What are the functions of warehousing?

Following important functions are performed by warehouses:

(1) Storage:

This is the basic function of warehousing. Surplus commodities which are not needed immediately can be stored in warehouses. They can be supplied as and when needed by the customers.

(2) Price Stabilization:

Warehouses play an important role in the process of price stabilisation. It is achieved by the creation of time utility by warehousing. Fall in the prices of goods when their supply is in abundance and rise in their prices during the slack season are avoided.

(3) Risk bearing:

When the goods are stored in warehouses they are exposed to many risks in the form of theft, deterioration, exploration, fire etc. Warehouses are constructed in such a way as to minimise these risks. Contract of bailment operates when the goods are stored in warehouses.

The person keeping the goods in warehouses acts as bailor and warehouse keeper acts as bailee. A warehouse keeper has to take the reasonable care of the goods and safeguard them against various risks. For any loss or damage sustained by goods, warehouse keeper shall be liable to the owner of the goods.

(4) Financing:

Loans can be raised from the warehouse keeper against the goods stored by the owner. Goods act as security for the warehouse keeper. Similarly, banks and other financial institutions also advance loans against warehouse receipts. In this manner, warehousing acts as a source of finance for the businessmen for meeting business operations.

(5) Grading and Packing:

Warehouses now-a-days provide the facilities of packing, processing and grading of goods. Goods can be packed in convenient sizes as per the instructions of the owner.

I fully agree with the answers been added by EXPERTS........Thanks.

All of the above.

The important functions of warehousing are as follows:

1.     Receiving of Goods, equipment and supplies

2.     Recording of received goods

3.     Marking of goods for Identification

4.     Storing of the goods in shelves

5.     Packing of the goods for storing, if necessary

6.     Information about receipt of the goods to the intended user

7.     Delivery of Goods to the intended user

8.     Updating of records after delivery.

9.     Maintenance of the warehousing equipment

.    Maintenance of the warehousing premises.

               .Maintenance of security of the warehouse 

Functions of Warehousing:

1. Storage of Goods: The primary function of warehousing is to store the stocks of surplus products so as to make them available whenever there is storage of these goods.

2. Stabilising Prices: By performing the primary function of storage and balancing the demand and supply of goods, warehousing helps in stabilising the prices.

3. Sharing of Risk: Warehouse keeper bears the risk of loss or damage for goods in storage. Thus, the risk in keeping the goods is transferred to the warehouse keeper as soon as the goods are handed over to him for storage.

4. Financing: Warehousing performs another important function of financing against the security of goods deposited in the warehouses.

5. Other Functions: In addition to storage, stabilising of prices, sharing of risk and financing, warehouse- keeper performs a number of other functions such as:

(a) He takes representative samples and breaks-up large stocks into smaller lots.

(b) He opens and repacks goods at the time of inspection by the custom authorities.

(c) He delivers goods in whole or in part to the buyer as per the instructions of the depositors of goods.

(d) He helps in expansion of market.

(e) Warehousing aids foreign trade.

all the above and much more 

For the question asked by you is 4) all the above. 

Function of warehousing are much more higher than what options you have given. Warehousing is a wider approach of storing tires in an secured premises. Security of product is the main function. 

For me it start with Identification and sorting of product followed by putway , order processing,

according to me it is All of the above

Hello Team,

Warehousing-definition • In a simple sense: A warehouse is any location where stocks of material are held on their journey through supply chains. • It creates time utility Warehousing-definition • Its an integral part of a logistics system that stores products (raw materials, parts, finished goods) temporarily, semi-temporarily at and between point of origin and point of consumption, to mix, consolidate, break-bulk products and provide information on the status, condition, and disposition of the items being stored. • Three basic functions of warehousing: • Storage • Movement • Information transfer Functions of Warehouses • Storage Temporary long time • Movement Receiving Transferring (put away) Order selection Shipping • Information Transfer Such as: Inventory level , Inventory location, Throughput rate, Space utilisation Distribution strategies Warehousing: This is the classical strategy in which warehouses stock and provide customers with products as required. • Cross-docking: In this strategy products are distributed continuously from suppliers through warehouses/DCs to customers. However, warehouses/DCs rarely keep the products more than 10- 15 hours. The key to the process is transshipping, not holding stock. Direct shipment: In this strategy, products are shipped directly from the supplier to retail stores without going through distribution centres/ warehouses.

Objectives • Discuss the importance and functions of warehousing in the logistics system. • Identify the major forms of warehousing. • Identify the functions performed by protective packaging

Warehousing of products • The reasons are similar to the objectives of holding inventory: • Maintain a source of supply • Support the supply-chain’s customer service policies (e.g., on time delivery, supply in full) • Meet changing market conditions (e.g., demand fluctuations, seasonality) • Overcoming the time and space differentials that exist between suppliers, producers, and consumers (place/time utility)

• Achieve transportation economics (e.g., Truckload (TL) instead of Less than Truckload (LTL) of supply • Achieve production economics (Long production runs) • Take advantage of quantity purchase discounts and forward buys • Provide customers with a mix of products (e.g., product mixing, product consolidation, break-bulk) • Provide temporary storage mate.

Regards,

Saiyid

my answer is option " 4 "

                     .

   4. All of the above..............