Page 228 - DMGT523_LOGISTICS_AND_SUPPLY_CHAIN_MANAGEMENT

Unit 9: Warehousing

Private Warehouse: A private warehouse facility is warehousing on a contractual basis by Third Notes
Party Logistics Providers (3PL), who provide unique and specially tailored warehousing and
logistics services to clients.
Public Warehouse: A public warehouse, in India, is a warehouse operated by the Central
Warehousing Corporation of India or by State Warehousing Corporations.

Receipt: A receipt is a written acknowledgment that a specified article or sum of money has
been received.
Recordkeeping: Systematic procedure, by which the records of an organization are created,
captured, maintained, and disposed of.
Refrigerated Warehouses (either Frozen or Chilled): These are specialist warehouses designed to
handle and maintain products that are perishable such as food, medical items, and chemical
products with special temperature requirements.
Stockpiling: A stockpile is a pile or storage location for bulk materials, forming part of the bulk
material handling process.
Warehouse: A large building where raw materials or manufactured goods may be stored before
their export or distribution for sale.
Warehouse Management Systems: A warehouse management system (WMS) is a software
application that supports the day-to-day operations in a warehouse.

9.7 Review Questions

1. Define Economic Benefits.
2. What are Break Bulk and Cross Dock?
3. Highlight the five basic service benefits are achieved through warehousing.

4. Throw some light on the general schematic of stores activities.
5. Write brief note on Goods Receipt Note (GRN).
6. What do you understand by Stores Material Requisition Note (SMRN)?
7. Distinguish between private and public warehouse.
8. Highlight the classification of private warehouses.

9. Discuss the design criteria of warehouse.
10. What is Warehouse Management Systems?
11. Explain the criteria of Material handling equipment.

Answers: Self Assessment

1. Economic 2. Consolidation

3. Warehouse 4. Stock spotting
5. True 6. False
7. True 8. False
9. Private Warehouse 10. Public Warehouse

11. JIT 12. Bonded

LOVELY PROFESSIONAL UNIVERSITY 223