Answer to Question #306417 in Management for cessy

Question

the reasoning behind the following statement: "Financial control of warehousing is closely tied to logistics productivity and corporate profitability”. Link in your discussion the major types and the primary functions of warehousing and explain the role of packaging in the warehouse operation

Answer 1

Warehousing is the process of keeping products in a systematic and orderly manner in order to preserve their worth and quality. Warehouses provide not only storage but also logistical services by locating the appropriate quantity in the right place at the right time and at the right price.