What is Warehouse Ownership?
What is Warehouse Ownership?
Warehouse ownership can be defined or arranged based on different type of ownership. A private warehousing is operated and owned by the business organization that handle the merchandise and stored in the facility. A public warehousing is operated as an independent business offering a range of for-hire services, such as storage, handling, and transportation. Public warehouse operators generally offer a menu of relatively standardized services to customers. Contract warehousing is a customized extension of public warehousing that combines the benefits of private and public warehousing. It is a long-term business arrangement that provides unique or tailored logistics services for a limited number of customers. The client and the warehouse provider typically share the risks associated with the operation. The important differences between contract and public warehouse operators are the anticipated length of the relationship, degree of exclusive or customized services, and shared incorporation of benefits and risks.
Private Warehouse
A private warehouse, as a type of warehouse ownership classification, is operated by the firms or organization that owns the products stored in the facility. These firms or organizations may be factories, trading companies or wholesalers. The building of the warehouse can be owned or leased. The critical point for a firm to decide whether to own or lease the facility is the financial concern. Sometimes it is not possible to find a proper warehouse to lease that fits the specialized logistical requirements. Take an interlining supplier for example; the storage racks or other physical nature in a leased building may not be suitable for the storage for interlining products like woven interlining, non-woven interlining and fusible interlining. Under this circumstance, design and arrangement need to be taken place for construction. On the other hand, at a particular connection for logistic
Warehouse ownership can be defined or arranged based on different type of ownership. A private warehousing is operated and owned by the business organization that handle the merchandise and stored in the facility. A public warehousing is operated as an independent business offering a range of for-hire services, such as storage, handling, and transportation. Public warehouse operators generally offer a menu of relatively standardized services to customers. Contract warehousing is a customized extension of public warehousing that combines the benefits of private and public warehousing. It is a long-term business arrangement that provides unique or tailored logistics services for a limited number of customers. The client and the warehouse provider typically share the risks associated with the operation. The important differences between contract and public warehouse operators are the anticipated length of the relationship, degree of exclusive or customized services, and shared incorporation of benefits and risks.
Private Warehouse
A private warehouse, as a type of warehouse ownership classification, is operated by the firms or organization that owns the products stored in the facility. These firms or organizations may be factories, trading companies or wholesalers. The building of the warehouse can be owned or leased. The critical point for a firm to decide whether to own or lease the facility is the financial concern. Sometimes it is not possible to find a proper warehouse to lease that fits the specialized logistical requirements. Take an interlining supplier for example; the storage racks or other physical nature in a leased building may not be suitable for the storage for interlining products like woven interlining, non-woven interlining and fusible interlining. Under this circumstance, design and arrangement need to be taken place for construction. On the other hand, at a particular connection for logistic