Roles and responsibilities:
 

• Inventory Management:

  Warehouses help businesses manage their inventory levels, track stock, and optimize storage space. 

• Order Fulfillment:

  Warehouses can play a role in picking, packing, and shipping orders, especially for e-commerce businesses. 

• Distribution:

  Warehouses facilitate the efficient movement of goods to various destinations, including retail stores, other businesses, or directly to consumers. 

• Storage:

  Warehouses provide a secure and safe space for goods, protecting them from damage and loss. 

Types of Warehouses:

• Public Warehouses: These are open to the public and offer storage space to various businesses. 

• Private Warehouses: Owned and operated by a single company for its own needs. 

• Bonded Warehouses: Used for storing goods that are subject to customs or excise duties. 

• Smart Warehouses: Utilize technology like automation and data analytics to optimize operations. 

Benefits of Warehousing:

• Cost Reduction:

  Efficient warehousing can help reduce storage, handling, and transportation costs.

• Improved Efficiency:

  Optimized warehousing processes streamline operations and improve supply chain efficiency.

• Enhanced Customer Service:

  Timely delivery of products is facilitated by well-managed warehousing.

• Risk Mitigation:

  Warehousing helps businesses manage inventory and prevent disruptions in the supply chain.