Warehousing or storage refers to the process of holding and conservation of goods till they are dispatched to the customers. There is a requirement for warehousing or storing the goods so as to make them accessible to buyers as and when required. Storage allows a company to carry out production in expectation of demand in prospect. By bridging this gap, storage produces time utility.
Warehouse is defined as the storage structure build for the defense of the quality and quantity of the stocked up produce. The requirement for a warehouse is felt when there is a time gap between the production of the product and the consumption of products.