What's it: Warehousing is a set of activities involved in receiving and storing goods in a warehouse, then preparing them for sending back. Warehousing is highly essential for the smooth running of a business. If effective, it makes goods
What's it: Specialization means focusing on a specific aspect of something bigger. It can be related to a product, task, job, or skill. For example, when a company specializes in a particular product, it focuses on a few goods rather than
What's it: Division of labor means dividing the work required to produce a product into different and interdependent tasks. The company breaks down a complex production system into several units. They then assign tasks and workers to each unit.