Storage can be way more important than you might think no matter what business industry you are in. When you are just launching a business you might not think about how much space and inventory you will need five years from now. So, as your company grows you might find yourself needing a bigger warehouse.
The right third-party logistics (3PL) company can come in and help you with all of your storage and inventory needs. Getting some help with your storage needs means you can focus on your priorities, creating good products. Would you rather focus on the technical expertise behind creating and updating your products and letting somebody else handle storage needs, or would you rather get so overwhelmed by sorting and storage that you lose the handle on your actual product?
What Type of Storage do you need?
Consider the type of products you manufacture before you settle upon a storage solution. Do you need a temperature-controlled environment or could you use storage that is outside in inclement weather? There is no right or wrong answer, but you want to make sure you consider whether the elements will affect your storage needs.
How often do you need to access your storage? This is relevant because if you have high inventory turnover you might need to use a 3PL company to manage the sorting and distribution of inventory. But, if you are not going to need to access your inventory often you can tuck it away in the back of the warehouse. Most likely, you are going to need to access your storage units on a daily basis, and you might even need sorting equipment that can pick and sort your inventory on a daily basis – a 3PL company can handle that for you.
How much Storage do you need?
Don’t forget to think about the future as well as the present. Your needs today might not be the same in 5 years if you continue to grow and expand. If you are investing in new warehousing space, make sure you invest in enough space to accommodate growth. While you can certainly add space at any time or move into a new warehouse, it is more cost-efficient to not have to move all of your inventory more than you need to. Let the 3PL team manage every aspect of your inventory, ensuring your customers always remain satisfied with expedited shipping and never running out of their favorite items.
Now that you know you need to rent some warehouse or space, contact us today to start the process. We can talk to you about everything 3PL related and offer you sorting and storage services, so all of your inventory management needs will be met. Our team will walk you through all of your logistics options and discuss what you need regarding how much physical space and what type of environment is acceptable. We can give pricing quotes and answer all of your questions about storage!
