Optimal Inventory Placement and 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 warehouse operations.

WV Planner helps you maintain the balance between facility size, inventory requirements, and operational efficiency. This module enables you to place inventory within the desired facility configuration and stocking strategy. During the planning process, analyses can be made to answer questions involving inventory grouping, high-activity items, and more.

How WV Planner Works

WV Planner develops a slotting strategy through the use of rules and templates. These can be used to 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 warehouse information can be also entered. This may include limitations 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

WV Planner uses the information it records to develop a slotting strategy (or inventory placement model) and determine the number of fixtures. By using the templates as a blueprint, WV Planner creates a virtual warehouse, which allows for various inventory models and stocking strategies to be analyzed. This digital model of the warehouse also enables you to perform “what if” scenarios on a facility.

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