Modulo Rate Structure Explanation
The WMS can use a modulo rate structure to calculate costs
based on different operational activities. These activities could include
picking, receiving, or storing items in the warehouse. Different rates apply
depending on the quantity of items or units processed. Below, we explain how
the rate structure works and provide an example using picking as the
operational activity.
1. Rate Structure example:
The rates for picking items are set at different intervals:
- For
every 500 picks: The cost is £5.00.
- For
every 60 picks: The cost is £1.50.
- For
every individual pick: The cost is £0.50.
2. Calculation Process
When calculating the total cost for picking a certain number
of items, follow these steps:
- Calculate
cost for 500 picks:
- Determine
how many times 500 picks fit into the total quantity picked.
- Multiply
the number of groups of 500 picks by the rate of £5.00.
- Calculate
cost for 60 picks:
- Calculate
the remainder from the previous calculation.
- Determine
how many times 60 picks fit into the remainder.
- Multiply
the number of groups of 60 picks by the rate of £1.50.
- Calculate
cost for individual picks:
- Calculate
the remainder from the previous calculation.
- Multiply
the remaining number of individual picks by the rate of £0.50.
Finally, add all the costs from each step to determine the
total cost.
3. Example Calculation
Suppose you picked 622 items. Here is how the calculation
works:
- Cost
for 500 picks:
- Calculate
how many times 500 picks fit into 622 picks: 622÷500=1.244, which rounds
down to 1.
- Calculate
the remainder: 622−(1×500) =122.
- Cost:
1×5.00=£5.00.
- Cost
for 60 picks:
- Calculate
how many times 60 picks fit into the remainder of 122 picks: 122÷60=2.033,
which rounds down to 2.
- Calculate
the remainder: 122−(2×60) =2.
- Cost:
2×1.50=£3.002×1.50=£3.00.
- Cost
for individual picks:
- There
are 2 individual picks left.
- Cost:
2×0.50=£1.002×0.50=£1.00.
Now, sum all the costs:
- Total
Cost: £5.00+£3.00+£1.00=£9.00
So, the total cost for picking 622 items is £9.00.
By following the modulo rate structure, you can easily
calculate the cost based on the quantity of items you pick. This system allows
for more precise cost calculations and can help you better manage your
warehouse operations.