What is stock and warehousing?

Stock refers to the inventory or goods that a business holds for sale or production. It includes raw materials, work-in-progress, and finished products. Proper stock management is crucial for businesses to ensure smooth operations and meet customer demands. Warehousing, on the other hand, refers to the storage and management of stock in a designated facility or warehouse. Warehousing involves activities such as receiving and inspecting goods, storing them safely, organizing inventory, and distributing goods when required. Effective stock and warehousing practices are essential for businesses to optimize storage space, minimize costs, improve order fulfillment, and maintain inventory accuracy.

This mind map was published on 2 August 2023 and has been viewed 69 times.