diff --git a/torchrec/distributed/planner/enumerators.py b/torchrec/distributed/planner/enumerators.py
index 472e3d6e6..7d0be906d 100644
--- a/torchrec/distributed/planner/enumerators.py
+++ b/torchrec/distributed/planner/enumerators.py
@@ -7,6 +7,7 @@
 
 # pyre-strict
 
+import copy
 import logging
 from typing import Dict, List, Optional, Set, Tuple, Union
 
@@ -102,6 +103,11 @@ def __init__(
                 EmbeddingStorageEstimator(topology=topology, constraints=constraints),
             ]
 
+        # Initializing caching for enumerate
+        self._last_stored_search_space: Optional[List[ShardingOption]] = None
+        self._last_stored_module: Optional[nn.Module] = None
+        self._last_stored_sharders: Optional[List[ModuleSharder[nn.Module]]] = None
+
     def enumerate(
         self,
         module: nn.Module,
@@ -118,6 +124,12 @@ def enumerate(
             List[ShardingOption]: valid sharding options with values populated.
         """
 
+        if (
+            self._last_stored_module == module
+            and self._last_stored_sharders == sharders
+        ):
+            return copy.deepcopy(self._last_stored_search_space)  # pyre-ignore
+
         self._sharder_map = {
             sharder_name(sharder.module_type): sharder for sharder in sharders
         }
@@ -230,8 +242,20 @@ def enumerate(
 
         self.populate_estimates(sharding_options)
 
+        self._last_stored_module = module
+        self._last_stored_sharders = sharders
+
+        # Caching the search space with a copy of sharding options, to avoid unexpected modifications to list
+        self._last_stored_search_space = copy.deepcopy(sharding_options)
         return sharding_options
 
+    @property
+    def last_stored_search_space(self) -> Optional[List[ShardingOption]]:
+        # NOTE: This is the last search space stored by enumerate(...), do not use
+        # this field in place of actually calling enumerate(...) as it will varie for each
+        # module/sharders passed in.
+        return self._last_stored_search_space
+
     def populate_estimates(self, sharding_options: List[ShardingOption]) -> None:
         for estimator in self._estimators:
             estimator.estimate(sharding_options, self._sharder_map)
diff --git a/torchrec/distributed/planner/planners.py b/torchrec/distributed/planner/planners.py
index 8d7f40af3..e360382a3 100644
--- a/torchrec/distributed/planner/planners.py
+++ b/torchrec/distributed/planner/planners.py
@@ -39,6 +39,7 @@
 )
 from torchrec.distributed.planner.types import (
     Enumerator,
+    hash_planner_context_inputs,
     ParameterConstraints,
     Partitioner,
     PerfModel,
@@ -280,7 +281,7 @@ def collective_plan(
             sharders,
         )
 
-    def hash_planner_context_inputs(self) -> str:
+    def hash_planner_context_inputs(self) -> int:
         """
         Generates a hash for all planner inputs except for partitioner, proposer, performance model, and stats.
         These are all the inputs needed to verify whether a previously generated sharding plan is still valid in a new context.
@@ -288,17 +289,13 @@ def hash_planner_context_inputs(self) -> str:
         Returns:
             Generates a hash capturing topology, batch size, enumerator, storage reservation, stats and constraints.
         """
-        hashable_list = [
+        return hash_planner_context_inputs(
             self._topology,
             self._batch_size,
             self._enumerator,
             self._storage_reservation,
-            frozenset(self._constraints.items()) if self._constraints else None,
-        ]
-        serialized_list = str(hashable_list).encode("utf-8")
-        hash_object = hashlib.sha256(serialized_list)
-        hash_digest = hash_object.hexdigest()
-        return hash_digest
+            self._constraints,
+        )
 
     def plan(
         self,
@@ -499,6 +496,7 @@ def plan(
                     best_plan=last_proposal,
                     constraints=self._constraints,
                     sharders=sharders,
+                    enumerator=self._enumerator,
                     debug=self._debug,
                 )
 
diff --git a/torchrec/distributed/planner/storage_reservations.py b/torchrec/distributed/planner/storage_reservations.py
index 5a2077db3..6e7d38300 100644
--- a/torchrec/distributed/planner/storage_reservations.py
+++ b/torchrec/distributed/planner/storage_reservations.py
@@ -163,6 +163,7 @@ class FixedPercentageStorageReservation(StorageReservation):
     def __init__(self, percentage: float) -> None:
         assert percentage >= 0 and percentage <= 1
         self._percentage: float = percentage
+        self._last_reserved_topology: Optional[Topology] = None
 
     def reserve(
         self,
@@ -174,8 +175,14 @@ def reserve(
     ) -> Topology:
         reserved_topology = copy.deepcopy(topology)
         _reserve_storage_percentage(reserved_topology, self._percentage)
+        self._last_reserved_topology = reserved_topology
         return reserved_topology
 
+    @property
+    def last_reserved_topology(self) -> Optional[Topology]:
+        "Returns a copy of the cached value of the most recent output from the reserve() method."
+        return copy.deepcopy(self._last_reserved_topology)
+
 
 class HeuristicalStorageReservation(StorageReservation):
     """
@@ -206,6 +213,7 @@ def __init__(
 
         self._dense_storage: Optional[Storage] = None
         self._kjt_storage: Optional[Storage] = None
+        self._last_reserved_topology: Optional[Topology] = None
 
     def reserve(
         self,
@@ -215,6 +223,7 @@ def reserve(
         sharders: List[ModuleSharder[nn.Module]],
         constraints: Optional[Dict[str, ParameterConstraints]] = None,
     ) -> Topology:
+        # TODO: enable proper caching of topology values through _last_reserved_topology
         reserved_topology = copy.deepcopy(topology)
 
         batch_inputs, shardable_modules = _get_batch_inputs_and_shardable_parameters(
@@ -262,8 +271,14 @@ def reserve(
                 message=negative_storage_solution,
             )
 
+        self._last_reserved_topology = copy.deepcopy(reserved_topology)
         return reserved_topology
 
+    @property
+    def last_reserved_topology(self) -> Optional[Topology]:
+        "Cached value of the most recent output from the reserve() method."
+        return self._last_reserved_topology
+
 
 class InferenceStorageReservation(StorageReservation):
     """
@@ -291,6 +306,7 @@ def __init__(
 
         self._dense_storage: Optional[Storage] = None
         self._kjt_storage: Optional[Storage] = None
+        self._last_reserved_topology: Optional[Topology] = None
 
     def reserve(
         self,
@@ -324,4 +340,9 @@ def reserve(
             multiplier=1,
         )
 
+        self._last_reserved_topology = copy.deepcopy(reserved_topology)
+
         return reserved_topology
+
+    def last_reserved_topology(self) -> Optional[Topology]:
+        return copy.deepcopy(self._last_reserved_topology)
diff --git a/torchrec/distributed/planner/tests/test_planners.py b/torchrec/distributed/planner/tests/test_planners.py
index 60c1ffdc6..64f96c4d0 100644
--- a/torchrec/distributed/planner/tests/test_planners.py
+++ b/torchrec/distributed/planner/tests/test_planners.py
@@ -12,7 +12,7 @@
 
 import torch
 from torch import nn
-from torchrec import EmbeddingConfig
+from torchrec import EmbeddingBagCollection, EmbeddingConfig
 from torchrec.distributed.embedding import EmbeddingCollectionSharder
 from torchrec.distributed.embedding_types import EmbeddingComputeKernel
 from torchrec.distributed.embeddingbag import EmbeddingBagCollectionSharder
@@ -306,6 +306,22 @@ def test_passing_info_through_constraints(self) -> None:
 class TestEmbeddingShardingHashPlannerContextInputs(unittest.TestCase):
 
     def setUp(self) -> None:
+        eb_config = EmbeddingBagConfig(
+            name="table_0",
+            embedding_dim=160,
+            num_embeddings=10000,
+            feature_names=["f1"],
+            data_type=DataType.FP16,
+        )
+        module = EmbeddingBagCollection(
+            tables=[eb_config],
+            is_weighted=False,
+            device=torch.device(
+                "meta"
+            ),  # Using meta device for now since only getting search space
+        )
+        sharders = [EmbeddingBagCollectionSharder()]
+
         self.topology = Topology(
             local_world_size=8,
             world_size=1,
@@ -315,10 +331,20 @@ def setUp(self) -> None:
         self.enumerator = EmbeddingEnumerator(
             topology=self.topology, batch_size=self.batch_size
         )
+        self.enumerator.enumerate(module, sharders)  # pyre-ignore
+
         self.storage_reservation = HeuristicalStorageReservation(percentage=0.15)
         self.perf_model = NoopPerfModel(topology=self.topology)
         self.constraints = {"table1": ParameterConstraints()}
 
+        self.storage_reservation.reserve(
+            topology=self.topology,
+            batch_size=self.batch_size,
+            module=module,
+            sharders=sharders,  # pyre-ignore
+            constraints=self.constraints,
+        )
+
     def test_hash_equality(self) -> None:
         planner1 = EmbeddingShardingPlanner(
             topology=self.topology,
diff --git a/torchrec/distributed/planner/tests/test_types.py b/torchrec/distributed/planner/tests/test_types.py
index cd9d2a650..c598ef72a 100644
--- a/torchrec/distributed/planner/tests/test_types.py
+++ b/torchrec/distributed/planner/tests/test_types.py
@@ -8,11 +8,19 @@
 # pyre-strict
 
 import unittest
-from typing import cast
+from typing import cast, Dict, Optional
 from unittest.mock import MagicMock
 
 import torch
+from torch import multiprocessing
 from torchrec.distributed.embedding_types import EmbeddingComputeKernel
+from torchrec.distributed.embeddingbag import EmbeddingBagCollectionSharder
+from torchrec.distributed.planner import EmbeddingShardingPlanner
+from torchrec.distributed.planner.enumerators import EmbeddingEnumerator
+from torchrec.distributed.planner.perf_models import NoopPerfModel
+from torchrec.distributed.planner.storage_reservations import (
+    HeuristicalStorageReservation,
+)
 
 from torchrec.distributed.planner.types import (
     ParameterConstraints,
@@ -20,6 +28,10 @@
     ShardingOption,
     Topology,
 )
+from torchrec.distributed.test_utils.multi_process import (
+    MultiProcessContext,
+    MultiProcessTestBase,
+)
 from torchrec.distributed.types import (
     BoundsCheckMode,
     CacheAlgorithm,
@@ -348,3 +360,75 @@ def test_hash_inequality(self) -> None:
         self.assertNotEqual(
             hash(pc1), hash(pc2), "Hashes should be different for different instances"
         )
+
+
+def _test_hashing_consistency(
+    rank: int,
+    world_size: int,
+    backend: str,
+    return_hash_dict: Dict[str, int],
+    local_size: Optional[int] = None,
+) -> None:
+    with MultiProcessContext(rank, world_size, backend, local_size) as ctx:
+        topology = Topology(
+            local_world_size=8,
+            world_size=1,
+            compute_device="cuda",
+        )
+        batch_size = 128
+        enumerator = EmbeddingEnumerator(topology=topology, batch_size=batch_size)
+        eb_config = EmbeddingBagConfig(
+            name="table_0",
+            embedding_dim=160,
+            num_embeddings=10000,
+            feature_names=["f1"],
+            data_type=DataType.FP16,
+        )
+        module = EmbeddingBagCollection(
+            tables=[eb_config],
+            is_weighted=False,
+            device=torch.device(
+                "meta"
+            ),  # Using meta device for now since only getting search space
+        )
+        sharders = [EmbeddingBagCollectionSharder()]
+        enumerator.enumerate(module, sharders)  # pyre-ignore
+        storage_reservation = HeuristicalStorageReservation(percentage=0.15)
+        constraints = {"table1": ParameterConstraints()}
+
+        storage_reservation.reserve(
+            topology=topology,
+            batch_size=batch_size,
+            module=module,
+            sharders=sharders,  # pyre-ignore
+            constraints=constraints,
+        )
+        perf_model = NoopPerfModel(topology=topology)
+
+        planner1 = EmbeddingShardingPlanner(
+            topology=topology,
+            batch_size=batch_size,
+            enumerator=enumerator,
+            storage_reservation=storage_reservation,
+            performance_model=perf_model,
+            constraints=constraints,
+        )
+
+        h = planner1.hash_planner_context_inputs()
+        return_hash_dict[str(rank)] = h
+
+
+class TestConsistentHashingBetweenProcesses(MultiProcessTestBase):
+
+    def test_hash_consistency(self) -> None:
+        # planner
+        world_size = 2
+        return_hash_dict = multiprocessing.Manager().dict()
+        self._run_multi_process_test(
+            callable=_test_hashing_consistency,
+            world_size=world_size,
+            backend="nccl" if torch.cuda.is_available() else "gloo",
+            return_hash_dict=return_hash_dict,
+        )
+        hashes = return_hash_dict.values()
+        assert hashes[0] == hashes[1], "hash values are different."
diff --git a/torchrec/distributed/planner/types.py b/torchrec/distributed/planner/types.py
index 4e0498666..e51547dbf 100644
--- a/torchrec/distributed/planner/types.py
+++ b/torchrec/distributed/planner/types.py
@@ -12,7 +12,7 @@
 from copy import deepcopy
 from dataclasses import dataclass, field
 from enum import Enum
-from typing import cast, Dict, List, Optional, Tuple, Union
+from typing import Any, Callable, cast, Dict, List, Optional, Tuple, Union
 
 import torch
 from torch import nn
@@ -401,12 +401,15 @@ def __repr__(self) -> str:
         topology_repr += str(self._comms_bandwidths) + "\n"
         return topology_repr
 
-    def _hash(self) -> str:
+    def _hash(self) -> int:
         """
         Compute a consistent hash value for this Topology instance.
 
         Returns:
             str: A hash value for this Topology instance.
+
+        NOTE: Not overriding the __hash__ method here to account for other
+        potential variables that may be unchecked by the following list
         """
 
         # Compute hbms and ddrs from the decives
@@ -430,10 +433,7 @@ def _hash(self) -> str:
             self._uneven_sharding_perf_multiplier,
         ]
 
-        serialized_list = str(hashable_list).encode("utf-8")
-        hash_object = hashlib.sha256(serialized_list)
-        hash_digest = hash_object.hexdigest()
-        return hash_digest
+        return hash_sha256_to_int(hashable_list)
 
 
 # ---- INPUT / OUTPUT ----- #
@@ -743,25 +743,25 @@ class ParameterConstraints:
     key_value_params: Optional[KeyValueParams] = None
 
     def __hash__(self) -> int:
-        return hash(
-            (
-                tuple(self.sharding_types) if self.sharding_types else None,
-                tuple(self.compute_kernels) if self.compute_kernels else None,
-                self.min_partition,
-                tuple(self.pooling_factors),
-                tuple(self.num_poolings) if self.num_poolings else None,
-                tuple(self.batch_sizes) if self.batch_sizes else None,
-                self.is_weighted,
-                self.cache_params,
-                self.enforce_hbm,
-                self.stochastic_rounding,
-                self.bounds_check_mode,
-                tuple(self.feature_names) if self.feature_names else None,
-                self.output_dtype,
-                self.device_group,
-                self.key_value_params,
-            )
-        )
+        hashable_list = [
+            tuple(self.sharding_types) if self.sharding_types else None,
+            tuple(self.compute_kernels) if self.compute_kernels else None,
+            self.min_partition,
+            tuple(self.pooling_factors),
+            tuple(self.num_poolings) if self.num_poolings else None,
+            tuple(self.batch_sizes) if self.batch_sizes else None,
+            self.is_weighted,
+            self.cache_params,
+            self.enforce_hbm,
+            self.stochastic_rounding,
+            self.bounds_check_mode,
+            tuple(self.feature_names) if self.feature_names else None,
+            self.output_dtype,
+            self.device_group,
+            self.key_value_params,
+        ]
+
+        return hash_sha256_to_int(hashable_list)
 
 
 class PlannerErrorType(Enum):
@@ -803,6 +803,10 @@ def reserve(
         constraints: Optional[Dict[str, ParameterConstraints]] = None,
     ) -> Topology: ...
 
+    @property
+    @abc.abstractmethod
+    def last_reserved_topology(self) -> Optional[Topology]: ...
+
 
 class PerfModel(abc.ABC):
     @abc.abstractmethod
@@ -967,3 +971,56 @@ class CriticalPathEstimate:
 
     def total(self) -> float:
         return self.comms_estimate + self.comp_estimate
+
+
+# ---- Types Utils ---- #
+def hash_sha256_to_int(hashable_list: List[Any]) -> int:  # pyre-ignore
+    """
+    Hashes the given data using SHA256 and returns the hash as an integer
+    """
+    serialized_list = str(hashable_list).encode("utf-8")
+    hash_object = hashlib.sha256(serialized_list)
+    hash_digest = hash_object.hexdigest()
+    return int(hash_digest, 16)
+
+
+def hash_planner_context_inputs(
+    topology: Topology,
+    batch_size: int,
+    enumerator: Enumerator,
+    storage_reservation: StorageReservation,
+    constraints: Optional[Dict[str, ParameterConstraints]],
+    # pyre-ignore
+    hash_function: Callable[[List[Any]], int] = hash_sha256_to_int,
+) -> int:
+    assert hasattr(
+        enumerator, "last_stored_search_space"
+    ), "This enumerator is not compatible with hashing"
+    assert (
+        enumerator.last_stored_search_space is not None  # pyre-ignore
+    ), "Unable to hash planner context without an enumerator that has a precomputed search space"
+    search_space = enumerator.last_stored_search_space
+    storage_reservation_policy = type(storage_reservation).__name__
+
+    assert (
+        storage_reservation._last_reserved_topology is not None  # pyre-ignore
+    ), "Unable to hash planner context without a storage reservation that has a precomputed topology"
+
+    hashable_list = [
+        topology,
+        batch_size,
+        [
+            [
+                shard_option.fqn,
+                shard_option.sharding_type,
+                shard_option.compute_kernel,
+                tuple(shard_option.shards),
+                shard_option.cache_params,
+            ]
+            for shard_option in search_space
+        ],
+        storage_reservation_policy,
+        storage_reservation._last_reserved_topology,
+        constraints.items() if constraints else None,
+    ]
+    return hash_function(hashable_list)