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HPGD/JL17/1290
Inventory Control - Inventory control involves the procurement, care and disposition of
materials. There are three kinds of inventory
Raw materials the materials, parts and components that have been delivered to an
organization, but are not yet being used
In-process or semi-finished goods materials that have started, but not yet finished their
journey through the production process.
Finished goods goods that have finished the process and are waiting to be shipped out to
customers
Warehousing - Warehousing is an essential part of product distribution.
When a product is produced and exported to another country there arises a
need for warehousing before making the final distribution of the product.
These days companies are involved in international operation it may like
store the items whose demand is likely to rise in future.
Materials Handling- The work in a warehouse moves materials from one
location to another. Everything has to be taken from delivery vehicles,
moved around the warehouse often several times and eventually put onto
departing vehicles. The activities involved form part of materials handling.
Every time an item is moved its costs money, takes time, and gives an
opportunity for damage or mistake. Efficient warehouses reduce the
amount of movement to a minimum, and make the necessary movements
as efficient as possible.
Hitachi’s History
Hitachi was founded in 1910 by
electrical engineer Namihei
Odaira in Ibaraki Prefecture.
The company'sfirst product was
Japan's first 4-kilowatt (5 hp)
induction motor, initially
developed for use in copper
mining. Thecompany began as
an in-house venture of
Fusanosuke Kuhara's
mining company in Hitachi,
Ibaraki
Hitachi’s Mission, Vision
and Values
Mission is to contribute to society
through the continuous development of
superior rail transport solutions.
Vision is that we will be a respected
leading player with impact across the
European rail industry.
Values inform us how we go about our
work, these are taken from our parent
company, Hitachi, Ltd:
Hitachi International
Logistic
• The smartphones and social networks as well as advances in digital
technologies like artificial intelligence and block chain, the penetration of
smart technology into society has been proceeding at an astonishing pace
over recent years.
• The activities with commercial transactions involving music, books, and
currencies, etc., which in the past took place in physical space (the real
world), are increasingly being replaced by cyberspace (the online world).
• In pursuing the quality and convenience of logistics, the growing
complexity of the operating sites that support logistics is beginning to put it
under strain in every market, with “working style reform” becoming a
major social problem
• The global logistics proposed by Hitachi for bringing innovation to the value
chain aims to achieve end-to-end (E2E) optimization to improve
convenience and deal with this complexity and difficulty
Challenges for Logistics
and Hitachi Initiatives
• Japan is currently going through a period of major change in its social
circumstances and environment.
• The chronic labor shortages as a result of continued aging of the population
and a low birthrate, consumers are also seeking ever greater convenience
through electronic commerce (e-commerce). Meanwhile the public
adoption of the Internet is shortening the product lifecycle, including
certain products that experience sudden bursts in popularity only to go out
of fashion just as quickly.