Stock Accuracy During The Warehouse Transfer Process Of India Distribution Centre (Idc), Caterpillar

Abstract

The purpose of the study is to identify the various issues related to maintaining stock accuracy during a warehouse transfer. A warehouse transfer is a process where the inventory of a company is transported from a former warehouse to a new one pertaining to various reasons like expansion, merging, etc. The goal of the study is to identify the various problems faced in maintaining stock accuracy and to gain a knowledge of how to ensure the stock accuracy during the transfer. Descriptive research methodology is adopted and sampling is done based on the convenience of the researcher. The samples selected are the employees and contract labourers working in the transfer process. The sample size chosen is 15. Through this study, it is observed that most errors in maintaining stock accuracy is because of the absence of awareness among the employees. Moreover, since the contract labourers are used there is no consistency in the work process and they remain unaware of the procedures of the warehouse transfer. Almost one third of the respondents are unaware of the locations and their labelling patterns, which may lead to misplacement of the materials. This in turn causes discrepancies in the stock accuracy. Most of the respondents are not aware of the method of measurement of stock accuracy. Only one third of the respondents are aware of the number of parts involved in the transfer and the number of locations available for the parts.