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warehouse

 
Dictionary: ware·house   (wâr'hous') pronunciation
n.
  1. A place in which goods or merchandise are stored; a storehouse.
  2. A large, usually wholesale shop.
tr.v., -housed, -hous·ing, -hous·es. (also -houz')
  1. To place or store in a warehouse, especially in a bonded or government warehouse.
  2. To institutionalize (people) in usually deficient housing and in conditions in which medical, educational, psychiatric, and social services are below par or absent: "has felt forced to warehouse hundreds of children in temporary shelters" (Justine Wise Polier).
warehouser ware'hous'er (-hou'zər) n.

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Investment Dictionary: Warehousing
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1. A procedure whereby a company gradually builds up a holding of shares in a company it wishes to takeover in the future.

2. The process of storing goods within a storage facility.

Investopedia Says:
1. The acquiring company "warehouses" small lots of shares by holding them under the name of a nominee. Companies use the warehousing technique of share acquisition when they wish to remain anonymous or are unable to make a public tender offer.

Related Links:
Do you want your company to sandbag or greenmail? Welcome to the dramatic world of mergers and acquisitions. The Wacky World of M&As


Banking Dictionary: Warehousing
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1. Holding of mortgages by a Mortgage Banker on a short-term basis until the loans are sold to an investor. The mortgage originator finances the inventory of unsold loans with a short-term line of credit, using the mortgages as loan collateral. This form of financing commonly is used by mortgage bankers to raise working capital funds until mortgages held in inventory are sold to a permanent investor, the Take-Out Lender.

2. Temporary storage of transactions by an Automated Clearinghouse (Ach) or a financial institution, as for corporate customers. ACH associations may hold transactions for financial institutions up to 31 days prior to the Value Date when funds actually are moved.

3. Pledging a Mortgage as collateral for short-term loans, usually called a hypothecated mortgage.

4. Interest carryover in an Adjustable Rate Mortgage subject to a periodic rate cap. When a rise in borrowing costs exceeds the interest rate cap, lenders may defer interest payable to future time periods if allowed by the mortgage contract.

Thesaurus: warehouse
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noun

    A place where something is deposited for safekeeping: archive, depository, magazine, repository, store, storehouse. See keep/release.

Architecture: warehouse
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A building designed for the storage of various goods.


Word Tutor: warehouse
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pronunciation

IN BRIEF: n. - A storehouse for goods and merchandise

pronunciation They had to get what I wanted from the warehouse, so I had to wait for it.

Dream Symbol: Warehouse
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Dreaming about a warehouse might be about past memories or something else in the past. Alternatively, perhaps we have put something in storage, such as artistic ambitions, in order to pursue something else.


Wikipedia: Warehouse
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Old warehouses in Amsterdam, the Netherlands
Inside Green Logistics Co., Kotka, Finland. The image shows goods loaded on pallets to the left of the aisle, and stacked pallets with no loads to the right of the aisle.

A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns. They usually have loading docks to load and unload goods from trucks. Sometimes warehouses load and unload goods directly from railways, airports, or seaports. They often have cranes and forklifts for moving goods, which are usually placed on ISO standard pallets loaded into pallet racks.

Contents

Nature of goods stored

Stored goods can include any raw materials, components, or finished goods associated with agriculture, manufacturing, or commerce.

Types of warehouse storage systems

19th century warehouses in Gloucester docks in the United Kingdom, originally used to store imported corn
So-called Sust, a Middle Ages type of warehouse, in Horgen, Switzerland

Some of the most common warehouse storage systems are:

  • Pallet rack including selective, drive-in, drive-thru, double-deep, pushback, and gravity flow
  • Mezzanine including structural, roll formed, rack supported, and shelf supported
  • Cantilever Rack including structural and roll formed
  • Industrial Shelving including metal, steel, wire, and catwalk
  • Automated Storage and Retrieval System (ASRS) including vertical carousels, vertical lift modules, horizontal carousels, robotics, mini loads, and compact 3D

Processes and IT

Major warehousing processes include:

  • Receiving
  • Put away
  • Order preparation / picking
  • Shipping
  • Inventory management (cycle counting, addressing...)

Warehouses frequently provide services, such as:

  • Co-packing
  • Kitting

Material direction and tracking in a warehouse can be coordinated by a Warehouse Management System (WMS), a database driven computer program. Logistics personnel use the WMS to improve warehouse efficiency by directing putaways and to maintain accurate inventory by recording warehouse transactions.

Automation and optimization

Automatic storage warehouse for small parts

Some warehouses are completely automated, and require no workers inside. Pallets and product move on a system of automated conveyors and automated storage and retrieval machines coordinated by programmable logic controllers and computers running logistics automation software. These systems are often installed in refrigerated warehouses where temperatures are kept very cold to keep product from spoiling, and also where land is expensive, as automated storage systems can use vertical space efficiently. These high-bay storage areas are often more than 10 meters (33 feet) high, with some over 20 meters (65 feet) high.

For a warehouse to function efficiently, the facility must be properly slotted. Slotting addresses which storage medium a product is picked from (pallet rack or carton flow), and how they are picked (pick-to-light, pick-to-voice, or pick-to-paper). With a proper slotting plan, a warehouse can improve its inventory rotation requirements—such as first in, first out (FIFO) and last in, first out (LIFO)—control labor costs and increase productivity. (1)

Modern trends

Aisle with pallets on storage racks

Traditional warehousing has declined since the last decades of the 20th century, with the gradual introduction of Just In Time (JIT) techniques. The JIT system promotes product delivery directly from suppliers to consumer without the use of warehouses. However, with the gradual implementation of offshore outsourcing and offshoring in about the same time period, the distance between the manufacturer and the retailer (or the parts manufacturer and the industrial plant) grew considerably in many domains, necessitating at least one warehouse per country or per region in any typical supply chain for a given range of products.

Recent retailing trends have led to the development of warehouse-style retail stores. These high-ceiling buildings display retail goods on tall, heavy duty industrial racks rather than conventional retail shelving. Typically, items ready for sale are on the bottom of the racks, and crated or palletized inventory is in the upper rack. Essentially, the same building serves as both warehouse and retail store.

Large exporters/manufacturers use warehouses as distribution points for developing retail outlets in a particular region or country. This concept reduces end cost to the consumer and enhances the production sale ratio.

Internet impact

19th century warehouse in Frankfort, Kentucky, United States used to age bourbon whiskey casks, seen closely through the warehouse windows

The internet has had an influence on warehouses. Internet-based stores do not require physical retail space, but still require warehouses to store goods. This kind of warehouse fills many small orders directly from end customers rather than fewer orders of many items from stores.

Having a large and complex supply chain containing many warehouse can be costly. It may be beneficial for a company to have one large warehouse per continent, typically located centrally to transportation. At these continental hubs, goods may be customized for different countries. For example, goods get a price ticket in the language of the destination country. Small, in-warehouse adjustments to goods are called value added services.

See also

References


Translations: Warehouse
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Dansk (Danish)
n. - varehus, magasin, lager, pakhus, opbevaringssted
v. tr. - opmagasinere, oplægge

idioms:

  • warehouse club    supermarked for medlemmer

Nederlands (Dutch)
magazijn, depot, loods, opslagplaats, pakhuis, warenhuis, opslaan

Français (French)
n. - entrepôt
v. tr. - entreposer

idioms:

  • warehouse club    centre/zone d'entrepôts

Deutsch (German)
n. - Lager, Lagerhaus, Großmarkt
v. - (ein)lagern

idioms:

  • warehouse club    Großmarkt mit Mitgliedsrabatt

Ελληνική (Greek)
n. - αποθήκη (εμπορευμάτων)
v. - αποθηκεύω

idioms:

  • warehouse club    αποθήκη για μέλη λέσχης

Italiano (Italian)
magazzino

idioms:

  • warehouse club    ritrovo in capannone

Português (Portuguese)
n. - armazém (m)
v. - armazenar

idioms:

  • bonded warehouse    bens que ficam armazenados até que as taxas devidas sejam pagas
  • warehouse club    loja (f) de descontos para assinantes

Русский (Russian)
склад, оптовый магазин, большой розничный магазин, хранить на складе, сдавать на хранение

idioms:

  • bonded warehouse    приписной таможенный склад
  • warehouse club    магазин товаров по сниженным ценам для имеющих годовой абонемент

Español (Spanish)
n. - almacén, depósito, bodega
v. tr. - almacenar

idioms:

  • warehouse club    club de clientes de un almacén que ofrece mercancías a precios reducidos

Svenska (Swedish)
n. - magasin
v. - magasinera

中文(简体)(Chinese (Simplified))
仓库, 大商店, 货栈, 储入仓库

idioms:

  • warehouse club    批发店, 大型零售商店

中文(繁體)(Chinese (Traditional))
n. - 倉庫, 大商店, 貨棧
v. tr. - 儲入倉庫

idioms:

  • warehouse club    批發店, 大型零售商店

한국어 (Korean)
n. - 창고, 도매 상점, 인간 창고(정신병자, 노인, 빈민 등을 가둬 두는 대형 공공 시설)
v. tr. - 창고에 넣다, 보세 창고에 맡기다, 인간 창고에 쓸어 넣다

日本語 (Japanese)
n. - 倉庫, 卸し売り店
v. - 倉庫に入れる, 保税倉庫に預ける

idioms:

  • warehouse club    会員制の卸売り店, プライスクラブ

العربيه (Arabic)
‏(الاسم) مستودع, مخزن (فعل) استودع السلع, خزن‏

עברית (Hebrew)
n. - ‮מחסן, מחסן-סחורות‬
v. tr. - ‮אחסן סחורות באופן זמני, הכניס אדם לבית-סוהר או בית חולים ושכח על קיומו‬


 
 

 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more
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Dream Symbol. The Dreams Encyclopedia. 1995 ©Visible Ink Press. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Warehouse" Read more
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