Question 1

A warehouse is the backbone of any business because this is where a major amount of investment sits. In fact, the warehouse itself is an investment, and therefore one must know in and out of the warehouse and the products kept in the warehouse. Warehousing is the process of storing inventory in a manner that products are easily traceable in a good condition before they are sent into an order fulfilment cycle or sold or distributed to smaller warehouses or retail brick and mortar stores. Describe and discuss the role that warehousing plays in a logistics system.

Question 2

Discuss in detail how organisations identify when and how much to order with a particular emphasis on economic order quantity.provide relevent example to enhance explanation