A warehouse is a building for storing goods. Warehouses are used for a range of business and individuals, from manufacturers, importers, exporters, wholesalers etc. Most notable area for them is industrial parks on the outskirts of cities and towns for ease of access.
Warehousing allows for timely delivery and distribution. This then leads to increased productivity and greater customer satisfaction. Warehousing doesn’t just provide storage services but also logistical services by providing the right place for the right quantity at the right time.
Warehousing is an essential part of the supply chain for most types of businesses that deal in physical goods. This can include consumer businesses holding a product that eventually makes its way to an end retail customer or business to business companies storing goods that will be delivered to business customers.
Warehousing allows businesses to store products in strategic geographic areas to reduce delivery times and shipping costs. This can depend on whether their customers are say, in the UK and they need a quick delivery or around the globe and they need warehouse storage on a global scale.
There is a lot of things to consider when utilizing a fully functional warehouse including the below;
- Space is key. Staff need to plan the storage for all products coming in and out to ensure they make the most use of the space available to them. Also ensuring they can be processed as quickly as possible so location is key.
- As items flow in and out of the warehouse an inventory management system needs to be in place to ensure inventory volumes are monitored closely and accurately.
- Certain products may need to be climate controlled.
Warehousing is a huge piece of the integral supply chain. Not only do they serve as storage facilities they also give supply chain managers the opportunity to optimise their inventory purchases, save on shipping costs and speed up delivery times.
If warehousing is an essential part of your business, it is important to consider the points made above to ensure a smooth operating system and successful part of your supply chain.
At TCB Group we have warehousing space in the UK, Ireland and Singapore ensuring you have access to key markets across Europe and Asia. Get in contact with us today to discuss your warehousing needs!