Free trade and warehousing zones offer myriad benefits

One of the prerequisites of providing total integrated logistics solutions is well equipped warehousing. The necessity to store perishable goods generates a need for convenient and ample warehousing.

The management of warehouses is crucial for manufactured goods and equipment and other products and commodities to reach their markets efficiently. Warehouse management is basically a system to control movement and storage of materials intra and inter warehouse.

Modernization

Over the years and with extensive modernized techniques of logistics solutions, the evolution of quality warehouse management systems (WMS) has gained momentum. The role of WMS is expanding to include light manufacturing, transportation management, order management, and complete accounting systems. Any department that deals with warehouses should be able to access information related to them. Even though WMS continues to gain added functionality, the core purpose has not really changed. The primary purpose of WMS is to control the movement and storage of materials and process associated transactions, including directed picking and replenishment.

Shardul Thacker is a partner with Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.