The first question when choosing a warehouse is not price but documentation. Leaving goods at a place whose licence, type and code cannot be verified adds administrative risk to commercial risk.
The ten questions below let you gauge an operator's seriousness in half an hour.
Documents and status
- 1. Do you hold a warehouse opening and operating licence — may I see it?
- 2. What is your warehouse type and code?
- 3. Which customs directorate are you affiliated with?
- 4. What are the limit and scope of your all-risk insurance policy?
- 5. Do you have a fire safety report?
Operations
- 6. How do you keep stock records — can I see them online?
- 7. How often is stock counted, and is a report issued?
- 8. How do you share the balance reconciliation on partial withdrawals?
- 9. Do you carry out handling operations with your own team?
- 10. Will you give the price itemised?
How to judge the answers
If the first five are not answered by producing documents, end the meeting there. These are official papers that ought to exist already.
For the last five, the "how" is what matters. Look for "we keep them in this way and share them at this frequency", not simply "we keep them".
And see the place for yourself
If the documents are in order, ask to see the facility in person. The stacking layout, the aisle widths, the state of the floor and the general order say a great deal that does not show on paper.
You also learn something about an operator who is reluctant about a visit.
