Warehousing

Answer: Warehousing is the activity of storing goods scientifically in large quantities from the time of production until the time of consumption or sale.

A warehouse is a place where goods are stored safely. Warehousing creates time utility by bridging the gap between production and consumption. It also helps in price stabilisation, protection of goods from damage, financing against warehouse receipts, and grading, packing and processing of goods. Types include private, public, government, bonded, co-operative and cold storage warehouses.