My business needs to make a decision first on whether to lease or purchase a warehouse, then a decision needs to be made on choosing the right location to serve its customer base and compete in the marketplace.

I must do the following:

• Discuss the factors that will influence the decision to lease versus purchase a warehouse.
• What strategy must a company take to decide upon the ideal warehouse location for optimizing business results?
• How does warehouse site selection impact the design of a company's supply chain? Provide a real-world example to support your analysis.