Discuss any five (5) of the value-added activities that can be performed by warehouses and distribution centers. Explain why stock location is important in a warehouse. What warehouse activities rely on a good stock location system? Name and describe three (3) basic systems of stock location. What is a procedure manual? How would you formulate a procedure manual for an existing warehouse facility? What is a risk assessment? What are the basic inbound operations of a warehouse? What are the outbound operations? What is likely to be more labour intensive and why? Describe some of the figures/metrics commonly used in efficiency measurement schemes. Describe in detail the measures you would put in place to minimise theft in a warehouse facility. Discuss the factors that should be part of the selection criteria for a new warehouse site for MIT. Discuss the factors MIT would need to consider when planning the layout of a new warehouse.