Warehousing: Function, Benefits and Types of Warehousing! A warehouse may be distinct as a place used for the storage or buildup of goods. The function of storage can be carried out fruitful with the help of warehouses used for storing the properties. Warehousing can also be defined as postulation of responsibility for the storage of goods. By storing the goods in the year and releasing them as and when they are needed, warehousing creates time utility. Functions of Warehousing: 1. Storage: This is the elementary function of warehousing. Surplus commodities which are not requireddirectly can be stored in warehouses. They can be supplied as and when required by the clients. 2. Price Stabilization: Warehouses play avital role in the process of price maintenance. It is achieved by the creation of time usefulness by warehousing. Fall in the prices of goods when their source is in profusion and rise in their prices during the slack season are avoided. .
Warehousing or storage raises to the holding and preservation of goods until they are shipped to the clients. Usually, there is a time gap among the production and consumption of products. By bridging this gap, storage creates time utility.
There is need for storing the goods so as to make them accessible to consumers as and when essential. Some amount of goods is stored at every stage in the marketing procedure. Proper and adequate arrangements to trade the goods in perfect condition are vital for success in marketing. Storage allows a firm to carry on production in anticipation of demand in future.