Warehousing, incoterms and self-insure forms integral part of logistics and supply chain management. Warehousing enables effective inventory and product management while incoterms define the inbound and outbound material terms and process. The self-insure ensures that risks and liabilities are taken care through spreading risk to the insurance provider.
Lab Projects Inc. has ventured into producing tablets and therefore they need to adopt effective practices to manage warehousing and logistic function effectively. There are three specific business locations in Toronto, Winnipeg and Vancouver which they need to serve customers for first year of operations while the warehouse has to be private and managed by company itself.
Lab Projects Inc. has ventured into producing tablets and therefore they need to adopt effective practices to manage warehousing and logistic function effectively. There are three specific business locations in Toronto, Winnipeg and Vancouver which they need to serve customers for first year of operations while the warehouse has to be private and managed by company itself.
