Warehouse
TermiKnowledge - Supply Chain, Procurement and Inventory Termologies
Warehouse
Warehouse - Supply Chain, Procurement and Inventory Termologies
Definition
An industrial facility for storage, value-addition, and distribution of inventory in various forms such as raw materials, components, work-in-process, finished goods, MRO, and spare parts.Synonyms
Store, Distribution Centre, Fulfilment Centre, Mother Hub and Delivery Centre.Ownership
Public, Private and Contract Warehouses.Taxation
Bonded and Unbonded Warehouses.Design
Functional Design of Warehouses and Structural Design of Warehouses.Functions
Docking, Unloading, Inspection, Document Verification, Inbound Staging, Put-Away, Storage, Order Management, Picking, Document Preparation, Outbound Staging and Loading.Value-Additions
Cross-Docking, Packaging, Packing, Labelling, Assemble-To-Order, Configure-To-Order, Expediting/De-expediting etc.In today's economic scenario every business organization needs a proper warehouse for storing its raw material as well as finished merchandise. To sustain in the long run, the organization needs a warehouse that can manage its inventory and deliver the goods when required. Warehouse management therefore plays an important role in any business organization. In short supply chain, warehouse management functions as the link between the customer and supplier. The warehouse is used to consolidate or collect goods, reduce the shipping cost and attain economy over the supply of goods. Warehouse management includes physical as well as electronic aspects of the warehousing.
Physical warehouse management mainly involves supervision of the loading and unloading of finished goods from the truck and storage area. Warehouse equipment is used for the storage and movement of goods and other items. Electronic systems are used for overall management including production, receiving, pick and pack, shipping and payment. Proper warehouse management deals with all the aspects of the supply chain. Warehouse personnel also plays an important role by maintaining inventories, collecting and monitoring data on the condition of goods and inspecting the quality and quantity of raw materials received from suppliers.
It is important to maintain an adequate warehouse so that it can meet the demands of production and business. If the warehouse is not managed efficiently then it can create havoc in the whole process of production. If warehouses do not properly handle the demands of production then they may face problems like increased operation costs, unavailability of raw materials, poor quality of finished goods, and so on. Therefore to avoid such problems, organizations need to employ efficient and qualified Warehouse support providers who offer comprehensive and timely warehouse services.