Question

Answer in brief : (Any 2 out of 3)
Explain the meaning of staffing and five importance of staffing function.
Types of life insurance policy.
Write down meaning of warehouse and explain types of warehouse.​

Answer 1

Answer:

Staffing can be defined as one of the most important functions of management. It involves the process of filling the vacant position of the right personnel at the right job, at right time.

Functions of Staffing;

• The first and foremost function of staffing is to obtain qualified personnel for different jobs position in the organization.

• In staffing, the right person is recruited for the right jobs, therefore it leads to maximum productivity and higher performance.

• It helps in promoting the optimum utilization of human resources through various aspects.

• Job satisfaction and morale of the workers increases through the recruitment of the right person.

• Staffing helps to ensure better utilization of human resources.

• It ensures the continuity and growth of the organization, through development managers.

The different types of life insurance policies are;

• Term life insurance

• Whole life insurance.

• Universal life insurance.

• Final expense insurance.

• Group life insurance.

A warehouse is a place used for the storage or accumulation of goods. It may also be defined as an establishment that assumes responsibility for the safe custody of goods. Different types of the warehouse are;

• Distribution Center ; Distribution warehouses are used to store and sell large quantities of goods. Typically, distribution centers house goods from multiple manufacturers that in turn sell to retailers. Goods are usually housed for a short period of time; in some cases for just days at a time. The distribution center is a key part of the supply chain, so it's important to set it up correctly. With a smoothly run supply chain, you'll be able to better serve a high volume of customers.

• Climate-controlled Warehouse ; Climate-controlled warehouses are most often used to store and ship perishable goods. Climate-controlled warehouses can range from humidity-controlled environments—to store things like fresh flowers— to freezers that store frozen foods. Whatever the type of perishable, climate-controlled warehouses are a must to keep your fast-moving goods at the required temperature and thus, resellable.

• Private Warehouse ; Private warehouses are typically owned by large retail corporations or companies that privately store goods. Also known as proprietary warehousing, such facilities demand an upfront, capital investment to build and maintain. A private warehouse may be built on-site near manufacturing or off-site. This option is great for established companies that are willing to make a financial investment in the storage of their own goods.

• Public Warehouse ; A public warehouse is a great option for companies with short-term warehousing needs. For example, if a manufacturer or retailer runs out of space to store goods, a viable option is a public warehouse, where you can rent space to store your overflow goods for a short period of time. This type of storage facility is great as it allows you to deal with overflow until you know you are ready for an additional warehouse.

• Automated Warehouse ; An automated warehouse is highly efficient, fast, and agile. Automated warehouses use order tracking software to receive, store, and move goods. An automated warehouse also uses modern equipment like forklifts, racking, and pallets to move goods quickly within the warehouse. With the right wholesale distribution software, you'll have less incidence of human error and the ability to receive and ship goods more efficiently.

Explanation: