We Store important function of any business and it is an inseparable element of trade. It involves keeping a quantity of goods for use when required. The proper and effective arrangement of retaining the goods in a condition free from risks or spoilage so that these are available at the time of need to the consumers. The stocking or holding of stock is done to equalize demand and supply. Storage bridges the time gap between production and consumption. Thus holding stock between the time of production and final consumption is termed as storage. Storage provides a depth to the market by preserving goods.
Storage of goods is facilitated by a network of warehouse specially built for this purpose. It renders a great deal of services to the producers and middlemen because warehousing is concerned with the assumption of risks and responsibility for storage of goods. A warehouse denotes an establishment for storage and accumulation of goods. Thus a warehouse is an arrangement by which goods are stored when they are not immediately needed and are kept in such a manner that they are protected from deterioration.
Storage plays vital role because it creates both time and place utility for the products.
It is helpful in stabilizing prices and performs finance functions by providing finance.
CLIENTS THAT TRUST