ENTREPRENEURSHIP

Detailed explanation-1: -In logistics terms, stocking is the process of sourcing and building product inventory to established targets based on customer needs.

Detailed explanation-2: -Warehouse slotting is the process of assigning and storing items in optimal picking locations based on various criteria, such as unit velocity, size weights, and family group for instance. In addition, warehouse slotting should determine the amount of inventory to be stored, and the type and size of storage location.

Detailed explanation-3: -Distribution refers to the steps taken to move and store a product from the supplier stage to a customer stage in the supply chain. Distribution is a key driver of the overall profitability of a firm because it directly impacts both the supply chain cost and the customer experience.

Detailed explanation-4: -The Key Steps in a Supply Chain Original sourcing or extraction of raw materials. Refining or manufacturing materials into basic parts. Assembling basic parts into finished products. Selling finished products to end users.