Warehousing is a lucrative business, especially if you get a strategic location such as an airport or seaport. The best thing about this business is that in as much as there is life, humans will still trade, and goods will need to be stored. So, it never runs out of fashion. All you need to do is get a high-quality racking system so that you can serve as many clients as possible. More clients mean more business, which translates to huge profits.
Since planning is vital, what are some of the things that you may need to consider when coming up with a plan in terms of design and capacity? Well, they include but aren’t limited to the following:
- Characteristics of the products
The characteristics of products and goods that you’ll be storing in your warehouse will determine so many things, including smooth operation of the business. For instance, some products’ characteristics that you may want to consider when planning warehouse design and capacity include fragileness, the type of packaging, or even special storage rules and regulations within a jurisdiction.
- Prospective number of clients
The number of potential clients will determine the overall amount of space that you should budget for, especially if you’ll be renting a building. However, you can start with a small warehouse, and later on, proceed to a bigger one with the client base expands.
- Are your products seasonal?
Seasonal products are goods that will be stored at specific seasons of the year. If that is the case, then a rented or leased warehouse can do as it will cut down on operational costs accordingly. As for employees, you can also design periodical working contracts for them.
- Inventory system
Before you choose a boltless rack Malaysia, you may want to consider the type of inventory system that you’ll use when business commences. LIFO inventory control will attract a push back rack system designing, while a FIFO inventory system may work better with a deep lane storage unit like a flow rack.
- Special storage conditions
Lastly, a design to store durable goods will not be the same as that one needed to store perishable products. Durable goods can do in any type of rack, and that one shouldn’t be much of a problem. Also, if you are handling highly valuable goods such as precious stones and jewelry, you may also need special storage conditions such as a vault for security reasons.
The kind of plan and design for your warehouse will determine the success of your overall business because it decides on the number of customers that you can serve. The more the customers, the more the profit you’ll likely make. Only profitable businesses are the ones regarded as successful.