quiz Flashcards
(37 cards)
When storage is done on a large scale and in a specified manner, it
is called
warehousing
involves proper management for preserving goods from the
time of their production or purchase till actual use.
STORAGE
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.
warehouse management
This involves receiving incoming goods,
verifying the shipment against the order, and placing the goods in
designated storage locations within the warehouse.
receiving and putaway
The primary function of a warehouse is to provide storage
space for equipment, inventory or other items.
storage
This process involves selecting the specific
products needed to fulfill customer orders, gathering them from their
storage locations, and packing them for shipment
picking and packing
Warehouses coordinate the outbound transportation of
goods to customers, ensuring timely and efficient delivery.
shipping
This crucial function involves tracking stock
levels, preventing overstocking or stockouts
Inventory management
Warehouses play a vital role in fulfilling orders by
managing the entire process from receiving the order to dispatching the
goods to the customer
order fulfilment
Some warehouses offer additional services
like labeling, kitting, assembly, and quality control
value-added services
Warehousing plays a key role in supporting
the overall supply chain
supply chain support
Warehouses are designed to protect goods
from theft, damage, and environmental factors
security and protection
Warehouses often handle the
coordination of inbound and outbound transportation,
transportation coordination
Warehousing can help balance supply
and demand by maintaining a buffer stock to handle market
fluctuations
demand stabilization
importance of warehousing
improved inventory management, optimal product safety, fast shipping, better customer service, delegate task
These facilities offer warehousing and
logistics services to various businesses. They are owned and
operated by third-party companies
public warehouses
This is the most common warehousing
solution.
private warehouse
These warehouses usually have a high
turnover rate.
distribution center
they are
operated by a third-party logistics provider
fulfillment centers
These are flexible warehousing
solutions
on-demand warehouse
these facilities offer temperatures that are suitable
for perishable foods or for other goods that require special
conditions such as electronics or artwork
cold storage and climate-controlled warehouses
facility that stores
imported goods under the supervision of customs authorities.
bonded warehouse
A hazmat warehouse, also known as a
hazardous materials warehouse,
hazmat warehouse
handles the process of moving goods from the
customer back to the distributor due to product returns, recalls, or
repairs.
reverse logistics warehouse