Warehouse is, basically, a storage structure erected for protecting the quantity and quality of the stored products. The need for a warehousing occurs due to the time interval between the production and consumption of goods. Storage or warehousing can be defined as holding and preserving goods till the time of their being dispatched to the consumers. Warehousing helps you create time utility by bridging the gap between production and consumption.
Moreover, warehousing or storage is required to avail the goods for consumers as and when required. Also, warehousing helps the businessman to continue entire year production and sell them in times of adequate demand. Another factor contributing to the need of warehousing is the season in which a particular product is produced and the demand for that product all through the year.
The different types of warehouses include:
Few of the key benefits of warehousing which make it even more important are as follows:
A businessman can pay customs duty in installments by storing the imported goods in the custody of a bonded warehouse.
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