Did you know that there are over 30 million small businesses in the USA? Thanks to positive economic conditions over the last few years many people have taken the opportunity to start the business of their dreams.
Whether your business supplies materials, manufacture products or sell directly to customers, you will at some stage need warehousing services. What do you need to know to choose the right service? How can warehouses benefit you? Why not read on to find out.
Expand and Contract
One of the main advantages of employing a warehousing service instead of managing your own stock is the ability to expand and contract. If you find that your business is booming and you need more stock to please your customers, you simply expand your footprint in the warehouse. Should the opposite happen and you need to reduce your expenses, you shrink your footprint.
Since the warehouse belongs to a service provider, you do not need to bear the cost of investing in the facility, you simply pay for what you use.
If your goods are in a managed warehouse and are damaged or destroyed, you do not bear the risk and the cost of replacing them. The warehouse provider will ensure that they have insurance that will cover your losses.
The cost of this insurance will have been included as a minor fee in your contract, you could potentially save you the cost of your stock without you bearing the burden of higher premiums.
Warehouses today do more than simply stack your stock. They will offer a range of additional services that can help you manage your stock and even expenses. These services could include shipping, robotic control, and packing, and even inventory management.
Why not speak to your warehousing agent to see what else they can do to make your supply chain more efficient.
Did you know that having goods in stock safely in a warehouse can actually help your business credit rating? In many cases, you can use the stock you have in your warehouse as a basis for borrowing more money.
In other cases, should you store your goods in a government bonded warehouse, you may be able to hold off on paying customs costs on imported goods. You may be able to make a deal that allows you to pay only when they are shipped to customers.
The Benefits of Warehousing Services and Much More
If you are a player in any part of the supply chain, you will know that effective warehousing services are a key part of your business. Whether it is materials storage, shipping, or stock of the final product, choosing the right warehouse is crucial to your business.
If you would like to know more about warehousing and other business topics, why not read our blog articles? We write and publish material each week that we know will benefit you.