Are you a new business that has a lot of stock and quickly running out of arms and head space to process it as well as floor space to store it? Or a business whose current warehouse isn’t servicing the needs that your business has or will need in the future?
In this blog, we go through those all-important points to consider when choosing the right type warehouse space for your business.
Firstly, there are a three types of warehouse space to choose from:
Contract Warehousing: Contract warehousing is something Bray Solutions specialise in. Contract space is hired for a fixed secure period, typically lasting six months or longer, this can be a disadvantage for businesses looking for shorter terms. The charge per square foot is commonly better than for public warehousing (see below), and another advantage of this is that space often comes with additional features such as 24-hour security, racking and forklifts.
Public Warehousing: Public space can be rented on a month-to-month basis for a fixed fee per square foot. The great thing about this is there are no long-term commitments, but the flip side is that this option is often the most expensive per square foot.
Private Warehousing: Private space is owned and managed by the business. An advantage of owning the space is the complete control of all aspects of the process, even renting out unused space. The main disadvantage of private warehousing is the wealth needed to obtain the space and the cash flow to staff and manage it.
How to Choose the Best Warehousing Option for you.
Beyond the ‘types’ of warehouse space mentioned previously, there are some other aspects to consider and questions to ask when sourcing a third party to look after your stock:
You have to decide whether the warehouse will be a cost or profit… How long will your products be stored? Do you require to store products near a transportation corridor such as a rail line or highway? As fuel costs continue to increase, the location of a warehouse is not just chosen for convenience but is intentional for profitability. The key feature of our facility is the geographical location. Linking to the road, rail, sea and air.
Peace of Mind
The cost per square foot is only one factor in the overall cost of warehousing. Will your goods have insurance? At Bray Solutions, goods are insured for the standard liability as per the UKWA (United Kingdom Warehousing Associated) of £100 per metric tonne. However, it is worth asking if your warehouse offers additional insurances that you can take out if you have high-value goods. This is, of course, an option when leaving your valuables in our capable hands.
Which leads on to security. While our modern warehouse facilities are fitted with the latest safety systems and safety features, this is not a standard feature for all warehouse storage units. Ask how your goods will be monitored and what they have in place should there be a fire or break in.
Space to Grow
Our minimum storage available is one pallet space with a capacity up to 15,000 pallets, with additional yard and warehouse storage.
So you know, Bray Solutions are in it for the long haul. With a strong network of warehouse sites across the UK, we have the capacity to grow with your business. We offer bulk store or racked, seasonal and overspill storage.
This is not always the case with every warehouse provider, so do make sure you ask what the capacity is when enquiring, as changing your warehousing provision due to not asking the right questions can be costly.
Staff, Accuracy & Technology
Does your business have clear seasonal trends or runs regular promotions? A large proportion of our client base follow seasonal trends and many offer promotional schemes throughout the year, so we make sure that we have staff on hand to support the businesses we work with during these times. But can other warehouses? It is a valid question to ask, as there is nothing worse than a huge backlog of orders and unhappy customers that then leave you for your competitors because your outsourced provision was not able to cope with demand.
Which leads us on to Accuracy. As we process everything electronically on to our warehouse management system and use Wi-Fi handheld scanners when picking and packing, we have a 99.9% accuracy rate. With the very latest IT, warehouse management systems and Wi-Fi scanners, all stock is recorded electronically with each item having an individual audit trail. This helps us to prevent making mistakes, especially during those crucial busy spells. Another important statistic to ask for when sourcing a warehouse storage solution.
Whatever you decide. Make sure you are informed and ask all the right questions when you speak to warehouse space providers. It can be a costly mistake if not researched properly.