Module 1

Question 1

Warehouses provide acentralized location for your goods, making it easier to track and manage your inventory.

Answer 1

Better Inventory management

Question 2

Most warehousesprovide the equipment and supplies you needto store, move, package and process orders from customers.

Answer 2

More Efficient Packing and Processing

Question 3

Warehousing allows fortimely delivery and optimized distribution, leading to increased
labor productivity and greater customer satisfaction.

Answer 3

Superior Customer Service

Question 4

A warehouse allows you tostore your products for a later datewhen the demand is
high. This helps ensure price stabilization and reduces revenue losses.

Answer 4

Ensure Price stabilization

Question 5

Warehousing not only protects against price fluctuations but alsoprovides safe storage of
perishable products.This also helpsextend the
product’s shelf lifeand ensures customer satisfaction.

Answer 5

Improved Risk Management

Question 6

The Importance of Warehousing in a Logistics System

Answer 6

Better Inventory Management
Ensure Price Stablization
Superior Customer Service
More Efficient Packing And Processing
Improved Risk Management

Question 7

Knowing how much inventory you have and how much you
have moved means you can plan for the future more precisely.

Answer 7

Improved Inventory Accuracy:

Question 8

Understanding how busy your business will be over a period of time
will allow you to plan your staffing needs accordingly.

Answer 8

Better staffing level

Question 9

As you improve the running of a warehouse you can invest more in
further development and reduction of costs.

Answer 9

Reduced Overhead Cost:

Question 10

Having a storage facility that fits the needs of your goods it so important
to a business. If you have perishable goods that require refrigeration you need to ensure that
your warehouse lives up to this standard.

Answer 10

Protection of goods

Question 11

When you source a warehouse close to a customer or manufacturing hub,
you can ensure better transit of goods, decreasing the time it takes to move products between
places.

Answer 11

Central location

Question 12

The better flow of goods from manufacturer to end consumer is
brought about by understanding the best layout of your warehouse and how to store goods
optimally to move them fast.fire or theft.

Answer 12

Superior Flow of goods

Question 13

What Are The Advantages of Warehousing?

Answer 13

• superior flow of goods
  *Improve Inventory Accuracy
  *Reduced overhead cost
  *Protection of goods
  *Central location
  *Better Staffing Level

Question 14

Functions of Warehousing

Answer 14

• Storage
• Price Stabilization
• Risk Bearing
• Financing
• Grading and Packing

Question 15

Basic function of warehousing

Answer 15

storage

Question 16

It is achieved by the creation of time utility by warehousing

Answer 16

Price stabilization

Question 17

When goods are stored in warehouses, they are exposed to many risks in the form of theft deterioration, exploration, and fire, etc. Warehouse is constructed to minimize this kind of risk.

Answer 17

Risk bearing

Question 18

person keeping the good in warehouse act as?

Answer 18

bailor ( owner)

Question 19

warehouse keeper act as?

Answer 19

bailee ( recieved goods from owner )

Question 20

for any loss or damaged sustained by goods, warehouse keeper shall be liable to the owner of goods

Answer 20

TRUE

Question 21

loans can be raised from the warehouse keeper against the goods stored by the owner

Answer 21

Financing

Question 22

warehouses now a days provide the facilities of packing, processing and grading of goods

Answer 22

Grading and Packing

Question 23

Types of Warehouses

Answer 23

• Public
  *Private
• Bonded

Question 24

Other types of warehouses

Answer 24

• Special commodity warehouses
• Cold Storage and Refrigerated Warehouses
• Institutional Warehouses

Question 25

owned by the business enterprises in order to store the product produced by them

Answer 25

Private warehouses

Question 26

also known as duty-paid warehouses which are open for public at large

Answer 26

Public Warehouses

Question 27

used for imported goods which are not granted at clearance on account of non-payment customs duty by the importer of these goods. may be run by the government or private agencies

Answer 27

Bonded warehouses

Question 28

constituted for storing a particular type of commodity e.g., tobacco, cotton

Answer 28

Special Commodity Warehouses

Question 29

warehouse used for storing perishable commodities

Answer 29

Cold Storage and Refrigerated warehouses

Question 30

institutional bodies have their own warehouses on account of the nature of their operation like Bank, railway

Answer 30

Institutional Warehouses

Question 31

factors to consider while selecting a warehouse location

Answer 31

• Location
• Access
• Client Profile
• Storage Area
• Association Membership
• Experience
• Employees
• Processes
• Risk
• Technology

Question 32

Critical Criteria to Consider

Answer 32

• Rent Rates and Taxes
• Workforce Availability, Labor Skills, and Costs
• Roads, Highways, and Traffic Flow
• Proximity to Airport, Railway Stations, and Ports
• Market & local Environment Factors
• Building Availability & Unit Cost