ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

SUPPLY CHAIN MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Performance of administrative functions associated with the storage of goods and materials is which functional area of supply chain?
A
Purchasing
B
Inventory Management
C
Demand Planning
D
Warehousing
Explanation: 

Detailed explanation-1: -Warehousing: Performance of administrative and physical functions associated with storage of goods and materials. These functions include receipt, identification, inspection, verification, putting away, retrieval for issue, etc.

Detailed explanation-2: -Warehouses at Raw Material and Product Manufacturing Stages That finished product then gets stored in a finished goods warehouse as they wait for transport further down a supply chain. In the case of raw materials, raw materials are piled as they wait for transport into a supply chain.

Detailed explanation-3: -Warehousing and the storage of goods play a vital role in the logistics supply chain across the world. Not only do warehouses provide safe and secure storage around the clock, they also allow you to have your goods stored in one central place, which makes planning and organising your logistics that much easier.

There is 1 question to complete.