Warehousing
NIOS · Class 10 · Business Studies
Quick revision notes for Warehousing — NIOS Class 10 Business Studies. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
Meaning and Importance of Warehousing
- Storage done on a large scale and in a specified manner is called warehousing.
- The place where goods are kept is called a warehouse.
- Warehousing means holding or preserving goods in huge quantities from the time of purchase or production till their actual use or sale.
Need for Warehousing
- Seasonal production creates a need for storage because some goods are produced in one season but needed throughout the year.
- Seasonal demand creates a need for storage because some goods are demanded only in certain seasons.
- Large-scale production creates a need for storage because finished goods must be kept until sold.
Types of Warehouses
- Private warehouses are owned and managed by manufacturers or traders to store exclusively their own stock of goods.
- Private warehouses are generally built near fields, business centres, or factories.
- Public warehouses are run to store goods of the general public on payment basis.
Characteristics of an Ideal Warehouse
- An ideal warehouse should be located near highways, railway stations, airports and seaports.
- Mechanical appliances should be available for loading and unloading goods.
- Adequate space should be available to keep goods in proper order.
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