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The total stocking cost as per Warehouse Management. We calculate the as per the items verified in Tons / package / units.
a. Manufacturing cost.
b. Logistic Inbound Handling & Forwarding cost.
c. Tax / service charges paid as per Govt. cost.
d. Utilized Manpower for loading & Off loading " Labour Cost."
This all are added to the actual cost of the material comes to our Warehouse stocking stock.
Storage costs typically include Cost of Building Rental and facility maintenance and related costs. Cost of Material Handling Equipments, IT Hardware and applications, including cost of purchase, depreciation or rental or lease as the case may be. Further costs include operational costs, consumables, communication costs and utilities, besides the cost of human resources employed in operations as well as management.
Total stocking cost is the cost to the store of holding a good in its inventory. The stocking cost consists of the carrying cost times half the quantity in inventory and the order completion cost times demand divided by the quantity. In its mathematical form the cost is represented by TSC=(Q/2)C + (D/Q)S.
Stocking cost is simply the summation of carrying cost and ordering cost.
Stocking cost = carrying cost + ordering cost
paid cost + store cost + staff in store + electric
