Industrial Warehousing and its importance
Industrial real estate is quite similar to the residential real estate, but is only used for commercial and industrial purposes. It covers a range of different businesses and comes in different sizes depending on the application – small, large and huge. The small spaces are usually one or two storied buildings, while large spaces are being used as warehouses to store or manufacture goods. The huge space warehouses are used as distribution and logistics centers for large companies. Advancement in technology and increasing demand of goods, makes it is necessary for companies to be efficient in terms of manufacturing, production, supply chain, logistics etc. It is important for big companies to assess their competitive strengths and weaknesses and strive to be on top.
The global market is constantly expanding and in turn affecting demand and supply. Companies are forced to cut transportation cost by finding production houses where raw materials and labor is cheap, in order to maintain profits. In order to do so, companies also have to procure raw materials from all over the world. The finished goods go through a long supply chain process – warehouses, manufacturers, retailers and then to all customers. Warehouses are a critical part of the supply chain. It is not only used to store finished goods, but also a place where goods are consolidated, packed and shipped to the customers. There are some good companies like Indospace that provide warehouse space in Chennai and Mumbai.
Warehouses are very important in the logistics system. A warehouse is a central place, where goods can be received, sorted and dispatched. It is responsible for the goods that are shipped and is also in charge of the shipping of each item. Warehouses ensure that shipments are dispatched on time. They enhance inventory management, by reducing inventory and making the remaining storage levels easy and convenient, they also decrease the order cycle time. They also enable the customer to know whether the product they are ordering is in stock or not and also help the customer to track the orders they have placed. A warehouse makes a company more efficient, reliable and controls the quality of goods. Companies like Indospace also provide varied warehouse space in Delhi and Pune.
There are many benefits of warehouses – storage of surplus goods that can be used in the future, price stabilization. A good that is not in demand presently can be in the future, warehouses store these goods according to the rising / falling demands of the market, safe places to store and stock goods and be in charge of packing and grading etc. There are three main types of warehouses – private, public and bonded. Big manufacturers own warehouses, while public warehouses are for use of the public on the basis of rent. Bonded warehouses are licensed by the government to hold imported goods that are yet to be paid custom duty for.
Warehouse management is an integral part of a supply chain. It has a large number of benefits and important functions in Industrial real estate. India has various companies that are involved in industrial real estate. It makes the process of production, management much easier and takes the responsibility for the goods, safety and their terms of shipments. They ensure that goods are stored away safely and also enable the customers to be well aware of the status of their order. Finished goods are shipped out from large warehouses where they have been packed and consolidated. The whole process of logistics and supple chain management are very important for the smooth and successful running of most companies. Due to the cut throat competition in the global market today, it is important for a company to make a significant place for itself, with the help of a well managed supply chain.
The global market is constantly expanding and in turn affecting demand and supply. Companies are forced to cut transportation cost by finding production houses where raw materials and labor is cheap, in order to maintain profits. In order to do so, companies also have to procure raw materials from all over the world. The finished goods go through a long supply chain process – warehouses, manufacturers, retailers and then to all customers. Warehouses are a critical part of the supply chain. It is not only used to store finished goods, but also a place where goods are consolidated, packed and shipped to the customers. There are some good companies like Indospace that provide warehouse space in Chennai and Mumbai.
Warehouses are very important in the logistics system. A warehouse is a central place, where goods can be received, sorted and dispatched. It is responsible for the goods that are shipped and is also in charge of the shipping of each item. Warehouses ensure that shipments are dispatched on time. They enhance inventory management, by reducing inventory and making the remaining storage levels easy and convenient, they also decrease the order cycle time. They also enable the customer to know whether the product they are ordering is in stock or not and also help the customer to track the orders they have placed. A warehouse makes a company more efficient, reliable and controls the quality of goods. Companies like Indospace also provide varied warehouse space in Delhi and Pune.
There are many benefits of warehouses – storage of surplus goods that can be used in the future, price stabilization. A good that is not in demand presently can be in the future, warehouses store these goods according to the rising / falling demands of the market, safe places to store and stock goods and be in charge of packing and grading etc. There are three main types of warehouses – private, public and bonded. Big manufacturers own warehouses, while public warehouses are for use of the public on the basis of rent. Bonded warehouses are licensed by the government to hold imported goods that are yet to be paid custom duty for.
Warehouse management is an integral part of a supply chain. It has a large number of benefits and important functions in Industrial real estate. India has various companies that are involved in industrial real estate. It makes the process of production, management much easier and takes the responsibility for the goods, safety and their terms of shipments. They ensure that goods are stored away safely and also enable the customers to be well aware of the status of their order. Finished goods are shipped out from large warehouses where they have been packed and consolidated. The whole process of logistics and supple chain management are very important for the smooth and successful running of most companies. Due to the cut throat competition in the global market today, it is important for a company to make a significant place for itself, with the help of a well managed supply chain.
Comments
Post a Comment