Storage Equipment
Storage equipments are equipments used for holding materials over a period of time. Some storage equipments may include the move of materials. If materials are stacked directly on the floor, then no storage equipment is needed. Example: racks
The most common reason to store a product allows the other elements of production to operate more efficiently on a per-unit basis because the fixed costs associated with utilizing the element can be spread over more products; e.g., storing up to a truckload of product in a facility reduces the per-unit costs of shipping; and storage of Work-In-Progress makes possible the batch production which reduces the per-unit setup costs.
Other prospective reasons for storage include: time bridging which allows product to be available when it is required (e.g., storing spare machine parts at the facility); processing—for some products (e.g., wine), storage can be considered as a processing operation because the product undergoes a required transformation during storage; and securing—e.g., nuclear waste storage.
The most common reason to store a product allows the other elements of production to operate more efficiently on a per-unit basis because the fixed costs associated with utilizing the element can be spread over more products; e.g., storing up to a truckload of product in a facility reduces the per-unit costs of shipping; and storage of Work-In-Progress makes possible the batch production which reduces the per-unit setup costs.
Other prospective reasons for storage include: time bridging which allows product to be available when it is required (e.g., storing spare machine parts at the facility); processing—for some products (e.g., wine), storage can be considered as a processing operation because the product undergoes a required transformation during storage; and securing—e.g., nuclear waste storage.
There are 14 major types of storage equipment as follows:
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