ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Element of Logistics which is defined as the storing of physical goods before they are sold.
A
Inventory
B
Warehousing
C
Supply Chain
D
None of the above
Explanation: 

Detailed explanation-1: -Warehousing is the process of storing physical inventory for sale or distribution.

Detailed explanation-2: -Storage Systems to ensure maximum storage of goods and easy access at all times. Climate Control for goods that require cooler or warmer environments. Inventory Management Software to keep track of inventory coming in and out of your warehouses. Sufficient Staff to keep processes moving according to plans.

Detailed explanation-3: -Physical distribution in supply chain management deals with the series of actions that moves final products from production to the consumer. The channels involved include warehousing, inventory control, order processing, materials handling, transportation, and customer service.

Detailed explanation-4: -The Keys to Warehousing Logistics. At the core of any business selling physical products is warehousing. There are three key parts to warehousing, which include warehouse management, warehouse management systems, and warehousing services or operations.

There is 1 question to complete.