During the full lifecycle of a product, it is likely to spend some time in a warehouse. After production, before it begins its journey to the consumer, or at a staging location for restocking and order fulfillment, warehouses play a pivotal role in supply chain management.
Each day, consumer goods companies all over the world perform warehousing and storage.
Many employ the service of a 3PL partner, while others maintain their stock in-house. Storage spaces can take a lot of different shapes and sizes. Warehousing might look very different from company to company. But the main functions of warehousing and storage are standard across all verticals.
Maintaining inventory and providing safekeeping for a product before it enters the purchaser’s hands is the main goal. Here are a few of the key features of quality warehousing and storage and the benefits of each for companies of all kinds.