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the warehouse is a storage area where the merchandise or goods that a company sells is stored before being shipped out to customers.
warehouse is the center of the organization, warehouse evolves now a day the main porpose of of warehouse is distribution and logistics. it also identify which product is the fast moving and slow moving so that the aother department will make a neccesary action for the stock level in the warehouse.
the main role of warehouse is a storage of the goods, which can be stored in safe.Either Raw materials or Finished Goods.
Inventory of different type of goods
n the current competitive world of business, warehousing has emerged as a major part of modern organizations that aim to enhance their sales turnover and profits over a short span of time. Warehouse provides various services which including storing of goods, receiving goods, picking items from a particular locality, and shipping goods to a stated destination.
Organizations follow storage strategy due to different reasons. For one reason, organizations can bargain for higher price for their products. On the other hand, companies failing to store their goods will lose their bargaining power as they are not able to demand higher prices for their products. Warehouses can be used to preserve goods produced in order to retain their original quality. Companies can obtain raw materials and other goods, which can be stored in their warehouses. Raw materials required for industrial production can be brought domestically and delivered directly to be preserved in warehouses. A few scholars like to differentiate between finished goods warehouse and raw material store room, but it is suggested that both perform similar functions. Another function of warehouse is to enable shipping of products to a particular destination. Warehouse personnel can be asked to pack the required products & export to the requested destination. As there are advantages associated with warehouses, large numbers of companies have showed interest in maintaining their own warehouses.
Warehousing can be define as a function of business entities where transactions & storage of physical goods (maybe raw materials, semi finished or finished product) occurs frequently in a larger extents with the logical existence reflecting in systems as well.
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