Warehousing
Warehousing refers to the storage of inventory before they are sold or distributed. Some objectives of warehousing include enhancing operational efficiency and minimising the risk of damage to your goods.
Functions Of Warehousing
Protection Of Goods
Warehouses are built to protect goods from damage caused by dust, heat or theft.
Storage Of Goods
Warehousing is typically used for storage of items that are not required yet.
Types Of Warehousing Solutions
Private Warehouse
Private warehouses are owned by wholesalers, manufacturers, distributors, or major retail marketplaces.
These warehouses are exclusively used for the warehouse owners’ own distribution and storage activities.
Public Warehouse
Public warehouses are owned by government bodies and are made available for rent to businesses from the private sector.
While they are not usually equipped with the latest technology, public warehouses are one of the most affordable and accessible warehousing options around.
This makes them suitable for small business owners and start-ups with financial constraints.
Co-operative Warehouse
These warehouses are owned and managed by co-operative societies who offer warehousing facilities at a discounted rate for their members.
Bonded Warehouse
Bonded warehouses are used to store imported goods with unpaid custom duties and taxes during the customs clearance process. These types of warehouses are normally owned and controlled by dock authorities and are found near ports.
Five Key Processes Involved In Warehousing
Receiving
The warehouse must first verify that goods are received in the correct quantity, on schedule and if they are of satisfactory condition.
Put-Away
Once assessed, goods are moved into the warehouse’s storage. We carry this out systematically to improve efficiency.
Picking
When necessary, we select products to fulfil inbound orders. To optimise this process, we we utilise technology to achieve greater accuracy.
Packing
Upon selection, goods are consolidated and prepped for shipment. We ensure goods are packed securely to prevent mishaps.
Shipping
Shipping is only considered successful when the item has been dispatched correctly and delivered safely.
Advantages Of Warehousing
Goods kept at the warehouse are typically insured at the risk of the warehousing company. This helps to minimise your business risk by transferring the risk of damage or loss to the warehouse owner.
Warehouses usually utilise the latest equipment and technology to help minimise your losses caused by damages or a deterioration in the quality of goods.
Using a warehouse for storage ensures that there is a regular supply of goods available to meet the demand of consumers. Maintaining a constant stock level can prevent price fluctuation in the market.
Warehousing services can lead to the better management and tracking of your inventory. This helps to streamline your business processes and increase productivity.
Some products are only produced during certain periods but are consumed throughout the year. Using a warehouse for storage ensures that there is a consistent supply of such goods.
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Customer Reviews
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