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Information @ a Glance

  • 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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