Briefly explain any four functions of Warehousing.

1.	Briefly explain any four functions of Warehousing.
Answer» (a) Consolidation. (b) Stock piling. (c) Value–added services. (d) Price stabilisation. Detailed Answer : (a) Consolidation : Warehouse receives and consolidates material, goods from different production plants and dispatches the same to a particular customer on a single transportation shipment. (b) Stock piling : The next function of warehousing is the seasonal storage of goods to select businesses. They are made available to business depending on customers' demand. (c) Value-added services : Certain value-added services are also provided by the warehouses such as in transit mixing, packaging and labelling. Grading of goods according to quantity and dividing goods in smaller lots is also done. (d) Price stabilisation : By adjusting the supply of goods with the demand situation, warehousing performs the function of stabilising prices.

Answer»

(a) Consolidation.

(b) Stock piling.

(d) Price stabilisation.

Detailed Answer :

(a) Consolidation : Warehouse receives and consolidates material, goods from different production plants and dispatches the same to a particular customer on a single transportation shipment.

(b) Stock piling : The next function of warehousing is the seasonal storage of goods to select businesses. They are made available to business depending on customers' demand.

(c) Value-added services : Certain value-added services are also provided by the warehouses such as in transit mixing, packaging and labelling. Grading of goods according to quantity and dividing goods in smaller lots is also done.

(d) Price stabilisation : By adjusting the supply of goods with the demand situation, warehousing performs the function of stabilising prices.

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