Meaning of Warehousing
Warehouse: This is a building or a part of a building where goods are received and stored until need arises for them.
Other terms used to refer to a warehouse are depot, a godown or a silo.
Warehousing; This is the process of receiving goods into a warehouse, protecting such goods against all types of hazards and releasing them to users when need arises for them
-There are three distinct stages in warehousing process namely:
- Receiving goods into a warehouse
- Storing them
- Releasing them to users
Thus, warehousing helps to create time utility and is therefore classified as an ‘aid to trade’.
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These notes are good for those students who take procurement