Experts predict the global warehouse industry will be worth approximately USD 326 billion by 2024. This astonishing figure highlights how valuable warehousing is to a number of vital industries based all around the world. If you already own or rent a warehouse, you’ll also be acutely aware of how important it is to use every square inch of your storage facility.
But, how can you boost your warehousing space without investing in new premises? After all, if you can make the most of your current facilities, you could increase profits without incurring any additional costs. The good news is you can use a few helpful hints and tips that can free up space you didn’t even know was there.
Let’s dive in and learn more about increasing your business’s storage space.
Table of Contents
1. Plan the Warehouse Floor Layout
The first step is to create a warehouse floor plan that allows you to determine the best positions for your equipment and products. Try to imagine the ideal working conditions in your warehouse, and then see how close you can get to designing that system. It may take a bit of tweaking, but it can be worth the effort if you gain some extra square footage.
2. Use Pallet Racks
When you know your best warehouse layout, you can then decide where to place your warehouse shelf storage equipment. For example, you could place a push back rack against one wall as it offers an enormous amount of storage space, and then place additional selective pallet racks in the surrounding area.
This method could increase your packing and picking efficiency levels as staff can collect everything they need from one location.
3. Invest In a Warehouse Management System
A warehouse management system software can make it easier to keep track of your products, helping staff locate them more quickly. This type of software also allows you to identify if you are overstocking some items, taking up space that could be better used for other purposes.
4. Train Your Staff
You could have the best warehouse space management ideas, but they’re unlikely to work if your staff aren’t aware of the processes needed to keep your facility organized. Set up a training program for your employees to learn the procedures, and provide refresher courses at regular intervals. You could also create an online program that staff can log onto if they are ever in doubt.
5. Review and Adapt
It’s a good idea to routinely review your warehouse storage space plans to check if there are any further changes you could make. This step can be particularly beneficial if you are bringing in large quantities of new stock, or buying new machinery that will take up a lot of space.
Maximize Your Warehousing Space
Making the most of your warehousing space can improve your workflows and increase profitability. To get the best results, it’s essential to have a clear plan of action and to use the most suitable equipment and systems for your needs. It’s also vital to ensure your staff understand the various warehouse procedures.
After making a few amendments to your warehousing storage space, you could soon be amazed at the difference in your company’s productivity levels.
Before you start reorganizing your warehouse space, be sure to check out more great posts in our Business section.
Apart from that, if you are interested to know about The Essential Guide to Finding and Renting an Office Space then visit our Business category.