Warehousing refers to storage of goods and items with a certain purpose of preservation of goods till the time the consignment is released to the consumer. Therefore warehouses are particularly huge storage structures to safeguard the quantity as well as quality of products stored. The requirement of warehouse storage emerges in occasions when there is a gap between the actual production and market consumption of goods.
There are various types of warehouses suitable for different businessmen and purposes:
- Private Warehouses
- Public Warehouses
- Bonded warehouses
These are dedicated and self owned warehouses of large enterprises and manufactures. Maintaining these kinds of warehouses requires a lot of expenditure on behalf of the companies who store their own goods in these private company owned warehouse. Private warehouses are particularly licensed to private business owners or manufacturers. Thus in these warehouses only those items can be stored that are imported on behalf or by the owner of the warehouse.
Public warehouses are meant for general usage by the public against a particular amount of charge. These can be owned by a single businessman or even by a cooperative society. A public warehouse is popularly known as a ‘duty paid warehouse’. These are licensed by the government for public usage. Generally these are located near public locations like railway junctions; bus stands or markets so that they can be readily accessed.
Bonded warehouses are controlled and monitored by the government directly or by the customs authorities. These are built and licensed by the government particularly to stock goods rather imported goods until their custom duties are cleared. Since these warehouses deal with imported goods, these warehouses are built near ports in general.
All these types of warehouses are meant for different usage types by different section of users. Therefore different types helps different segments of the market with their storage capacities.