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How Do Warehousing Companies In India Help Businesses?
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Warehousing accounts for 25% of total logistics costs in India. Overall, logistics itself accounts of anything from 13% to 17% of the country’s GDP (according to latest report). This means that logistics and warehousing play a very big role in the success of the country and eventually businesses. Warehousing is important to any business that manufactures or sells products.
Explore the key benefits of availing services of Warehousing Companies In India in this guide.
1. Financial Benefits
Central warehousing companies in Delhi NCR allow you to consolidate operations, preventing individual shipments of items. The cost of transportation is shared between different parties who have to ship goods from the location to the same destination.
Warehousing also helps in increasing profits by enabling goods accumulation. There will be products which are in great demand at certain times of the year. The right type of warehousing services can create the environment required to store such goods all year round.
There is another perspective from which accumulation can benefit your business. You can store raw materials in warehouses to support your mass production operations. You can store goods for long-term to shield your business from raw material price fluctuations in the market. Your manufacturing costs will not get affected, no matter how the raw material costs get affected by market conditions.
2. Increased Goods Safety
Safety of your goods is another reason you will want to seek the services of warehousing companies in Bangalore. The different ways in which warehouses can provide safety for your items include the following:
•You can store perishable goods in cold storage
•Protect your goods from accidental fire or theft
•Typically, a reputed warehouse will also insure your goods
If there is any damage to the goods, you can claim
Every time you have to meet deadlines for delivering the
finished products, you can remain assured about timely
delivery by maintaining stocks. For example, you can
maintain stocks and in case of any emergency, you will still
be able to make the shipment.
3. Raise Funds
Another advantage of maintaining your stocks in warehouses is that you can raise funds against the goods. Lenders can give you business loans against the warehouse receipts. Whether it is about expanding your business or purchasing new equipment, you can use your stocks as collateral.
Certain jurisdictions also allow you to pay your customs duty in installments if your import items are stored in a bonded warehouse. Thus, the benefits of Warehousing companies in Kolkata go beyond that of just keeping your items safe.
4. Store Surplus Goods
In their most basic forms, warehouses work as the places for storing goods. You can thus also use them for storing your surplus goods that may not be required immediately. For example, many companies produce goods anticipating that their demands will increase at certain times of the year or in the future. You can store away goods which are not required currently, ensuring that they are safe and don't deteriorate in a non-controlled environment.
Thus, there are many ways in which Warehousing Companies In India can benefit different types of businesses. In fact, their services can be used by the same company with different goals. Many warehouses also provide the services of product identification, sorting, and dispatch. Your goods are under 24/7 CCTV monitoring which includes manned security. Besides, you can ask for controlled environment depending on the type of goods you have. Warehousing helps save your valuable time, resources, and space. It plays an important role in running not just a business but the entire country.
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