What To Do When Your Warehouse Storage Is Exhausted?
Is your business outgrowing its warehouse space? Congratulations! Your business is expanding at a great pace. However, with this good news comes the much averted hassle of looking up for a new commercial space and going into the process of managing it. At some point in time, every warehouse comes to this point when it’s filled up to the brim and you just can’t prevent expanding storage space. But are you there yet? Perhaps, there is still some space which was either mishandled or overlooked, and you may still squeeze in some more pellets for the time being. Here are a few tips to help you re-analyse your present space before you look for a warehouse for rent in India.
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Storage Density- ideally, a warehouse filled up to 85% of its capacity has crossed the threshold. Anything above 85% means you will not have space to accommodate fresh stock. If you see pellets intruding on the aisle or blocking exit points it is best to reassess your stacks to see if there is any irregularity in space.
Minimize inventory- Often the sales team ends up buying more than the planned inventory because of some super saver deal or other. However, stocking up six months of supply in advance can clog up your warehouse. Spot such occurrences and ask your team to negotiate with the supplier for the stock to be sent in batches, says a manager at a warehouse space for rent in Chennai.
Obsolete inventory- Check how many times each SKU is used in the past, if the search results furbish too many single digit results, you have obsolete inventory to tackle. In case of perishable or near expiry products, check their stock level and see if you can use all that before they expire. It can be scrapped, given for charity, sold in a fire up sale or used up in other processes of the same company, if applicable.
Seasonal Variations- If your business encounters peak sales for a short period of time in a year, then chances are only these short spurts of seasonal activity is a pain for the storage units. Hence it is not wise to design the warehouse to accommodate such peaks, but rather contact an outside storage service to smoothen out the season.
Storage Density- ideally, a warehouse filled up to 85% of its capacity has crossed the threshold. Anything above 85% means you will not have space to accommodate fresh stock. If you see pellets intruding on the aisle or blocking exit points it is best to reassess your stacks to see if there is any irregularity in space.
Minimize inventory- Often the sales team ends up buying more than the planned inventory because of some super saver deal or other. However, stocking up six months of supply in advance can clog up your warehouse. Spot such occurrences and ask your team to negotiate with the supplier for the stock to be sent in batches, says a manager at a warehouse space for rent in Chennai.
Obsolete inventory- Check how many times each SKU is used in the past, if the search results furbish too many single digit results, you have obsolete inventory to tackle. In case of perishable or near expiry products, check their stock level and see if you can use all that before they expire. It can be scrapped, given for charity, sold in a fire up sale or used up in other processes of the same company, if applicable.
Seasonal Variations- If your business encounters peak sales for a short period of time in a year, then chances are only these short spurts of seasonal activity is a pain for the storage units. Hence it is not wise to design the warehouse to accommodate such peaks, but rather contact an outside storage service to smoothen out the season.
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