UK Accounting Glossary
The storage of goods in a warehouse. (Or) The building up of a holding of shares in a company prior to making a takeover bid.
Warehousing plays an important role in the supply chain, and one of the primary reasons is: To enable continuous production – Factories need to have their raw materials stored so they can make a continuous supply of goods. The storage allows the factories to have enough raw materials on stand by to maintain constant production. A warehouse also provides a central location for receiving, storing and distributing products.
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This glossary post was last updated: 5th May 2019.