What is warehouse?
Warehousing is defined as the storage of goods. Warehouses are used by commercial organizations such as manufacturers, importers, exporters, wholesalers, transporters, custom authorities and many more. They are usually large buildings equipped with loading docks to load and unload vehicles containing large quantities of goods and materials.
Why warehouse is important to trade?
Warehouse is important to trade because it gives protection and security of goods and materials through careful storage, handling and use of security systems. Regular flow of goods and materials that can be consumed or used throughout the year. Possibly of continuous production because raw materials are always readily available. Organizations can have their own warehousing facilities, although smaller companies may find it less expensive to hire space on a larger warehouse.
Explain the functions of warehouse?
The functions of warehousing, the storage of large goods from the time of purchase until their sale of use. It gives protection from loss or damage caused by extreme environmental conditions. It provides conditions which is suitable for the preservation of certain types of products or materials. Receiving goods and materials can be kept in the warehouse. We can pack the goods and dispatch orders to customers directly from the warehouse.
What is bonded warehouse?
Bonded warehouse is located near ports of entry into a country. It is controlled and supervised by the customs and excise authority. Also used for the storage of goods that are exported or imported. Dutiable goods cannot be removed until duty is paid.
What os the work of bonded warehouse?
Bonded warehouse is where dutiable goods are stored and cannot be removed for distribution to the home market until duties on them have been paid or where goods which are imported are keep until they are re-expoted to other countries. Bonded warehouses are under the control of customs and excise authorities. It provides a space for imported goods be stored until the duty is paid.
Why seasonal goods need a proper warehouse for protection?
Seasonal goods need a proper warehouse for protection because they are produced or harvested at a particular time of the year but are sold throughout the year. A proper warehouse helps to store these goods safely until they are needed in the market. It protects them from damage due to weather conditions, pests, and theft. It also helps maintain their quality and prevents spoilage, especially for perishable or delicate items like fruits, clothes, or decorations. Without proper storage, the seller may face losses due to spoilage or reduced demand out of season.
