WAREHOUSING
Hey Everyone, Happy New Week. This week shall bring Good News
for everyone of us in Jesus name- Amen. Today we are in a New Topic entirely,
so let's get started.
Warehousing is the act of storing goods produced
or bought in a place until they are needed. It ensures that there is a regular
and steady supply of goods. In Other Words, It's just a place set aside for
loading already produced goods to make room for more production and also where
they can be stored until demand is made by customers.
TYPES OF WAREHOUSE:
a. BONDED WAREHOUSE- is a place, where goods whose
custom duties have not been paid are stored until the duties are settled. It is
usually located around the sea port. This is especially for goods that are
being imported and exported.
b. STATE WAREHOUSE- is a place, where contraband and
illegal goods seized by the Customs Authority are kept, until they are
destroyed.
c. WHOLESALE WAREHOUSE- is a place, where a Wholesaler
stores all the goods
