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- A warehouse is a
commercial building for storage of goods.
- Warehouse is a storage
structure constructed for the protection of the quality and quantity
of the stored produce.
- Warehouses are used by
manufacturers, importers, exporters, wholesalers, transport
businesses, customs, etc.
- Traditional
warehousing has declined since the last decades of the 20th century,
with the gradual introduction of Just In Time (JIT) techniques.
- Some of the most
common warehouse storage systems are: Pallet rack, Mezzanine,
Vertical Lift Modules, Horizontal Carousels, Vertical Carousels.
- Warehousing minimizes
the effects of supply chain inefficiencies, improves logistics
accuracy and inventory management, and allows product accumulation,
consolidation, and customization.
- Warehousing can be
defined by three functions: receiving goods from a source; storing
goods until they are needed by a customer (internal or external);
retrieving the goods when requested.
- The order picking cost
can be saved by minimizing the travel distances through allocation
of most popular items near input/output point in the warehouse and
slotting related stock keeping units together.
- Warehousing is one of
the important auxiliaries to trade. It creates time utility by
bridging the
time gap between production and consumption of goods.
- Warehouses provide a
receipt to the owner of goods for the goods kept in the warehouse.
- Advances in
information technology such as the proliferation of electronic data
interchange
(EDI) usage have contributed to the modernization of the warehouse
industry.
- The cost of
warehousing should be commensurate with the contribution of
warehousing to overall logistics performance - typically between 2%
and 5% of corporate revenue.
- In world-class
warehousing these costs are minimized while improving customer
service.
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Primary Information Services
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