Slotting Vs Putaway strategy

Hi Experts,

I had gone through the slotting process but want to know how it is benefitted.

In Product master we have putaway control indicator for storage typ,storage section and  storage bin type.

So i think by using above parameter we can store the material just like what the slotting functionality do .

I can store the material as fasting moving and slow moving using the different storage section.

But struggling to understand how slotting is helpful to putaway the goods is most efficient in storage and picking goods.

Ewm gurus throw some light to come out of this .

Regards,

Om