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How to Make Your Warehouse More Cost Effective

How to Make Your Warehouse More Cost Effective

Whether you’re starting a new company and you’re planning your first warehouse or you’re revamping an existing storage area, there is a lot to think about. If you’re not careful, you can end up wasting money as a result of warehouse inefficiencies.

This is a particularly pertinent issue at present, with many companies complaining of rising running costs. According to research conducted by the Forum of Private Business, 63 percent of firms have seen an increase in their business costs in 2014. If you’re keen to save cash, take a look at the following top tips.

Plan your Space with Care

Commercial premises come at a premium these days and so it’s vital that you take advantage of every square foot of your storage area. With this in mind, make sure you utilize the full height of the space with the help of tall storage solutions. You may also benefit from installing a mezzanine area within your warehouse. This could be used as office space or simply for further storage.

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Meanwhile, your floor plan should allow your workers to operate effectively and quickly. As part of this, you must ensure that goods are not be hemmed in and made inaccessible. Ideally, you should have defined areas for dispatching, receiving and storing items. It may also be a good idea to create a separate storage area for supplies that are used on a regular basis, such as boxes and packing tape.

In addition, your staff members will need access to work surfaces in order to complete their tasks.

Invest in Efficient Technology

Even though it may cost a little money, new technology can represent a great investment. For example, if you’re currently using old and inefficient heating systems, it’s worth investigating the newer versions on offer. Companies like Winrows offer a variety of fuel-efficient warm air products and can deliver energy savings of up to 40 percent or more. Given the high cost of energy at present, this is not an issue you can afford to ignore. Meanwhile, you may also benefit from replacing your current lighting with high-efficiency products.

New and improved forklifts with greater capabilities could make a good addition to your warehouse too. You can now take your pick from a host of different versions, including industrial reach, counterbalance, side loader and telescopic trucks.

Updating your warehouse management system could save you money as well.

Steer Clear of Shoddy Products

When you’re operating on a tight budget, it can be tempting to cut corners and buy substandard warehouse products. However, this may turn out to be a false economy. For example, if you select shoddy racking and shelving, it won’t be long before you have to buy replacements. Any breakages may also damage your stock.

As a general rule, it pays off to opt for quality items that you can trust to stand the test of time.

By bearing tips like these in mind, you can help ensure your warehouse runs as efficiently as possible. Ultimately, this could enable you to operate more competitively. In turn, this may boost your business’ long-term prospects.

About Subodh Tandon

Subodh is a full time marketing consultant and a skilled blogger. His area of interest belongs to marketing and finance related news and love to share all of those topics over the internet. You can catch him directly through this blog.