Briefly explain any four functions of Warehousing.
Answers
Hey
Mate
answer is given below .
The functions of warehousing are:
1) Warehousing helps in storing and preserving goods until they are sold.
2) Warehousing removes hindrance of time and creates time utility.
3) Warehousing helps to stabilise price by distributing surplus.
4) Warehouse performs value added services like, grading, packaging, etc.
5) Warehousing facilitate production in anticipation of demand.
Regards
Answer:
The required four functions of Warehousing are:
(a) Consolidation.
(b) Stockpiling.
(c) Value–added services.
(d) Price stabilization.
Explanation:
(a) Consolidation: An individual consumer is served by a warehouse after it receives and consolidates materials and products from various production facilities.
(b) Stockpiling: The storing of commodities for certain enterprises throughout specific seasons is the next role of warehousing. Depending on customer demand, businesses can access them.
(c) Value–added services: The warehouses also offer some value-added services including in-transit mixing, packing, and labeling. Additionally, commodities are divided into smaller lots and graded according to the amount.
(d) Price stabilization: Storage serves the purpose of maintaining price stability by coordinating the supply of products with the state of the market.
#SPJ2