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 a...

Answer Details

a) Five factors to be considered by Mr. Abu in locating his public warehousing business are:

1. Accessibility: The warehouse should be located in an area that is easily accessible to transportation networks, such as major roads or highways, railways, and ports. This will ensure that the warehouse can efficiently receive and dispatch goods to customers.
2. Market demand: The location of the warehouse should be driven by market demand. Mr. Abu should ensure that there is a sufficient customer base in the surrounding area to support his business.
3. Proximity to suppliers: The warehouse should be located in close proximity to suppliers, especially if the business deals with perishable goods or products with a short shelf life. This will minimize transportation costs and reduce the time it takes to receive goods from suppliers.
4. Availability of labor: The location should have a sufficient supply of labor, both skilled and unskilled, to meet the operational needs of the warehouse.
5. Cost of land and rent: The cost of land and rent in the chosen location should be considered to ensure that the business is financially sustainable in the long run.

b) Five activities to be carried out by Mr. Abu in his public warehousing business are:

1. Receiving goods: The warehouse should have a system in place to receive goods from suppliers. This involves inspecting the goods to ensure that they are of the right quality and quantity, and storing them in appropriate areas.
2. Storage: The warehouse should have adequate storage facilities, such as racks or bins, to accommodate the different types of goods that will be stored. This involves organizing and categorizing the goods based on their characteristics.
3. Inventory management: The warehouse should have a system in place to keep track of the goods that are stored, including their location, quantity, and condition. This will help to optimize the use of space and minimize losses due to spoilage or theft.
4. Order fulfillment: The warehouse should have a system in place to fulfill customer orders, including picking and packing the goods, and preparing them for dispatch. This involves ensuring that the right goods are delivered to the right customers in a timely and efficient manner.
5. Maintenance: The warehouse should be properly maintained to ensure that it is clean, safe, and in good working condition. This involves regular cleaning and repair of equipment, and ensuring that the warehouse complies with health and safety regulations.