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MKTG 101 > CHAPTER 3 > Flashcards

CHAPTER 3 Flashcards

1
Q
  • Expertise of management
A

Contract Warehouse

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2
Q
  • Provides market presence to the product owner
A

Private Warehouse

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3
Q

provided for perishables against payment of a storage charge for the space utilized by different parties

A

cold storage

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4
Q

FUNCTION OF WAREHOUSE

A

RECEIVING GOODS, IDENTIFYING GOODS, INCOMING GOODS, DISPATCHING GOODS TO STORAGE, HOLDING GOODS, RETRIEVING SELECTING/PACKING GOODS, MARSHALLING GOODS, DISPATCHING GOODS, PREPARING RECORDS AND ADVICES

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5
Q

This step is sometimes interpreted as “straighten” or “streamline.

A

set

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6
Q

The appropriate stock keeping units are identified and a record made of the number of each item received

A

Identifying Goods:

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7
Q

The final step to any successful organization methodology

A

sustain

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8
Q

involves proper management for preserving goods from the time of their production or purchase till actual use

A

Storage

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9
Q

5S FOR YOUR WAREHOUSE

A

SORT, SET, SHINE,STANDARDIZED, SUSTAIN

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10
Q
  • Long term relationship and customized service
A

Contract Warehouse

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11
Q

These warehouses are meant for storing agricultural produce grown in a certain area and are located in assembling or regulated markets.

A

agricultural warehouses

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12
Q
  • Significant scale economies, several users and resultant volume, benefits in transportation costs
A

Public Warehouse

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13
Q

The _________ are sorted out for appropriate storage area in the warehouse.

A

incoming goods

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14
Q
  • As warehousing is their core business _________ offer expertise in management
A

Public Warehouse

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15
Q
  • These warehouses are owned, managed and controlled by central or state governments or public corporations or local authorities. Food Corporation are examples of agencies maintaining government warehouses.
A

Government Warehouse

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16
Q
  • Owned or leased by the product owner
A

Private Warehouse

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17
Q

those which are managed by a public warehousing agency in the premises of a factory or company which needs the facility for borrowing form a bank against the certification of goods in storage or in process by an independent professional warehouseman.

A

field warehouses

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18
Q

an act of storing and assorting the finished goods so as to create maximum time utility at minimum cost”

A

Warehousing and Storage

19
Q
  • Available to companies on hire
A

Public Warehouse

20
Q

the goods are kept in storage under proper protection until needed in the warehouse.

A

holding goods

21
Q

A warehouse accepts the merchandise delivered by a transporter or an attached factory and then accepts the responsibility for the merchandise

A

Receiving Goods

22
Q
  • Flexibility of location
A

Public Warehouse

23
Q
  • Overheads get distributed over a large customer base
A

Public Warehouse

24
Q

operators take over logistics responsibility from manufacturing company.

A

Contract Warehouse

25
Q

The consolidated order is packaged suitably and directed to the right transport vehicle. The necessary shipping and accounting documents are also prepared.

A

dispatching goods

26
Q

TYPE OF WAREHOUSES

A

BONDED WAREHOUSES, FIELD WAREHOUSES, COLD STORAGE, AGRICULTURAL WAREHOUSES, DISTRIBUTION WAREHOUSES, BUFFER (SAFEGUARD) STORAGE WAREHOUSES, EXPORT AND IMPORT WAREHOUSES

27
Q

: the number of orders received, the items received and on hand etc., are recorded for replenishment action and stock control, and the demand and receipt data are forwarded to a control centre located elsewhere.

A

preparing record and advices

28
Q

avoid constantly changing system; is the hallmark of the Lean methodology; Labels that have all the information needed for any container or product in the warehouse will greatly increase efficiency. Eliminating waste is another Lean warehouse tenet - standard labels should get rid of wasteful or unnecessary information or clutter

A

standardize

29
Q

These warehouses are located close to the manufacturing concerns or consuming areas and time taken for transit.

A

distribution warehouses

30
Q
  • There is no profit to be added to the cost
A

Private Warehouse

31
Q

The goods are kept aside when they can be found later, when needed.

A

dispatching goods to storage

32
Q

These warehouses are located near the ports from where international trade is undertaken. They provide transit storage facilities for break - bulk, packaging, inspection, marking etc., are available at these warehouses.

A

export and import warehouses

33
Q

Warehouses suffer when they consider cleanliness of the warehouse an expendable element, whereas clean warehouses free up space to be more productive - and profitable. It’s not surprising that a clean workspace operates better, but it is surprising how many warehouses skip this crucial step.

A

shine

34
Q

items ordered by customers are taken out from storage and grouped in a manner useful for the next step.

A

retrieving selecting or packing goods

35
Q

The several items making up a single order are brought together and checked for completeness and order records are prepared or modified.

A

marshalling goods

36
Q

Private and Public warehouses can be bonded under the customs and Excise Act and Municipal Corporation regulations, facilitating deferred payment of customs.

A

bonded warehouses

37
Q
  • Shared resources with several clients
A

Contract Warehouse

38
Q

WAREHOUSE ALTERNATIVE

A

PRIVATE WAREHOUSE, PUBLIC WAREHOUSE, CONTRACT WAREHOUSE, GOVERNMENT WAREHOUSE

39
Q

CONCEPT OF WAREHOUSING

A

LOADING AND UNLOADING ZNE, RECEPTION ZONE, STORAGE ZONE, PICKING AND SORTING ZONE, SHIPPING ZONE

40
Q
  • Changes can be made to integrate the warehouse with rest of the logistical system
A

Private Warehouse

41
Q
  • Control is fully with the product owner
A

Private Warehouse

42
Q

You can _______ your warehouse by type of object, chronology of order cycle or most-to-least used.

A

sort

43
Q

these warehouses are built at strategic locations with adequate transport and communication facilities. They store food grains or fertilizers etc.

A

buffer (safeguard) storage warehouse

44
Q

When this storage is done on a large scale and in a specified manner

A

Warehousing

MKTG 101 (4 decks)

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