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1、WarehousingmanagementPrivateWarehouseAprivatewarehouseisoperatedbythefirmowningtheproduct.Theactualfacility,however,maybeownedorleased.Oftenitisnotpossibletofindawarehouseforleasethatfitstheexactrequirementsofafirm.ThebenefitsofPrivateWarehouseThemajorbenefitsofpriv
2、atewarehousingincludecontrol,flexibility,cost,andotherintangiblebenefits.(1)Privatewarehousesprovidemorecontrolsincetheenterprisehasabsolutedecision-makingauthorityoverallactivitiesandprioritiesinthefacility.Drawbacksofprivatewarehouse(1)Whenmanagementperformanceisj
3、udgedaccordingtoreturnoninvestment(ROI),theuseofprivatewarehousingneedshighandsteadydemandvolumes(2)highfixedcostPublicWarehouseOnthebasisoftherangeofspecializedoperationsperformed,publicwarehousesareclassifiedas(1)generalmerchandisewarehouse,(2)refrigeratedwarehous
4、e,(3)specialcommoditywarehouse,(4)bondedwarehouse,and(5)householdgoodsandfurniturewarehouse.PublicWarehouse…GeneralmerchandisewarehouseisdesignedtohandIegeneralpackagecommoditiessuchaspaper,metalmaterial,andmechanicalandelectricalproducts.Refrigeratedwarehouse(eithe
5、rfrozenorchilled)handlesandmaintainsfood,medicalitems,andchemicalproductswithspecialtemperaturerequirements.Specialcommoditywarehouseisdesignedtohandlebulkmaterialoritemswithspecialhandlingconsiderations,suchastiresorclothing.PublicWarehouse…Bondedwarehouseislicense
6、dbythegovernmenttostoregoodspriortopaymentoftaxesorduties.Finally,ahouseholdgoodsorfurniturewarehouseisdesignedtohandleandstorelarge,bulkyitemssuchasappliancesandfurniture.ThebenefitsofPublicWarehouse(1)Fromafinancialperspective,publicwarehousingmayhavealowervariabl
7、ecostthancomparableprivatelyoperatedfacilities.(2)Whenmanagementperformanceisjudgedaccordingtoreturnoninvestment(ROI),theuseofpublicwarehousingcansubstantiallyincreaseenterprisereturn.(3)Publicwarehousingoffersflexibilityinthatitiseasytochangethelocation,size,andnum
8、beroffacilities,allowingafirmtoquicklyrespondtosupplier,customer,andseasonaldemands.ContractWarehouseContractwarehousingcombinesthebestcha
