What are the 5 functions of warehouse?

The need for storage arises both for raw materials and finished products. Storage involves proper arrangement for preserving goods from the time they are purchased or produced till actual use. Here comes the role of dedicated warehousing services...

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What is Vendor Managed Inventory (VMI)?

It is a wholesale inventory management system where inventory is replaced for retailer or buyer without them having to initiate the purchase order. The inventory data is shared by buyer or retailer with the vendor and vendor determines order size,...

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