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Write 10 pages with APA style on WAREHOUSE AND INVENTORY MANAGEMENT. It is that part of the firm’s logistics system that stores products at and between point of origin and point of consumption. It pro
Write 10 pages with APA style on WAREHOUSE AND INVENTORY MANAGEMENT. It is that part of the firm’s logistics system that stores products at and between point of origin and point of consumption. It provides information to the management about the status, condition and disposition level. Warehousing provides the place utility and works as a balance between production and meeting customer needs. Warehouses also support manufacturing, mix products from multiple facilities for shipment to a single customer, break-bulk and are used as a ‘flow-thru’ point along with “hoarding” point. Warehousing functions include. material handling, customer services, information transfer, and storage. Other purpose is to identify goods, dispatch for storage, hold inventory, recall goods, dispatch the shipment and prepare records and advices. Warehouses also provide services like Co-packing kitting and repair to its customers. With advancement in information technology and changing needs of businesses, Warehouse Management Systems (WMS) have been designed. These WMS are a key part of supply chain management and aim at controlling the movement and storage of materials within a .warehouse .and processing of associated transactions. Third-party Warehousing: Tompkins,A., Jerry, D (1998) wrote that third party logistics has gained considerable importance and recognition in today’s business world.
