As obvious as it may sound, stock keeping, and inventory management are a key to maintain balance between the demand and supply in the market for successful business operations. Given this being a fundamental step of the business, it is fairly important that you choose storage and warehouse facility that best fit your business needs.
What Should You Consider When Choosing A Warehouse?
Most common aspects that businesses consider are the cost of the warehouses and the storage space that they can offer. While there is no denying that these are indeed one of the primary factors to consider while choosing a warehouse premises for your business, we have listed down some more factors that you should be considering while evaluating a warehouse and its services for your business.
Top Tips That Would Help You In Warehouse Selection
Warehouse layout can contribute remarkably to your daily overheads. It is important to evaluate whether the warehouse layout suits your operation styles and your needs. Day-to-day operational costs can be optimized through efficient designs that make operations effortless and quick.
Size of the Warehouse:
Does the warehouse offer adequate storage space? Is it just enough to accommodate your current storage requirement? Is it a shared warehouse space? Is it way too large or way too small? These are some of the questions that you need to check off your list. While evaluating the size, it is important that you consider your future business potential and the potential additional storage that you might require.
Where are your products going to go next from the warehouse? Are they going to be distributed in the local market, are they going to be forwarded to another location? Are you going to be receiving stocks frequently? These and many more such questions would help you determine a good warehouse location and lower your costs.
Location is closely knit with the logistical integration. It is vital to think a step ahead here. Are your goods going to be forwarded to another location? Consider proximity to important ports, land routes, air connectivity while evaluating. Consider ease of accessibility to trucks, multi modal logistical integration.
Cost of the warehouse:
Cost will be one of the defining factors while zeroing in on a warehouse premises. Estimate the operational, distribution and forwarding costs, and other service costs that require to be undertaken based on proximity to your clients, to the market and to gateway to other markets. Good financial planning will help in exacting the warehouse cost as there are many tiny factors that may be overlooked in the initial stage.
Safety, security & Insurance:
While trusting a warehouse provider for your goods, it is important a security audit is undertaken by you to ensure the warehouse’s safety and security measures align with yours.
While security is an important factor, it is important to have a proper insurance policy in place for your goods. It is likely that the warehouses provider has a policy in place, but an understanding of the terms is a must.
Shifting from one warehouse to the other is a labour intensive, time consuming and a costly affair – it is important you consider several factors before choosing a warehouse for your goods that not only serves your current need but is capable to take care of your future growth needs too.
Talk to us for further discussion and tips for choosing an apt warehouse for your business. ProConnect, not only offers warehouse space but also offers custom solutions to suit your business needs. We have skilled ground staff, an integrated Warehouse Management System (WMS), 130,000+ storage space, packing, bundling, de-bundling, tracking and other services to aid your business operations.