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Finance Dictionary

Warehouse

Definition

A physical building for storing goods is a warehouse. Warehousing is the action of stockpiling goods due to be further sold/ distributed later It is extensively used by a lot of business parties- producers, importers, wholesalers, exporters, transporters and custom group. Both raw materials and finished goods can be stored at a warehouse, depending on the purpose of the party. There are various types of warehouses-

What is warehousing?
  • Private warehouses
  • Public warehouses
  • Bonded storage
  • Co-operative warehouses
  • Distribution centres

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