3 Signs Your Small Business Needs A New Warehouse
When you started your business, your goal was to watch it flourish into something great. Now, your company is expanding more than you ever thought and things might even feel like they are getting out of hand. If you have been contemplating expanding your efforts in the area of inventory and distribution, a new warehouse may be just what you need. Learn some of the signs that you need an updated warehouse for your business.
Managing Inventory Is Harder
Inventory is critical to keeping your operating cost manageable. When a company has poor inventory control, they are more likely to lose money. Whether it's over ordering or forgetting about material and supplies you have in stock, when you don't control your inventory effectively the business can suffer.
If you are making many of the common cost-increasing mistakes of poor inventory management, you may need a new warehouse. A warehouse makes storage easier because it provides a larger, organized space for you to store all your materials.
Shipping Times Are Getting Longer
Are your customers complaining that it is taking longer and longer for them to receive their orders? If a lack of space is a problem, you might have a problem fulfilling an order if your team is unable to quickly locate the items needed to fill the order.
A new warehouse installation is an excellent solution to the problem because it affords you the opportunity to store your orders in an organized and convenient way, which will make fulfilling orders a more efficient process. The more efficiently you can fulfill orders, the happier your clients will be.
Client List Keeps Growing
Even if you aren't experiencing any problems with your current storage options, if your client list is rapidly expanding, you may still benefit from a new warehouse installation. A new warehouse affords you the opportunity to get in front of any inventory management concerns that could present themselves in the future.
If you are increasing your material or product list to accommodate the new clients, the extra warehouse space is especially beneficial. A new warehouse now can help you keep your new customers happier in the future.
To keep your business thriving, you must stay on the lookout for ways to update your business. With a new warehouse, you can set up your business for success now, as well as into the future. Speak with an installation expert to design a warehouse suitable for your needs. Companies like Warehouse Equipment Solutions can help.