Seven Things to Consider before Putting up a Storage Floor Area.
Storage facilities are essential in the supply chains of firms. Many big companies in the world have little space for storage. Most love an extra storage facility from private companies so as get products to reach desired customers fast.
Let us take a look at some things that warehouse investors need to have in mind before laying a foundation stone:
Know what will happen in the warehouse. As a warehouse investor, you need to have a definite plan of activities taking place at your facility. Have a picture of the day to day activities in your desired flooring area. The processes that will be administered from receiving goods, safely storing merchandise to releasing them according to the client’s desires, need to be orderly and flawless.
In these processes, investors need to choose if they will use technology or manual approaches when monitoring the movements of goods. Builders will then know the sophistication of the services hence pricing.
Know the customer preference. The target market should be identified, when they need a fast delivery you will have to locate the floor area next to them. It would also help if it were located next to a reliable source of transport. In this case, the area required will be easily calculated.
One should consider in-bound logistics too. Supplier production should be noted. First, where they are located and if they are dependable. This will guide you to get the perfect arrangement of the work-flow in the storage space.
Plan warehouse design and capacity. Warehouse numbers required should be noted against the available land space. Builders will need to get some facts right in the sense that the operations will run smoothly after buildings are completed.
As an investor, you need to know all the activities that will take place around and in the warehouse. Does space entail the functions of a factory-like, adding value to the product or only receive, store, pack, and distribute goods?
Picture the kind of products that you will be dealing with. Are they perishable and require refrigeration? Can they be stacked, if the goods are small, the warehouse height will be tall to accommodate mezzanine flooring that maximizes space.
Know the market flow of products that you will be handling. During these times, the business owners are embracing the internet. Keeping goods that are sold over the web applications will mean that they will be prone to returns. In case your preferred products are marketed online, you will have to create some space for the returns. Trading online attracts a lot of unsatisfied buyers and returned goods will have to be repackaged again for resale.
Master the FAST concept and use it in building your warehouse. Get to know the FAST approach before building the storage floor area.
F- Flow. The sequence of the warehouse needs to be well controlled. Goods should move freely within the building without messing up with the arrangement of other merchandise. People and automated machines like forklifts should work freely around.
A-Accessibility. In case you will be dealing with multiple products, shelving will be important throughout the facility. The fast-moving ones need to be easily accessible. FIFO rules will be implemented too. Forklifts will start will the products expiring early and take the rest later.
S- Space. Mezzanine flooring kits are modern space utilization technology. They are factory prepared metals joined together to clients’ satisfaction regarding quality. Kits come on a light, medium, and heavy-duty choice. Heavy goods will need the heavy-duty option while light ones will use light-duty. Using them will double the available room in the warehouse.
Mezzanine flooring has the advantage of owners being able to redesign the plan of the room, they are free-standing metals, buyers of this technology can choose and they are 100% safe.
T-Throughput. Know the type of products to be stored and how to handle them. Have an idea of the risk they pose in your facility, how bulky they are, their value, and fragility.
It will be important to do some research from companies that have ideas similar to yours. Bench marking will help when you note designs that can be adopted and improve on them.
Eric Reyes is a passionate thought leader having been featured in 50 distinguished online and offline platforms. His passion and knowledge in Finance and Business made him a sought after contributor providing valuable insights to his readers. You can find him reading a book and discussing current events in his spare time.