Warehousing
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FREQUENTLY ASKED QUESTIONS
What is Warehousing?
Warehousing is the act of storing goods that will be sold or distributed later.
What are the types of warehousing?
Warehousing comes in many shapes and sizes:
- Private Warehouse - privately owned by wholesalers, distributors, or manufacturers.
- Public Warehouse - owned by governmental bodies and made available to private sector companies as compared to different types of warehouses.
- Bonded Warehouse - can store imported goods before customs duties are required to be paid on them.
- Co-Operative Warehouse - owned by a co-operative where private firms can rent space for storage.
- Distribution Center - a storage space that is usually built with specific requirements in mind.
- Smart Warehouse - storage, fulfillment process, and management are automated with AI.
- Consolidated Warehouse - takes small shipments from different suppliers and groups them together into larger shipments before distributing them to buyers.
- 3PL Warehouse - A third-party logistics warehouse, or 3PL for short, is an outsourced business that takes care of a company's supply chain and logistics operations.
What is warehouse management system?
A warehouse management system (WMS) is a software solution that offers visibility into a business' entire inventory and manages supply chain fulfillment operations from the distribution center to the store shelf.
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