F1

Question 1

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

Answer 1

Warehousing and storage

Question 2

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

Answer 2

STORAGE

Question 3

activity of storing products at warehouses and logistics
centers.

Answer 3

STORAGE

Question 4

Its role is to provide a steady supply of goods to the market to
fill the temporal gap between producers and consumers.

Answer 4

STORAGE

Question 5

It also plays an
important role in maintaining quality at warehouses and logistics centers
and the value of products.

Answer 5

STORAGE

Question 6

process of
storing goods in a secure facility to facilitate the smooth flow of
products from production to consumption, acting as a crucial link
between suppliers and customers

Answer 6

WAREHOUSING

Question 7

When storage is done on a large scale and in a specified manner, it
is called __________.

Answer 7

WAREHOUSING

Question 8

It encompasses the processes and decision-making involved in the daily operations of a warehouse, focusing
on efficient handling and storage of goods, from receiving to shipping.

Answer 8

WAREHOUSE MANAGEMENT

Question 9

It includes activities like inventory control, order fulfillment, and
warehouse organization, aiming to optimize space utilization,
minimize costs, and ensure smooth supply chain operations.

Answer 9

WAREHOUSE MANAGEMENT

Question 10

This involves receiving incoming goods, verifying the shipment against the order, and placing the goods in designated storage locations within the warehouse

Answer 10

RECEIVING AND PUTAWAY

Question 11

The primary function of a warehouse

Answer 11

STORAGE

Question 12

It offers appropriate facilities to the enterprises for storing their goods when they aren’t called for a sale.

Answer 12

STORAGE

Question 13

This helps prevent wastage of stock and ensure its protection and safety. Such goods may be held from the time of their production or purchase till their use or consumption.

Answer 13

STORAGE

Question 14

This process involves selecting the specific products needed to fulfill customer orders, gathering them from their storage locations, and packing them for shipment.

Answer 14

PICKING AND PACKING

Question 15

Warehouses coordinate the outbound transportation of goods to customers, ensuring timely and efficient delivery.

Answer 15

SHIPPING

Question 16

This crucial function involves tracking stock levels, preventing overstocking or stockouts, and maintaining accurate
records of all goods in the warehouse.

Answer 16

INVENTORY MANAGEMENT

Question 17

managing the entire process from receiving the order to dispatching the
goods to the customer.

Answer 17

ORDER FULFILLMENT

Question 18

Some warehouses offer additional services like labeling, kitting, assembly, and quality control to enhance the value and readiness of products.

Answer 18

VALUE-ADDED SERVICES

Question 19

ensuring the efficient flow of goods from producers to consumers.

Answer 19

SUPPLY CHAIN SUPPORT

Question 20

Warehouses are designed to protect goods from theft, damage, and environmental factors, ensuring the integrity of stored items.

Answer 20

SECURITY AND PROTECTION

Question 21

Warehouses often handle the
coordination of inbound and outbound transportation, optimizing
logistics for cost-effective distribution.

Answer 21

TRANSPORTATION COORDINATION

Question 22

Warehousing can help balance supply
and demand by maintaining a buffer stock to handle market
fluctuations and prevent shortages or surpluses.

Answer 22

DEMAND STABILIZATION

Question 23

IMPORTANCE OF WAREHOUSING

Answer 23

1. IMPROVED INVENTORY MANAGEMENT
2. OPTIMAL PRODUCT SAFETY
3. EFFICIENT ORDER FULFILLMENT PROCESS
   4 FASTER SHIPPING
4. BETTER CUSTOMER SERVICE
5. DELEGATE TASKS

Question 24

They are owned and operated by third-party companies and are suitable for small and medium-sized businesses that don’t have the opportunity to invest in their own warehouse but have storage needs nonetheless.

Answer 24

PUBLIC WAREHOUSES

Question 25

- This is the most common warehousing solution. - It is a warehouse owned and operated by the company that uses it. -It’s usually close to their manufacturing facility or retail store.

Answer 25

PRIVATE WAREHOUSE

Question 26

These warehouses usually have a high turnover rate. Goods are stored there for a short period of time. They can be both private and public.

Answer 26

DISTRIBUTION CENTERS

Question 27

they are operated by a third-party logistics provider. Small and medium- sized eCommerce retailers use to outsource storage and shipping costs.

Answer 27

FULFILLMENT CENTERS

Question 28

These are flexible warehousing solutions that both individuals and companies can hire. They are usually used for short-term storage.

Answer 28

ON-DEMAND WAREHOUSES

Question 29

suitable for perishable foods or for other goods that require special conditions such as electronics or artwork.

Answer 29

Cold storage and climate-controlled warehouses

Question 30

stores imported goods under the supervision of customs authorities. This type of warehouse allows businesses to temporarily store goods without immediately paying the required customs duties and taxes until the product are released products are released.

Answer 30

BONDED WAREHOUSES

Question 31

also known as a **hazardous materials** warehouse, is a facility that safely stores and manages hazardous materials or dangerous goods.

Answer 31

HAZMAT WAREHOUSES

Question 32

facility that handles the process of moving goods from the customer back to the distributor due to product returns, recalls, or repairs.

Answer 32

REVERSE LOGISTICS WAREHOUSES

Question 33

It serves as a storage space for raw materials, components, work-in-progress inventory and finished goods that are part of the manufacturing process.

Answer 33

MANUFACTURING OR PRODUCTION WAREHOUSE

Question 34

ECONOMIC BENEFITS OF WAREHOUSING

Answer 34

1. Consolidation 2. Break bulk and cross-dock 3. Processing/ postponement 4. Stockpiling