LSCM Module 3 - Word notes
LSCM Module 3 - Word notes
• The place where raw material and/or finished goods are stored is referred to as warehouse or
store.
• Warehouse is structure or building design keeping in mind raw material and finished goods it is
going to store.
• Receive the purchase goods and entered upon the stock register.
• Appropriate record keeping through coding as to preserve goods and reduce obsolescence.
Functions of warehouse
• A warehouse can be considered as a space dedicated to storing goods and materials efficiently.
• Warehouses are used by nearly all kinds of persons and entities engaged in business, like
manufacturers, wholesalers, exporters, importers, etc.
• Numerous types of businesses require warehouses, including transport and customs, among
others.
• Storage
• Safeguarding of Goods
• Movement of Goods
• Financing
• Value-added Services
• Price Stabilisation
• Information Management
• Other Functions