796c820eb46bda5e716456d28c9f6a .centered-text-area { min-height: 80px; position: relative; } .u66796c820eb46bda5e716456d28c9f6a , .u66796c820eb46bda5e716456d28c9f6a:hover , .u66796c820eb46bda5e716456d28c9f6a:visited , .u66796c820eb46bda5e716456d28c9f6a:active { border:0!important; } .u66796c820eb46bda5e716456d28c9f6a .clearfix:after { content: ""; display: table; clear: both; } .u66796c820eb46bda5e716456d28c9f6a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u66796c820eb46bda5e716456d28c9f6a:active , .u66796c820eb46bda5e716456d28c9f6a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u66796c820eb46bda5e716456d28c9f6a .centered-text-area { width: 100%; position: relative ; } .u66796c820eb46bda5e716456d28c9f6a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u66796c820eb46bda5e716456d28c9f6a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u66796c820eb46bda5e716456d28c9f6a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u66796c820eb46bda5e716456d28c9f6a:hover .ctaButton { background-color: #34495E!important; } .u66796c820eb46bda5e716456d28c9f6a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u66796c820eb46bda5e716456d28c9f6a .u66796c820eb46bda5e716456d28c9f6a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u66796c820eb46bda5e716456d28c9f6a:after { content: ""; display: block; clear: both; } READ: The Influence Of Technology in Both the Artist and the Art EssayIt is said that Warhol aimed to become like Henry Matisse because he was so well known in his career that all he had to do was tear up pieces of paper and glue them together and they would become 3 masterpiece. Warhol aimed to have that world- Wide recognition (Wren 12. ) He began to portray celebrities in his works of art. Although the works had very similar names, they were done in different fashions. This shows how Whorls work began to progress and become increasingly experimental in such a short amount of time. Both paintings Double Liz and Double Elvis were done in 1963 ND both were done with only the med ium as a connection. For Double Liz, Warhol set two enlarged illustrations of Liz Taylor on a canvas that was primed with silver; there is hardly a contrast in themes and the figure blends into the background. He creates a rectangular form that is placed in front of the silvers background. Double Liz was printed on a single, continuous roll of canvas, When creating Double Elvis, he no longer wanted to show a surface tone and this painting shows Elvis slightly overlapping himself and his dealer Irving Blue was instructed to stretch and cut them to Whorls desired taste. The TNT stars were united in an exhibition at the peruse Gallery. Warhol printed almost entirely on silver backgrounds during his most extreme phase of the exhibitions preparations which amortized his stars not on the great silver screen but in his silver silkscreen paintings (Cant 114-117. ) Warhol said, No matter how good you are, if youre not promoted right, you boons be 23. ) His statement is completely true and this is one of the reasons he took a liking to portraying celebrities in his images. If the celebrities talked highly of him and created a buzz then he would be remembered just as they would. Andy began his film career in the early asss. He vaunted to depict simple scenes of how people could meet each other and what they could discuss. Some films would be of just one actor, smoking or eating because people go to the movies usually to see the star. They were very raw versions of film. Andy wasnt doing experimental film; he was really experimenting With people and the way they behaved as a character. Warhol enjoyed making movies that had no script, especially no plot because if it had a plot and you have seen it once, then you wouldnt want to watch it again because you already know the ending. But if it is just a conversation between two people, then you can catch things you missed the first time. A major theme in all of Antas work is that he enjoys seeing the same image or scene over and over again. He has been called boring because he likes the same things but whether its in his prints or films, you can catch something new and different that you may have noticed the first time you saw them and it might evoke a different feeling upon seeing it again (Andy, The subjects of his movies were unlike those being made in the present day. They were really quite simple. What he created remoter the consumers interests, he created for himself hut the public fell in love. Warhol was a visionary who used such a vague aspect of pop culture and turned it into a phenomenon. No matter which medium of art he chose to engage in, Whorls themes centered on consumerism. His work was driven by the idea of being around celebrities and having money, just a few years later he would become the celebrity and have the most expensive paintings sold in the United States. Works Cited Books: Cant, Hate. Andy Warhol The Early Sixties: Paintings and Drawings 1961-1964.

Efficient Market Hypothesis Vs Behavioural Finance free essay sample

Efficient Market Hypothesis v’s Behavioural Finance An efficient market is one in which share prices quickly and fully reflect all available information, where investors are rational, and there are no frictions. Investors determine stock prices on the basis of expected cash flows to be received from a stock and the risk involved. Rational investors should use all the information they have available or can reasonably obtain, including both known information and beliefs about the future. In an efficient market there is â€Å"no free lunch†: no investment strategy can earn excess risk-adjusted average returns, or average returns greater than are warranted for its risk (Barberis, 2003). Market efficiency is assessed by determining how well information is reflected in stock prices. In a perfectly efficient market, security prices quickly reflect all available information and investors are not able to use available information to earn excess returns as it is already incorporated in prices. We will write a custom essay sample on Efficient Market Hypothesis Vs Behavioural Finance or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The hypothesis that says security prices reflect all available information thus making it difficult for investors to make abnormal returns is the efficient market hypothesis (EMH). The foundations of EMH rest on three basic arguments 1) investors are assumed to be rational and hence they value securities rationally, 2) to the extent that some investors are not rational, their trades are random and hence cancel each other out ultimately having no effect on prices, and 3) if investors are irrational, they will be met in the market by rational arbitragers who will eliminate any influence they have on the market (Lawrence, McCabe Prakash, 2007).