a. State four functions of warehousing b (l). Identify three modes of transportation (ii) Explain three transportation documents
Explanation
a.
(i) Warehouse provides facilities for grading, sorting and packaging of goods Warehouse provides protection to goods from loss or damage due to heat, dust, moisture, wind etc Warehouse helps to keep track of information regarding inflows and outflows of stock Warehousing performs, the function of storage of goods until they are needed Warehousing facilitates price stabilization by the creation of time utility:
b. (i)
Air transportation Road transportation Water transportation Rail transportation etc
(ii)
Waybill: this is a document used no by a carrier showing details and 8instructions regarding the goods Io being transported. It shows the names of the consignor and the Consignee, the point of origin, the destination of the goods. Consignment Note: this is a document prepared by a consignor and countersigned by the carrier as a proof of receipt of goods for delivery at a destination Delivery Note: this is a document that accompanies the shipment of goods and shows the description and quantity of goods declared. A copy of this document, signed by the consignee is returned to the consignor as proof of delivery.