The place where our goods are kept is called ‘warehouse’. The person in-charge of warehouse is called ‘warehouse-keeper’. Warehousing refers to the activities involving storage of goods on a large-scale in a systematic and orderly manner and making them available conveniently when needed. In other words, warehousing means holding or preserving goods in huge quantities from the time of their purchase or production till their actual use or sale. Warehousing is one of the important auxiliaries to trade. It creates time utility by bridging the time gap between production and consumption of goods.
Warehouses perform the following functions-
i. Storage of goods
ii. Protection of goods
iii. Risk bearing
vi. Grading and branding