4 Tips for Choosing a Storage Warehouse

Choosing the right storage warehouse for your business will come down to three things: budget, location, and availability. However, there is another aspect that many companies forget to consider. That aspect is add-on services. While you might think you just need a place to store inventory, there are many things that can help boost efficiency. By partnering with a warehouse that offers value-added services, your company will enjoy added flexibility and increased productivity. Here are four tips to guide you in selecting a storage warehouse that meets your needs.

4 Tips for Choosing a Storage Warehouse

Tip #1: Discuss Your Company’s Needs

On the surface, every warehouse is able to provide the same thing: storage. If you literally just need a place to store product, any warehouse might do. The fact is, though, you’re a business. That means you need to be moving inventory constantly. Your warehouse needs to help you achieve that goal.

Inventory management and distribution services are two valuable things to look for in your warehouse. These services will help you move inventory more efficiently. Comparing the availability and cost of these services is a must when choosing between multiple warehouses. Look for one with a proven track record for consistently delivering these services to clients.

Tip #2: Look At The Location

No matter how good a warehouse is, its location is something you can’t change. Strategically locating your warehouses is a smart business move. Therefore, you need to consider how close a warehouse is to your nearest production facility. If location is not thought through, it will cost your business big time.

Every time a pallet gets shipped in or goes out, the warehouse’s location will impact how much you pay. In turn, that will impact your profits. Always carefully analyze the location of any warehouse you are considering. Choose a central location that makes sense for your business.

Tip #3: Consider Affordability

As with everything in the world of business, you have a budget when it comes to warehouse services. This budget is likely to change overtime as your storage needs grow. However, you need to know what you can afford today. This will enable you to get started with a warehouse that meets your current business needs.

Tip #4: Consider Scalability

Many companies over-estimate just how much space they need when selecting a warehouse. Ideally, your company should enter into a warehouse agreement with just enough space reserved for you. You should not have to pay for a lot of excess space up-front.

If you anticipate growth in your company, the warehouse you choose should have the willingness and capacity to scale with you. Discuss how the costs will change as your company’s needs increase. This will protect you from surprise fees down the road as your company requests more warehouse space.

Partnering with the right warehouse is a key business move. Warehouses Plus can provide your company with the resources and services you need to grow. Learn more here.

Hold Onto Your Seasonal Merchandise with a Storage Warehouse

Stocking just the right amount of inventory on the shelves can be very tricky, especially with seasonal merchandise. The worst thing your store can do is be out of stock. While that statement may be an exaggeration, it is a potential death knell on any future relationship between you and a customer. With one-day shipping and easy online shopping, customers go to stores for three different reasons:

  • To test out different options (like clothing or home decor).
  • For the shopping experience.
  • To own the item immediately.

Hold Onto Your Seasonal Merchandise with a Storage Warehouse

If you don’t have popular items in stock because of a rush on purchases, those potential customers will go somewhere else. It will also take you one to three days to restock, which means you might miss peak demand. Instead of running out of key items, order extra and store them for easy replenishment. Extra storage space can also help you:

Invest in quality seasonal supplies.

The end of the fourth quarter is important to every retail store. That means you have to be operating at peak performance every day and have a storefront that’s as inviting as possible. Local storage means you can invest in high-quality displays and graphics for the holiday season. Permanent, durable decorations always look better, and local storage means you don’t have to replace it every year.

The same local storage that can hold popular inventory can also hold holiday merchandise that didn’t sell this year. If it’s nonperishable and not marked with the current date, then you can hold onto it and sell it next year without using valuable floor space.

Don’t mark things on clearance when it isn’t profitable to you.

Clearance is the go-to solution for store merchandise that didn’t sell by the end of a more profitable timeline. Sometimes you just have to sell merchandise, even if it’s at cost or hardly makes a profit, just so you can have the shelf space back. But warehouse space isn’t at a premium that way space in your store is. Instead of practically giving away goods, store them away for a limited time so they can go back on your shelves at a better time.

Go to Warehouses Plus to find storage with the right dimensions for your excess stock.