Untitled Quizs

Warehousing

• It is a method of transporting goods from one place to another.

• It is an arrangement by which goods are stored when they are not needed immediately and are kept in such a manner so as to protect from damage or deterioration.

• It refers to the process of selling goods directly to consumers.

• It is a technique used for inventory management and tracking.

Types of Warehouse On the Basis of Ownership

• Private Warehouses

• Retail Warehouses

• Wholesale Warehouses

• Distribution Centre Warehouses

Advantages of warehousing

• Warehouses increase the cost of distribution for traders.

• Warehouses allow traders to store goods in bulk and take them in small lots to their shops.

• Warehouses eliminate the need for inventory management.

• Warehouses are only beneficial for large retailers.

Warehouse

• A place where goods are manufactured.

• A place where goods are stored for future use and act as distribution centres.

• A location for retail sales of products.

• A facility for waste disposal.

On the Basis of Commodities stored

• General Warehouses

• Special Commodity Warehouses

• Cold Storage /Refrigerated Warehouses

• Temperature Controlled Warehouses

Warehousing Documents

• Warehouse Keeper’s Receipt

• Delivery Order

• Dock Receipt

• Warehouse Warrants

Main Warehousing Agencies in the Public Sector

• Food Corporation of India (FCI)

• Central Food Corporation (CFC)

• State Warehousing Agency (SWA)

• Tamil Nadu Storage Corporation (TNSC)

Drawbacks of Warehousing

• There are no adequate transport facilities between the place of production and warehouses

• Warehouses are always located near production sites

• Warehousing increases the overall cost of production

• Warehouses can store unlimited quantities of goods

Definition of Warehouse

• A place where goods are manufactured.

• A facility for the storage or accumulation of goods according to J. Stephenson.

• A location for retail sales of products.

• An area designated for shipping and receiving goods.

Functions of Warehouses

• Storage

• Transportation

• Marketing

• Manufacturing