3 Differences Between Public, Private, and Bonded Warehouse Services
When it comes to warehousing your goods for your business, it is important to know the difference between the types of warehouses that you might need. Private, public, and bonded warehouses are great things, and each has its benefits and drawbacks.
What is a Private Warehouse and Warehousing Service?
When it comes to private warehousing, these warehouses are owned by a company rather than rented. This means that the warehouse is owned by a company, generally, one that then rents the warehouse out for use. A private warehouse service is going to cost more than you might pay for a public warehouse.
There are some benefits, however, with a private warehouse you are going to have more control over your inventory, you are going to have more flexibility, you are going to have greater security, and you are also going to have reduced shipping costs. With private warehousing, you are going to be able to store more specialty items as well and you are going to have as much control over your items and inventory as you want.
What is a Public Warehouse and Warehousing Service?
Public warehouses are warehouses that allow businesses to rent out parts of the warehouse for their use. This is a great way to make the most of your space and take control of your inventory. With a public warehouse, anyone can rent space. This means that it is not going to be limited to any one type of product or any one type of company.
With public warehouses, you are going to be able to store just about anything that you want. You are also going to be able to make short-term commitments. You can rent for a few months, a year, or a few years, there is no real leasing agreement that states that you have to rent for a specific amount of time. Another consideration, however, is that you are going to be competing with other people for the space, this means the price may be a bit higher and that you are going to have to ensure that you get your space.
What is a Bonded Warehouse?
A bonded warehouse is a warehouse that is used to store goods that have been imported and that are customs controlled. These items will stay in the warehouse until the customs duty is paid and will not be released otherwise. These warehouses are often used to store inventory that was purchased overseas and that is going to be sold here.
So, what type of warehouse do you need? It does depend on what you are storing and how much control you want to have over your inventory. In some cases, it is easier to use a public warehouse for a short period than it is to get a private warehouse and lease for a longer period.
Our warehouse fulfillment services are a fantastic option that can help you find the warehousing solution that works for you. If you want a warehouse that offers product kitting and other options, East Coast Warehouse & Fulfillment Center is the right choice for you.