Warehousing is the process of storing physical goods before they are sold or further distributed in a dedicated warehouse or storage facility. Warehouses safely and securely store products in an organized way to track where items are located, when they arrived, how long they have been there, and the quantity on hand.
Why is warehousing important?
Warehousing is important for businesses that import, export, transport and manufacture goods. Having a central location for your products gives you control over your products and helps you ensure that your customers receive their orders on time. Keeping everything organized in one place can also save you money and boost your productivity. Let’s take a look at some of the things that warehousing can do for your inventory process
What Are The Types of Warehousing?
Warehousing comes in many shapes and sizes including the following:
- Private Warehouses: Owned by private entities to store their own products or equipment.
- Public Warehouses: Owned by a government and semi-state body. They are available for rent by private firms to store goods.
- Co-Operative Warehouses: Owned by a co-operative where private firms can rent space for storage.
- Distribution Centres: Distribution centers receive shipments of goods and move them fast from A to B.
