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1-Public 2- Vendor and client. 3- Contract and public 4-Storage
Correct Answer is Contract and public
I would like to vote for contact and public warehousing ....
Hello Team,
Private and public warehousing A warehouse may be privately owned and operated by a company making its own merchandise. This is called a private warehouse. A warehouse may be owned and operated by another organization, including a government agency, and only used by a company on certain terms and conditions. This is called a public warehouse. A public warehouse may be owned by a company in the private sector but used by the general public. Irrespective of whether a warehouse is a private or a public warehouse, the following factors have to be taken into account to work out the cost of storage.
1. Interest on the capital used for buying the site.
2. Interest on the funds used to buy the furniture
3. Cost of repairs and maintenance
4. Depreciation on building and equipment
5. If productivity (or efficient use) of the warehouse can be increased by 25 percent, there is an equivalent reduction in costs per unit handled and processed.
7. There are fixed costs in the shape of the cost of space per square meter or per cubic meter, etc.,
8. There are variable costs in the shape of cost per unit handled or processed, which must be added to the fixed costs. Maximum efficiency is achieved by processing a larger number of units through the warehouse space. The larger the number of processed units the lesser the cost per unit. There are a few considerations which must be taken into account in the use of public and or private warehousing facilities. There are advantages and disadvantages on both, and the decision on establishing a private warehouse must only be made after a careful assessment of overall benefits.
1.3 Private warehousing The construction and maintenance of private warehousing facilities can be extremely costly. All the expenses have to be carefully analyzed and evaluated. These are
1. Fixed expenses incurred on the acquisition of land and building, normally which are very high
2. Expenses, incurred on ensuring that warehouses are properly equipped with Motorized Handling Equipment (MHEs) like fork lifts, conveyors, semi-automatic trucks, storage racks and bins, and mezzanine floors, etc.,
3. The cost of wages for staff required for peak activity periods like over time, which can be very high since retrenchment during slack periods may not be possible.
4. Extra payment like over time wage to be made for work on Saturdays, Sundays, and holidays.
5. Other service charges which are required in the maintenance of warehouse operations have to be taken into account.
6. Budgets have to be allocated for office and record keeping equipment for successful warehouse operations.
7. The cost of regular maintenance and repairs and the cost of such items as fire- extinguishers, fuel, air-conditioning, power and light have to be taken into account.
8. The cost of maintaining insurance records of premiums paid for fire, theft, and also for workmen’s compensation.
1.4 Public warehousing All the forgoing cost factors operate in public warehousing as well. But, in public warehousing, the expenses are distributed over several consignments of their clients. In most cases, therefore, the net result is a lower cost for each consignment. Warehousing has become a extremely specialized service and a public warehousemen can provide improved service with greater flexibility for the end user. A company running a private warehouse will have to evaluate the costs incurred with the total figure for the complete service through public warehousing.
Regards,
Saiyid
i public warehouses is the answer
the correct answer is : contract and public warehouse
Contract and Public Warehousing
Thank you for the invitation I agree with the answers of experts and specialists
agree with expert answers above
Multi-client warehousing mixes attributes of contract and public warehousing
Contract and public ___________________-Right answer
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