Warehouse Management System
Choosing the right warehouse and storage services can make all the difference in your company or business. Since warehousing services are one of the most significant parts of a supply chain, the appropriate choice of these services can regulate how efficiently, effectively, and profitably a company works.
Warehousing is the core of e-commerce businesses, and the key elements include warehouse operations, warehouse management, and warehouse management system. Though the key warehousing principles remain the same, the solutions have changed a lot over the years.
There are certain strategic considerations that one should make while choosing the warehousing and storage service for your business. The major points to keep in mind are,
1. Selecting the right location -
The location of your warehouse is directly related to the efficiency of your deliveries, shipping costs, and the overall consumer experience. The location should be near transport routes like roadways, railways, airports, etc, to ensure easy deliveries across the country.
You might also want to rent or buy multiple warehouses in other parts of the country to ensure same-day or next-day deliveries to people living in those regions. This becomes especially important for industries dealing in pharma, as it ensures speedy delivery of medical equipment and associated medicines quickly. In this scenario, shared warehouses are a good choice as they allow you to rent and pay for only the required amount of space.
The decision for the location of the warehouse depends majorly on the growth of the business. You should carefully consider your short-term and long-term goals to make the correct choice.
2. Workforce availability and labor skills -
Not every location offers the right workforce with the required skills. Choosing the warehouse located at a place where people live can help you get a workforce for your business. Also, ensure the availability and non-availability of seasonal and non-seasonal workers don’t affect your business operations.
Considering the supply and demand while looking at the availability of the workforce is also important. Low demand but high availability of workforce will cause the salaries to decrease. And, high demand but lower availability of workforce will drive the salaries up, meaning that the operating costs will be higher.
The skillset of the workforce is vital as it will determine the productivity and effectiveness of customer service. It helps ensure an upper hand in this competitive market.
3. Storage requirements -
Each business has different kinds of goods to sell, and each of them requires a different storage facility. Therefore, it is essential to ensure that the warehouse and storage service that you choose is capable of handling all your unique needs.
For instance, industries dealing with chemicals and medical stuff would like storage facilities that prevent them from any damage. Industries hiring warehouses for apparel should keep a note that the place is free from any such factors that can damage them.
For your products to function at their maximum capacity, it is essential to ensure that the warehousing operations related to them keep them suitably. Also, factors like cleanliness, environmental safety, and the provision of sustainable solutions should be kept in mind.
4. Rents, taxes, and warehouse lease -
Considering the costs and legal requirements while choosing the warehouse and storage service is an essential point. The rent varies from place to place, and all related aspects should be carefully considered. There are certain local government plans as well that can be leveraged based on your industry.
The warehouse lease should be thoroughly investigated, as the person responsible for maintenance, repairs, etc, should be designated in advance. The type of rental contract should also be mentioned in the contract to ensure that the warehouse offers you services accordingly.
People looking to hire warehousing facilities for only a short period or only for storing certain materials can make use of the shared warehousing facilities. This service allows you to save money while getting the benefit that you want.
5. Proximity to transportation means -
The location of the main modes of transportation, including roads, railways, airports, are supposed to be close to the warehouse site. This helps in ease of receiving goods, and of transporting them to other regions of the country.
You want your warehouse to be as close as possible to the main mode of transportation based on the requirements of your business. This will help control the shipping/drayage costs and the maximum velocity, i.e. transport of a maximum number of containers.
6. Nearby market and environmental factors -
The proximity to the market being served, environmental factors, suppliers, and producers are important considerations. The concerns regarding the major supply chain partners will help ensure the effectiveness of the selected location.
Vicinity to producers, consumers, and suppliers will ensure a decrease in transportation costs, fast deliveries, and increased responsiveness and customer satisfaction. Environmental factors like weather and related disasters should be carefully considered as the warehouse should be built to minimize related risks.
7. Other important services offered -
The basic services and the amenities that the warehouse offers also affect the decision of choosing them. The required equipment and space availability will help you decide if it’s a suitable fit for your business. Inventory management, product labeling, product packaging, and inventory tracking systems all ensure the efficient movement of goods.
Insurance of the warehoused goods will ensure the complete safety and security of the goods until they are shipped. This point is especially important as it takes away all of your stress related to any financial losses in case something happens, as you can claim the amount of the loss directly without any hesitation.
Services like 24*7 surveillance are also something that can affect the decision of your warehouse choice. Installed cameras and security guards ensure the safety of the goods at all times.
AnySpaze is one such company that provides a one-stop solution to all your warehousing and logistics needs. They not only have the availability of the required services, but also high technology systems that allow you to live track your goods.
They have an amazing concept of shared warehousing that ensures that all companies looking for warehouses can save money while receiving the most benefits out of the services. They cater to a multitude of industries including, e-commerce, pharma, healthcare, retail, apparel, electrical, automobiles, etc, while ensuring that each one of them gets top-notch facilities that can help boost their growth.
It is essential to ensure that you have hired the right and reliable warehousing and storage services as your goods stay there for a very long time. Verifying the background of the company that you are hiring and checking previous work and reviews can help you make an informed decision.