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Warehousing refers to the large-scale storage and organization of goods in a systematic manner, making products available when needed. Key functions of warehousing include consolidating goods from different production plants, breaking bulk quantities into smaller units, storing seasonal items, providing value-added services like grading and packing, stabilizing prices by adjusting supply to demand, and financing through advancing money to owners on goods security or supplying goods to customers on credit terms.
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Warehousing
The document discusses warehousing and storage. It defines warehousing as storing goods on a large scale in a specified manner. Warehousing ensures a continuous supply of goods to the market by addressing delays in transportation, uncertainties in production, and mismatches between production and use times. The objectives of warehousing are to facilitate the movement of goods throughout the supply chain and provide timely customer service at minimum cost. The document outlines various warehousing operations including receipt, storage, and delivery of goods as well as services provided.
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Sakeena presentation
- 2. WAREHOU SE
- 3. •Warehousing refers to the activities involving storage of goods in a large scale in a systematic and orderly manner and making them available conveniently when needed. •Means holding or preserving goods in huge quantities from the time of their purchase or production till their actual use or sale
- 5. Consolidation In it the warehouse receives and consolidate goods from different production plants
- 7. Break in bulk They divide in the bulk quantities of goods received from the production plants into smaller quantities
- 9. Storage of goods They store seasonal goods or materials
- 10. Value added services They provide various value added services like grading, packing , labeling etc
- 12. Price stabilization By adjusting the supply of goods with the demand situation, warehousing performs functions of stabilizing prices
- 13. Financing Warehouse owners advance money to the owners on security of goods and further supply of goods on credit terms to customer
- 14. Functions of warehousing Consolidation Break in bulk Storage of goods Value added services Price stabilization Financing