EVALUATION OF A METHODOLOGY FOR IMPROVING THE WAREHOUSING OF ANIMAL FEED
Keywords:NPV, IRR, PB, ABC, analysis, Flow process chart.
This study aimed to evaluate a project for improving warehousing for animal feed. The concept was the reduction of animal feed pick up time and distance within the warehouse. Storage efficiency was also improved. The project invested in shelves and an electric forklift. It started PDCA on QCC steps. ABC analysis was done to compare the design of the old and new animal feed plan using a fixed positioning system. The shelf was used as a device to help arrangement and control of products based on a first in first out system. Working devices were added: an electric forklift and mobile ladders. The payback period (PB) was not over 1 year, which is in line with the criterion that the payback period would not exceed 3 years. The net present value (NPV) was 167,817THB. The internal rate of return (IRR) was 7%. This was higher than the loan interest rate (K) of 6.25%, which was in line with the criterion that the internal rate of return should be more than the loan interest rate.
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