A warehouse storage system is a software program that is an essential part of material handling, logistics, and supply chain management processes. The Storage system is a specified system that is solely deployed for dealing with warehouse needs regarding the storage of inventory and stock coming from the manufacturing site and going out for the shipment.?
A warehouse storage system collaborates along with other systems like WMS and WCS to enhance the overall productivity and efficacy of the product development life cycle.
Apart from other systems software deployed in the material handling process, the warehouse storage system primarily focuses on the shipment process and facilitates a business to fulfill their shipment needs.
Warehouse Storage System Influence on Shipment
The biggest flex of a warehouse storage system is that it plays a vital role in optimizing the dispatch and shipment of goods. With the help of warehouse storage system software, the warehouse managers are always aware of the capacity of their warehouse and they manage the inventory accordingly. With the data analysis power of the warehouse storage system the company is never out of stock in the storage and that stock is never late for the shipment process as well.
Shipment of goods and products is one of the most crucial phases of the product development life cycle and it needs to well entertain to make the whole purpose successful. Late delivery and shortage of inventory are two common constraints that almost all kinds of businesses do face a lot. To optimize the shipment that dispatch to the market is never late and the warehouse never runs out of stock, the warehouse storage system is used to cater to all these issues and provide optimized solutions.
Types of Warehouses
- Public Warehouse
A public Warehouse as its name suggests is a type of warehouse that is owned by a large corporation, by a group of people, and sometimes by the government too. In this type of warehouse, small portions are allotted to various kinds of businesses operating separately. Most of the small to mid-sized companies use the public warehouses to keep their inventory for storage after manufacturing before shipment. They usually pay the rent of the small portions allotted to them in which they store their stock.
- Private Warehouse
A private Warehouse on the contrary is owned by a single large-scale corporation that is usually referred to as a giant in the market. It is only used by the company that owns it to maintain its privacy and security. Other than security and privacy, such big companies want to have a separate space where they can accommodate all their inventory and stock as their inventory is huge in number as compared to the small scale and mid-sized companies.
Having a private warehouse minimizes the risk of any damage or loss of inventory enhancing the overall sense of security and privacy both.
- Bonded Warehouse
Bonded Warehouse is a type of warehouse that is owned by the customs department of every country. The inventory stock and goods that are meant to be imported or exported overseas are stored inside the bonded warehouse before clearing the customs process and paying the customs duty. The shipment to goods coming in a country is first stored in the bonded warehouse at the docks or anywhere else and afterward by clearing from customs and paying the duty that good is moved to the other warehouses owned by the company. The same process is for the goods that need to be exported out, they are first stored in bonded warehouses and afterward, they are released for shipment after paying the fees.
