Describe that out of three types of warehouses, what type of warehouse you Will prefer to manage and why?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter14: Marketing Channels And Supply Chain Management
Section: Chapter Questions
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Describe that out of three types of warehouses, what type of warehouse you

Will prefer to manage and why?

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The warehouse is a storage facility that is equipped with requirements deemed fit to the products stored. The requirement of storage of goods does not end with finding a space. The company looks for a kind of storage space that will also participate in a satisfactory process. We need to focus on various factors before choosing a warehouse as the right kind of fulfillment satisfies the customer or client in the end. Therefore, we need to make this decision while bearing in mind our business. 

Here, we will discuss the kind of warehouses useful in today's world. In addition to this, there are also three types of warehouse management systems that help in running business rapidly. 

Private and Public warehouses: Private Warehouses are facilities owned by the company itself to store their own goods. These facilities employed huge costs have direct demand, investment for maintenance, and high building cost. They are mostly built within the site for swift movement of goods. Whereas, Public warehouses are useful when a company needs to store goods for a short time. This is cost-effective as there is no need to make a huge investment as a rented space will do as well as the private one does. 

Distribution warehouses are an optimal choice for a large scale business to store the mass production of goods for trading purposes. This facility is used to store goods for a short period as the goods are swiftly transported to the respective party. This warehouse is mostly centralized for better supply chain management that saves time and effort by each individual employed through the facility. 

The automated warehouse is in demand these days, as most of the companies need a real-time update of the processing activity which makes it highly efficient and fast. There are tracking systems installed, automatic equipment for moving goods, and arranging them in order. This type of warehouse doesn’t attract human error and also makes the process more efficient. 

The fulfillment center is a facility where not only goods are shipped but also picked, processed, and packed. It is a third party warehouse useful for eCommerce companies, drop shipping businesses, etc. 

Types of Warehouse management systems are Standalone, Supply chain modules, and Integrated with ERP. The standalone WMS is the basic system of the warehouse that includes a storage place with the minimum technical facility. There are many limitations while using this kind of system. Supply chain modules are efficient as it keeps track from suppliers to consumers, everything is processed carefully with prompt actions. The integrated ERP WMS is a software solution that integrates every aspect of the organization needed in warehousing functioning. There is a common interface in this WMS which brings together all the processes in one place. 
 

 

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ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing