Types of Warehousing
Public Warehouses: Facilities available for rent by different companies, suitable for businesses that don't want to invest in their own warehouse space.
Private Warehouses: Owned by large businesses or retailers, providing full control over storage and operations.
Bonded Warehouses: Ships carry a large proportion of global trade, especially for intercontinental transport. Containers, bulk carriers, and tankers are widely used for transporting cargo like oil, gas, and manufactured goods.
Distribution Centers: : Specialized warehouses for storing and distributing goods efficiently and quickly.
Storage Methods
Pallet Racking: Storing goods on pallets in tiers using racks.
Bulk Storage: Used for storing large quantities of unpackaged goods, often piled or stored in large containers.
Automated Storage and Retrieval Systems (AS/RS):: Computer-controlled systems that place and retrieve items in the warehouse, improving efficiency.
Cold Storage: Facilities used to store perishable items at low temperatures to preserve their shelf life.
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Warehouse Operations
Receiving: Unloading, checking, and organizing incoming goods.
Putaway: Moving goods from receiving areas to their designated storage locations.
Picking: Preparing goods for shipment, including packaging and labeling.
Shipping: Dispatching goods to customers, retailers, or other distribution points.
Packing: Preparing goods for shipment, including packaging and labeling.
Inventory Management
Stock Keeping Unit (SKU):: A unique code used to identify each product or item in the warehouse
Cycle Counting: A method of auditing inventory levels by counting a subset of items on a rotating basis.
Just-in-Time (JIT) Inventory: A strategy that reduces inventory levels by receiving goods only as they are needed.
First-In, First-Out (FIFO): A system in which the oldest stock (first-in) is used or sold first.
Last-In, First-Out (LIFO): A system where the most recently received inventory is the first to be used or sold.
