Warehouse is a commercial building for storage of finished goods, raw materials or semi-finished goods. Warehouses are used by manufacturers, distributors, importers, exporters, wholesalers, transport businesses, customs, etc. Today many companies recognize that implementing environmentally friendly or “Go Green” policies and practices can result in cost savings that directly impact their business.
Importance of Warehousing in Supply Chain
Whether an organisation is a manufacturer or distributor or retailer, it is well aware about the importance of warehouse and warehousing. This is especially so, when it impacts every aspects of the supply chain and thus affects the business profitability. In every case such as the shipment of finished goods to distributor or retailer, orders to customers or replenishment of production line or replenishment of cycle stock, the effectiveness of a warehouse should not be understated.
Since ages, organisations have been using warehouses/storage in one form or other, and it is expected that the warehouse will still be required in future. With time role, the importance, shape, related technologies, as well as IT systems have changed and evolved for the warehouse. If one is to look at the range of different industry vertical, it is inevitable to find that warehouses serve different type of industries and at different levels of automations.