Warehousing Services

Warehousing refers to activities involving storage of goods in an organized manner and making them conveniently available when required. The need for warehousing service arises due to the gap between production and consumption of goods. Warehouses are generally used by manufacturers, importers, exporters, wholesalers, distribution agencies and individual clients. The services are intended to bridge the time gap between production and final dispatch, creating time utility. Warehousing services form an essential part of supply chain management, helping manufacturers to anticipate the future demands and continue with the production of the goods.

Warehousing services have other significance too. It is specially useful for storing fragile goods, art pieces and other items for future display. It is also useful for in-transit storage of variety of goods. In-transit warehousing refers to the short term storage of goods while transporting the consignment.

Benefits of warehousing services

• Warehousing provides secure facility for storage of goods when supply exceeds the demand. The stored goods are immediately made available to the consumers when the demand is high. Thus warehousing services ensure regular supply of goods in the market, stabilizing the price factor by matching supply with demand
• Modern warehouses provide facility for processing, packing, blending, grading etc, of the goods for the purpose of sale.
• Prospective buyers can inspect goods stored at the facility.
• Warehouses provides facility of receipt for the custodial goods to the owner. The owners can borrow money against the security of the goods, by endorsing the receipt of the warehouse.
• By storing imported goods in bonded warehouse, a businessmen can pay customs duty in installments.