Explain what a firm should consider as advantage of 'Warehousing' before storing its products.
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Explanation of what a farm should consider as advantage of 'Warehousing' before storing its products is as follows:
- Inventory tracking and improving stock control are the advantages and functions of Management System of Warehouse.
- With accurate stock information, this helps in keeping the goods up-to-date.
- In case of of price of agricultural commodities, warehouse helps by checking post harvest sate making tendency.
- Not only in stocking, it also helps in one's overall logistic need.
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The advantage of warehousing are effective use of space with efficient movement of goods and with ready access to all items. The warehouses provide effective storage space to the firms for inventory management, storage of goods, materials handling, protective packing and transportation
Explanation:
- Firms make use of warehouses for storage of goods and an important functions of a warehouse management is to improve on tracking the inventory and control of stock.
- The firms are able to provide the clients with the goods as and when they want and it helps them to keep updated with accurate stock information
- The warehouses are used for storing inventory, equipment and many other items since they provide with efficient storage. They also act as a shipping hub for receiving the goods and cargo and holding the items until they are loaded onto trucks and sent to other places.
To know more about warehousing
Explain the function of warehousing.
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