Value Addition Through Warehousing

In: Business and Management

Submitted By karthik1989apk
Words 1971
Pages 8

Submitted to
Prof. Dr Jagendra Prasad Saxena
Operations Management

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Value addition through warehousing
The enhancement added to a product or service by a company before the product is offered to customers. Value addition refers to the additional value of a commodity over the cost of commodities used to produce it from the previous stage of production. The value added to any product or service as the result of a particular process.
A broad definition of value addition is to economically add value to a product and form characteristics more preferred in the market place. There are two main types of value addition, Innovation or coordination. Innovation focuses on improving existing processes, procedures, products or services.
Value-added services are those which complement and enhance warehousing, transportation, and logistics offerings. Using value-added logistics services enables companies to lower inventory footprints of finished goods by delaying the labelling and final assembly of products until customer orders are received. This is a cost effective supply chain strategy that gives companies more flexibility over their inventory. WAREHOUSE
The warehouse has loading docks to load and unload goods from trucks. Warehouses are designed for the loading and unloading of goods directly from Roadways, Seaways and Airways They have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets loaded into pallet racks. Stored goods can include any raw materials, packing materials, spare parts, components
The facility is properly slotted. Slotting addresses which storage medium a product is picked from using the part number of the specific part that is stored according to supplier and with a proper…...

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