ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

INVENTORY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which words matches this definition? “The act of holding and handling goods in a warehouse”
A
Lead time
B
Warehousing
C
Usage rate
D
Safety stock
Explanation: 

Detailed explanation-1: -1. Process of receiving goods. The act of handling products into the warehouse and into the system pick-up can be applied to single products, items, liters, boxes, packages, crates, kilograms, or pallets. The best way to receive a product is through an Advance Shipping Notice (ASN) from the supplier.

Detailed explanation-2: -Warehouse management encompasses the principles and processes involved in running the day-to-day operations of a warehouse. At a high level, this includes receiving and organizing warehouse space, scheduling labor, managing inventory and fulfilling orders.

Detailed explanation-3: -Warehousing is the act of storing goods that will be sold or distributed later. While a small, home-based business might be warehousing products in a spare room, basement, or garage, larger businesses typically own or rent space in a building that is specifically designed for storage.

There is 1 question to complete.