Mr. Abu, an entrepreneur, wants to public warehousing business a) State five factors to be considered by Mr.Abu in locating the business. b) Describe five activities to be carried out by Mr. Abu in the business
Explanation
a)
Neatness to customers: Mr. Abu would have to hire a building or buy a site close to his target market Availability of capital: Mr. Abu would decide to hire a building if he does not have enough capital to build his own warehouse Availability of labour: he would prefer to establish his warehouse in an area where he can easily access warehouse attendants for his daily operation Access to good roads: he would like to establish warehouse in areas with good road to that it would be easy for his target market to convey goods in and out of the warehouse constant power supply: he would establish the warehouse where power 10nsupply is constant to maintain the of temperature of the products in his warehouse at low Cost Telecom facilities: he would choose area with good communication network coverage in order to interact oct with his customers on phone or internet Availability of financial institution: he would have to locate his business lose bos to bank and insurance company to easily access them for financial transactions. nature of business/product: his warehousing business would prosper if it is established close to his customers he would establish in an area where building or plots of and are accessible to him. Competitor's location: He might choose to establish close or away from his competitors
b)
Maintaining a safe and clean working environment in the warehouse Labelling the type of products to be stored using identification code number or tag to differentiate goods of different Customers Keeping/dispatching of goods in the warehouse under proper protection until they are needed Ensuring that goods that make up Single order are put together, check Omission, errors and update of order records Moving items into the warehouse using Forklift and other facilities Receiving of goods from customers the into the warehouse Sorting and grading of goods in the warehouse Packaging and repackaging of goods on behalf of the customers in the warehouse Taking stock of goods in the warehouse regularly to known the fast and slow moving goods
