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Warehousing Modelling and Analytics – Lesson Summary

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WAREHOUSE
Warehouse is a large building where raw materials or manufactured goods may be stored prior to their distribution for sale.
Traditional Models for Warehouse Location

Weight losing raw materials (Stored near the source of the production)
Non -Weight losing raw materials (Can store anywhere)

Newer Models for Warehouse Location

Factor Rating Model
Break-Even Analysis Method
Centre of Gravity Method
Ardalan Heuristic
Transportation Cost Model
Total Cost Model

GOODS AND SERVICE TAX (GST)
The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.
ABC ANALYSIS
ABC Analysis is a type of inventory categorization method in which inventory is divided into three categories, A, B, and C, in descending value. A has the highest value items, B is lower value than A, and C has the lowest value.
CROSS DOCKING 
Cross Docking allows you to reduce the costs of goods transportation in a warehouse and shorten the time needed to deliver.