Question

What are the various roles in a warehouse

Answer 1

A warehouse may be defined as a place used for the storage or accumulation of goods. The function of storage can be carried out successful with the help of warehouses used for storing the goods.

Surplus commodities which are not needed immediately can be stored in warehouses. They can be supplied as and when needed by the customers.

Loans can be raised from the warehouse keeper against the goods stored by the owner. Goods act as security for the warehouse keeper. Similarly, banks and other financial institutions also advance loans against warehouse receipts. In this manner, warehousing acts as a source of finance for the businessmen for meeting business operations.

BENEFITS
1. Regular production
2. Time utility
3. Price Estabilization
and many more

Thank you .

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