What is a warehouse?
A warehouse is a facility where goods from different sources are kept for storing purposes before being dispatch to the final destination. Stored goods can be various type of raw materials, components, finished or semi-finished products, etc. from different industrial sectors. Many companies utilize warehouses as a medium of storing goods in bulk quantity, which were later on sorted, packed and shipped to fulfil customer orders.
What are different types of warehouses?
- Distribution Centres: Located near end-consumers location, these distribution centres are built for storing goods for shorter period of time and for faster product delivery.
- Public Warehouses: Owned by government or semi-government bodies, public warehouses offer available free space in the premises on rent to the business owners in order to store their goods for a short period of time.
- Private Warehouses: Owned by private companies, wholesalers or distributors for more control over inventory tracking and management.
- Bonded Warehouses: Bonded warehouses are used to store imported goods from different countries for short-term or long-term, before being sold in the market by the importers.
- Climate-controlled Warehouses: When items need to be stored at a specific temperature, this type of warehouses becomes a good fit.
- Smart Warehouses: Smart warehouses uses the power of warehouse automation in which various modern technologies such as Artificial Intelligence (AI), Robotics, GTP Systems, etc. handles most of the warehouse operations from storage to order fulfilment.
Which type of warehouse you should choose?
Selecting the right type of warehouse completely depends upon the type of good you want to store and for how long period of time. Other factors for choosing a correct warehouse also includes the nature of the business you’re dealing with and the amount money you can spent from sourcing of goods to finally delivering it to the end consumer.