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Role of warehousing is to store goods for a specified period of time. Businesses follow storage strategy due to different reasons. For one reason, organizations can bargain for higher price for their products. On the other hand, organizations 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. Another function of warehouse is to enable shipping of products to a particular destination.However, Warehouses are no longer just for storage....My understanding is that today’s warehouse plays a new role & works in a new dimension.
In today's cost-conscious, efficiency-driven environment many businesses are reevaluating their definition of warehousing. Anything that doesn't lend itself to a high-speed, highly mechanized, low-labor environment is being sent to the warehouse. Businesses are gradually expanding the services they expect from their warehousing providers, seeking ways to increase flexibility, improve inventory control, manage costs & streamline the supply chain.
3 Services, in particular that businesses can benefit from warehousing & are drawing considerable interest:
1. Shared Space Environment:
Companies with dramatic seasonal or promotional fluctuations don't want to invest in space that they can't fill year-round, but they must accommodate business surges. A shared space environment accommodates shipping peaks & valleys by balancing multiple manufacturers' requirements with complementary surges. To manage this arrangement, a third-party provider analyzes shippers' space requirements and identifies peak periods of activity.
2. Cross-docking process:
More businesses are rediscovering cross-docking— moving product directly from receiving to shipping with little or no inventory & minimal handling. The process is resurfacing as a way to take costs out of the supply chain, accelerate inventory velocity & improve service levels.
3. Involving a3PL:
Many businesses are recognizing that3PL's are often better positioned than their own internal operations to adapt to the expanded warehouse role. Experienced3PLs offer convenient facilities with a skilled workforce, state-of-the-art equipment /facilities, established systems & processes for peak performance - routinely reviewing the forecasting, scheduling, processes, equipment & other variables... looking for opportunities for improvement.
Demand for specialized warehouse services will climb for the foreseeable future as manufacturers intensify their focus on core competencies. Fortunately,3PL providers can offer innovative, flexible solutions to help streamline their supply chains, increase flexibility & better cost management.
its is key roll in business by increases customer service level, cost saving, time utilization in operations and material safety.
The main Key role in Business.
a. Inventory of stock material.
b. Stock Received and issued report for accounting...
c. Material analysis report. Damaged or lost -Shortage. ( Accountants officer is authorized to make update in our inventory and update..
main objective of a warehouse are
Receiving , identification and sorting , dispatching and storage, issuance and retrieval of storage, order accumulation, shipment preparation, and record keeping. Also section is responsible in space utilization, equipment or items utilization, and accessibility, security and protection of materials.
