Warehousing

Answer: Warehousing is the activity of storing goods in a safe and scientific way in a warehouse from the time they are produced till they are sold or used.

A warehouse is a place used for storing goods. Goods are usually produced in anticipation of demand and consumed throughout the year, so they must be stored. Warehousing protects goods from damage, theft and deterioration, helps to keep prices stable, creates time utility, and also offers services like grading, packing and loans against warehouse receipts. Types include private, public, government, bonded and co-operative warehouses.