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Storage Space for Businesses: Where to Go

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Business owners sometimes struggle to store their inventory once their business has grown. When looking for storage space or warehouse to rent for your business, there are several options to consider, depending on your budget, needs and location. Let’s have a look at some of the options available.

Self-Storage Facilities

Self-storage units are suitable for businesses that require short-term storage, or temporary storage. You can choose from a range of different sizes and are likely to have access to the units 24/7. We recommend choosing a self-storage facility if you’re in need of storage as soon as possible, as it is a cost-effective option.

Find a Storage Warehouse to Rent

When thinking about renting a warehouse, it’s essential to carry out some research to save you time, money, and any future disappointment. Warehouse and industrial space can be used for various different purposes, including storage, production and distribution. What should you consider before renting a warehouse?

  1. Evaluate your storage usage

If you need to stack items, boxes or pallets, make sure you have enough vertical space. If you do not need any stacking space, there’s no reason to pay rent for a warehouse with high ceilings. Evaluate the type of storage space that you need and then look for warehouses that suit your needs.

  1. Parking Area

A car park can be helpful, depending on what you need your warehouse for. For example, if you need a warehouse purely for storing inventory, it might not be necessary to have a car park. However, if you are using the warehouse for distribution purposes, it could be more of a mandatory requirement. It’s also important to discuss the car parking situation with the landlord. This is because they can try to add extra charges sneakily.

  1. Operating Expenses

Operating costs are an important part of regular warehousing operations, and it’s important to see if these costs will be included in the rent or not. Your main goal is to identify possible warehouses that can handle your storage volume whilst keeping the products secure. Once you have a few options, you can then narrow down your options and see who has the best prices for the needs that you have.

Try Triple D Express if you need a warehouse to store your stock

Finding a warehouse to rent can be a daunting task, but once you consider the points mentioned above, you should have a few potential options. You can then narrow it down further and choose the option that is within your budget and the one that supports all the functions you need it for.

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Finding the Right Warehouse to Store my Stock

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Finding the right warehouse for your business isn’t an easy task, there are several factors you need to consider that will ensure efficient operations and cost-effectiveness. Let’s go through some different considerations you might need to make before getting a warehouse.

Location

The location of the warehouse is one of the most important decisions you will need to make. You might just think you need a warehouse near you, but you should consider using a warehouse that is strategically situated near your suppliers, customers and transportation routes. Also, consider how close the warehouse is to major motorways, ports and airports for smooth-sailing distribution.

Think About What You Need

Determine the characteristics of your stock, such as size, type, quantity and any special storage requirements. For example, if your business deals with perishable goods, you would need a special type of storage that can regulate temperature. If you don’t have an idea of how much space you will need, you might struggle when finding the right warehouse for you.

Costs

It’s important to browse around different storage providers to get an idea of what it will cost your business. Negotiate different terms that align with your budget and the needs of your business.

Safety, Security & Insurance

When storing your stock in a warehouse, you need to have trust in the warehouse provider. To make sure your stock will be safe, perform a security audit to ensure the safety of the warehouse. It’s also vital to have a proper insurance policy in place for your goods; the warehouse is likely to have a policy but take the time to understand the terms.

Layout of the Warehouse

You might not think the layout of the warehouse is important, but it is. The layout can contribute to your daily overheads, so it’s important to evaluate whether the warehouse suits your operation styles. Efficient designs make operations quick and effortless.

Summary

Moving warehouses isn’t a quick process, so make sure to consider these factors before investing in storage for your business that not only serves your current needs but also has the power to serve your future growth.

What to Do When You’ve Got No Storage Space Left

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Storage space for businesses can be one of the most difficult parts of being a business owner. It’s hard to know how much storage space they need for their inventory. When you’ve run out of space for your inventory, it can lead to various challenges and could cause a potential loss in sales. Let’s have a look at how you can manage this problem effectively.

Assess your Inventory

If you own a business or organisation, you need to conduct a thorough assessment of your inventory to identify which items are taking up the most space. You can then decide if these items are profitable enough to keep.

Optimise your Warehouse Layout

It’s important to maximise all of the space you have available. Reorganise the layout of your warehouse to make sure that you’re using all of the space. You could use vertical shelving

units or install mezzanine flooring to make sure that your optimising all the space you have.

Negotiate with your Suppliers

If it’s possible, negotiate with your suppliers about shorter lead times, smaller quantities or you could try and get more frequent deliveries. The reason that you should do this is because it can help to reduce the need to store inventory in large volumes.

Consider Off-Site Storage Space For Your Business

Consider renting additional storage off-site to prevent overcrowding the space you currently have available to you. Here at Triple D Express, storage space for businesses has never been easier. It’s important to consider off-site storage because it accommodates temporary excess inventory.

Implement a ‘Just in Time’ Strategy

A ‘just in time’ strategy is where you order and receive inventory only when it meets customer demand or is needed for production. Adopting this approach will reduce the amount of inventory sitting in storage.

It’s important to analyse your inventory and the amount of storage you’re currently using. Maintaining inventory levels is essential for your business to function smoothly. Always monitor and manage your stock to avoid running out of storage space.