| Warehousing is one of the most important logistical | | | | the same location, no duties are also required to be |
| aspects that new businesses fail to take into account | | | | paid. |
| while formulating their business plans. Need for | | | | 4. The majority of storage facilities can be around |
| warehouse plays a major role in the budgetary | | | | ports, airports, industrial townships, and industrial |
| considerations of any new venture, as it calls for | | | | sectors of major cities. These are the prime locations |
| creating infrastructure in the form of storage | | | | for companies and storage facilities. The location is |
| buildings, means of transportation, and associated | | | | advantageous from the point of view that spurious |
| maintenance costs and manpower. In fact, this work | | | | transportation costs can be reduced through the |
| is different form core business aspects and requires | | | | storage facilities. These locations are also ideal for |
| certain level of expertise and knowledge. The | | | | storage facility owners because of the easy |
| following are certain basic fundamentals and facts | | | | availability of clients. |
| pertaining to this warehousing concept. | | | | 5. The cost of hiring these storage facilities for the |
| 1. Warehousing is important for companies and firms | | | | warehousing purpose varies depending on the |
| that deal in manufactured goods and products. | | | | services that are needed. Storage facilities range |
| Furthermore, this can also have significance for | | | | from fully manual to semiautomatic and to even fully |
| companies providing services with respect to various | | | | automated, where even the cranes and forklifts are |
| equipment. However, this is only relevant when the | | | | controlled by computerized software. The level of |
| company or firm does not have its own facilities. | | | | material security increases with rise in the level of |
| 2. Storage and transportation services can be | | | | automation in the warehouse. It has a direct bearing |
| acquired from outside agencies that specialize in | | | | on the rent of storage units. In addition to this, |
| these kinds of services or already have extensively | | | | storing perishable items requires climate control, such |
| established infrastructure in terms of transport and | | | | as cold storage, and hence costs more. |
| storage. Usually, companies prefer to blend the two | | | | 6. The process of keeping track of materials stored |
| concepts of renting storage space and having their | | | | in the storage facility is known as Warehouse |
| own. More specifically speaking, companies have their | | | | Management System (WMS). WMS calls for |
| own warehousing facilities near their base of | | | | specialized skill and requires expertise in handling |
| operations and hire storage space when it is needed | | | | logistic aspects and computer software. Furthermore, |
| at some remote locations. | | | | big industrial storage facilities are also equipped with |
| 3. Warehousing is especially important for companies | | | | loading and unloading docks for trucks and transport |
| that are involved in export and import businesses. | | | | vehicles to carry goods from or into warehouses. |
| Material imported can be stored in the storage | | | | Also, some of these types of storage facilities, |
| facilities located near the ports. This is particularly | | | | depending upon their location, can also be equipped |
| beneficial because until the goods are taken out of | | | | with railway loading and unloading docks wherein |
| the storage facility, no duties are required to be paid. | | | | goods can be loaded and unloaded directly from |
| Furthermore, in case the goods are exported from | | | | cargo trains. |