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What is Warehousing referred as? Transportation at zero miles per hour
Part of firms logistic system that stores products at and between point of origin and point of consumption Warehouse Management
Types of Warehousing Public Private Contract Multi-client
The role of the Warehouse The warehouse is where the supply chain holds or stores goods
Functions of Warehouse (5) Transportation consolidationProduct mixingDockingServiceProtection against contingencies
Principles of Warehouse Layout Design (3) Use one-story facilitiesMove goods in a straight lineUse efficient materials-handling equipment
Just-In-Time Concept Inventory supply system that operates with very low inventories and requires fast, on-time delivery.
Materials handling Moving goods over short distances into, within, and out of warehouses and manufacturing plants.
Freight Forwarder Firms that accumulate small shipments into larger lots and then hire a carrier to move them, usually at reduced rates.
Reverse Logistics A process of reclaiming recyclable and reusable materials, returns, and reworks from the point of consumption or sue for repair, remanufacturing, redistribution, or disposal.
Vendor-Managed Inventory An inventory management system whereby the supplier determines the product amount and assortment a customer (such as a retailer) needs and automatically delivers the appropriate items.
Third-Party Logistics Providers Firms that perform most or all of the logistics functions that manufacturers, suppliers, and distributors would normally perform themselves.
Quick Response An inventory management system designed to reduce the retailer's lead time, thereby lowering its inventory investment, improving customer levels, and reducing logistics expense.
Customer Service The ability of logistics management to satisfy users in terms of time, dependability, communication, and convenience.
Total Logistics Cost Expenses associated with transportation, materials handling with and warehousing, inventory, stockouts, order processing, and return goods handling.
Objectives of Efficient Warehouse Operations Provide timely customer serviceProvide communication links with customers
Benefits of Warehouse Management Provide a place to store & protect inventoryReduce transportation costsImprove customer service levels
Cost of Operating a Warehouse Capital costs, Operating costs
Capital costs Costs of space & materials handling equipment
Operating costs (2) Cost of laborMeasure of labor productivity
Warehouse Activities (8) Receive goodsIdentify the goodsDispatch goods to storageHold goodsPick goodsMarshal shipmentDispatch shipmentOperate an information system

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