TYPES OF WAREHOUSE

TYPES OF WAREHOUSE

In order to meet their requirement various types of warehouse came into existence which may be classified as follows.

1. PRIVATE WAREHOUSE: The warehouse which are owned and managed by the manufacturers or traders to store, exclusively their own stock of goods are known as private warehouses. Generally these warehouses are constructed by the farmers near their fields, by wholesalers and retailers near their business centres and by manufacturers near their factories. The design and the facilities provided therein are according to the nature of product to be stored.

2. PUBLIC WAREHOUSE: The warehouse which are run to store goods of the general public are known as public warehouses. Any one can store his goods in these warehouses on payment of cents. An individual, a partnership firm or a company may own these warehouses. To start such warehouses a license from the government is required. The government also regulate the functions and operations of these warehouses. Mostly those warehouses are used by manufacturers, wholesalers, exporters, importers, government agencies etc.

3. GOVERNMENT WAREHOUSE: These warehouses are owned, managed and controlled by central or state governments or public corporations or local authorities. Both government and private enterprises may use these warehouses to store their goods. Central warehousing corporation of India, state warehousing corporation and food corporation of India are examples of agencies maintaining government warehouses.

4. BONDED WAREHOUSES: These warehouses are owned, managed and controlled by government as well as private agencies. Private bonded warehouses have to obtain license from the government. Bonded warehouses are used to store imported goods for which import duty is yet to be paid. In case of imported goods the importer are not allowed to take away the goods from the ports till such duty is paid. These warehouses are generally owned by dock authorities and found near the port.

5. CO-OPERATION WAREHOUSES: These warehouse owned, managed and controlled by co-operative societies. They provide warehousing facilities at the most economical rates to the members of their society.