ENTREPRENEURSHIP

Detailed explanation-1: -Thus, we can define warehousing as the part of a firm’s logistics system that stores products (raw materials, parts, goods in process, finished goods) at and between point of origin and point of consumption, and provides management with information on the status, condition, and disposition of items being stored.

Detailed explanation-2: - An integrated logistics system has five key components. These are planning: materials handling, warehousing and storage, utilization and packaging, inventory management, transportation, and control and knowledge. Each of these five components is essential to an effective logistics operation.

Detailed explanation-3: -Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner.