Author: KNEC notes and Past Papers

These warehouses are owned, managed and controlled by central or state governments or public corporations or local authorities. Both government and private enterprises may use these warehouses to store their goods. Central Warehousing Corporation of India, State Warehousing Corporation and Read More …

It is a public warehouse that is used to store dutiable goods (refers to goods on which tax must be paid before they are released) The goods may be locally made or imported The tax charge on local made goods Read More …

They are owned by individuals for purpose of renting space to those who need it for storage of their goods. They are conveniently situated near terminals e.g. seaports an airport, railway station etc. It facilitates movement of goods in and Read More …

They are owned and operated by private individuals for the purpose of storing their own goods only. There are various types of private warehouses namely; Wholesaler’s warehouses – It stores wholesaler’s goods as they wait distribution/sale. They enable the wholesaler Read More …

1. Private warehouses. They are owned and operated by private individuals for the purpose of storing their own goods only. There are various types of private warehouses namely; 1. Wholesaler’s warehouses-It stores wholesaler’s goods as they wait distribution/sale. They enable Read More …

This importance’s cut across the producers, traders and consumers. It ensures steady supply of goods into the market since they are stored in a warehouse and released when the market needs them. It ensures no surplus or shortage of goods. Read More …

1.  Receiving-this usually involves; Inspecting the goods to ensure they are in the good condition. Grading and coding of goods in order to identify them easily at the time of issue. Recording the receipt of goods into the warehouse. 2. Read More …

ABC Analysis This is a method discovered by an Italian Vilfred pareto between (1848-1923), he discovered that in inventory there is a common statistical effects, some of the findings were that 80 percent value of wealth of a nation is Read More …

There are various methods that can be used to reduce main types of stock costs. For instance, ordering costs can be reduced by buying optimal quantity required. The cost of carrying stock can also be avoided through reducing the amount Read More …

To provide a buffer between supply and demand. To take advantage of quantity discounts. To account for seasonal fluctuation in price, supply and demand. To help the production and distribution operations run more smoothly. To minimize production delays caused by Read More …