market

Warehousing is a convenient place where goods are kept. It protects the products from dust, water, insects and sun. It creates the place and time utility. It also helps to maintain the stock so that there is no chances to be shortaged of products in the market. It means, it helps to regular flow of goods in the target market. As a result, there is no price fluctuation in the market. It also helps to take teh credit from the financial institutions. It accepts the risk and transfer to the insurance companies. Hence, it plays a vitakl role in marketing function. So respected office should take the correct decision on how to use, how much or what number of products should be kept on it.

Types of warehouses

The types of warehouses can be classified into the following categories.

1. Private warehouses: Those warehouse which are established and owned by private and large business for the private use is known as private warehouse. These type of warehouses are mainly established and owned by manufacturers to store their products until they are sold in the market. They are constructed near the factory building or near the market.

Private warehouses are mainly convenient to the owners. They are designed to meet the specific requirements of products storage and handling the needs of the company an organization. At present, the importance of such warehouse is decreasing because there are inadequate physical facilities more than other type of warehouse comparatively.

2. Co-operative warehouses: Those warehouse which are established and managed by co-operative societies are known as co-operative warehouses. The ownership of these warehouses are on the hands of few primary co-operative societies. Mainly those who can not invest the capital single to establish co-operative, they contribute equal capital and establish the co-operative warehouse. Services of such warehouse are first available to its members then to other people. Such warehouses are mainly established by the petty producers or farmers to store their products.

3. Public warehouses: Public warehouses are owned and managed by individuals, firms, companies or even public bodies like municipalities or government to store the products of general public. Licence should be taken from the government and should adopt the government rules and regulations to establish and operate teh public warehouses. They are run on commercial basis, so they are also known as commercial warehouses which offer specialized service to all the interested parties such as producers, traders, merchants even general public etc. against nominal charges.

4. Bonded warehouses: Bonded warehouses are those warehouses which are licensed by the government to accept imported goods for storage before custom duties are paid by the importers. These are mainly situated near the ports which are established by the government under the close supervision of custom authorities. Such warehouses plays significant role to promote international trade.

The importers have to enter into a bond with the custom officers, along with sureties, assuring the payment of duty before removing the goods from the bonded warehouses, which are known as 'bonded warehouses'. The goods in which custom duty is not paid, they are kept in the bonded warehouses, are known as goods in bond.

5. General Merchandise warehouse: The warehouse which provides the facility to store all kinds goods is known as general merchandise warehouse. Such types of warehouses are the most common type of warehouses. This is just a place to store for manufactured, semi- manufactured and new materials until they are required by producers, distributors, retailers, customers etc. It is a simple warehouse and does not provide any additional benefits to the product.

6. Speciality commodity warehouse: Speciality warehouse is constructed to store the certain goods which requires special treatment. It gives storage facility only for a particular products. Chemicals, fertilizers, petroleum products coffee, tobacco, cotton, wool etc. needs special warehouses with special facilities. The purpose of this warehouse is to keep the products of intrinsic value in original form.

7. Refrigerated warehouse: Refrigerated warehouse is established to store the perishable products such as fish, fruits, vegetables, dairy products etc. So that it is also known as cold store wares. It provides longer life to perishable products and maintains the intrinsic value of goods. These goods are available throughout the year dut to the establishment f cold storage houses. It also helps to maintain the reasonable price in the market. Generally, such type of warehouse is established at the consuming centre.