Untitled Flashcards

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Warehouse

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It is a place where goods are stored for future use and act as distribution centres. Warehouses are designed depending upon the nature of the products to be stored.

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Definition of Warehouse

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According to J. Stephenson, “a warehouse in an establishment for the storage or accumulation of goods”.

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Warehousing

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It is an arrangement by which goods are stored when they are not needed immediately and are kept in such a manner so as to protect from damage or deterioration.

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Types of Warehouse

On the Basis of Ownership

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Private Warehouses

Government Warehouses

Public Warehouses

Co-operative Warehouses

Bonded Warehouses Institutional Warehouses Distribution Centre Warehouses

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On the Basis of Commodities stored

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General Warehouses Special Commodity Warehouses

Cold Storage /Refrigerated Warehouses

Climate Controlled Warehouses

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Functions of Warehouses

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Storage

Price Stabilization

Equalization of Demand and Supply

Business Finance

Risk Bearing

Preparation

Widening the marketing area

Value added services

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Drawbacks of Warehousing

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There are no adequate transport facilities between the place of production and warehouses

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Advantages of warehousing

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Warehouses reduce distribution cost of the traders by storing the goods in bulk and allow the trader to take the goods in small lots to his shop.

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Warehousing Documents

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Warehouse Warrants

Warehouse Keeper’s Receipt

Dock Warrant

Dock Receipt

Delivery Order

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Main Warehousing Agencies in the Public Sector

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Food Corporation of India (FCI)

Central Warehousing Corporation (CWC)

State Warehousing Corporation (SWC)

Tamil Nadu Warehousing Corporation (TNWC)