Warehousing and Inventory Management Essay Example | Topics and Well Written Essays - 2000 words

Warehousing and Inventory Management - Essay Example Raw materials, components, and finished goods are among the most common material one can find in a ware house. The history of warehousing can be traced back in the form of granaries that were supposed to store food. As the world came to know about sea routes and trading through sea routes that was the time warehouses found its first form. Port was the centre of warehouses followed by rail road stations. Among the very first organization was American Warehousemens Association, 1891, that was established to manage the warehouses and protect the rights of the one who give to store from rail road companies control over freight depots. War World true was the time when warehousing was groomed and new techniques and methods were implemented from efficiencies and design was modified as well for effectiveness. In the late twentieth century, warehouses was supposed to lose its importance among the industries because of many technological improvements, the IT hype and methods like Just In Time inventory system that don’t have essential place for the warehouses. But in21st century they are coming back with more than just storage facility. Warehouses are supposed to be 3rd party logistics in now days. 1. To store the seasonal products especially the agriculture commodities those are seasonal and were not available throughout the year. This was the need to have a proper storage in order to maintain and preserve the excess to use throughout the year. Management and monitoring of materials in warehouses can be done through software that came under the head of Warehouse Management System. (WMS) Today, there are warehouses that care completely automated and optimized in terms of effectiveness and efficiencies. There are automated warehouses without any labour and shift goods from a point to another through automated mobile shelves. In the fast pace world of today, the power of automation is hard to