Large organizations and manufacturers, particularly brick and mortar companies supply large amount of items and products to whole sale dealers and retail stores. For the seamless supply of these products and in order to efficiently track sale, purchase, import, export and check-in and check-out of the products, these products need to be stored at a central storage place. Such a storage place is called warehouse in business terms. In this regard, a term utility warehousing has originated in recent years because these warehouses are just like utility stores for large organizations and these organizations take several advantages by the storing goods in these warehouses.
Warehouses are just not limited to business and industry but every walk of life. The concept of utility warehouse has evolved from their usage as a utility store in all domains. Consider the example of a hospital where constant supply of medicine and surgical equipment is required. It will not be a good idea to purchase products on daily basis from dealers. Therefore, hospitals maintain utility warehouses where they store medicines or equipment in sufficient quantity to meet the requirements of next six months. Same is the case with large retail stores which have maintained their own utility warehouse in order to store products and household items to ensure uninterrupted supplies.
The concept of utility warehouse has gained worldwide acknowledgement. In New Zealand, several large organizations have set up numerous warehouses in several cities in order to promptly meet the demands of the customers. Utility warehousing has two benefits, one is the uninterrupted supply of items and second is the statistical information which can be obtained by careful analysis of products being sold and purchased through these warehouses. This statistical data can help organization in organizational level decision making. In short, utility warehouses have changed the way traditional business is done through its myriad of benefits.
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