Nowadays, warehousing has become beyond storing goods and distribution. In addition to storing the commodities, and optimizing the entire supply chain, there are many more services, which are provided by the warehousing companies. Almost every business that deals in selling physical goods uses the concept of warehousing to satisfy customers’ needs at the.
Warehousing serves businesses in several ways and ensuring the safe storing and delivery of goods is one of them. Warehousing companies also do the sorting, labeling, and packaging of the goods for further distribution. You can find a sufficient area for storing your commodities in OTT’s warehouse, and keep track of your goods.
1. Provides Storage For Off Season:
Due to various reasons goods are not sold at a constant rate in the market. Sometimes, seasons may result in a longer sales cycle, which may increase the stock that is required to be placed somewhere. This is where a warehouse comes into existence, which offers storage for goods that are still to be sold to prevent damage and theft. The warehouses are stationed close to transportation routes, allowing them to be quickly sent out when needed as OTT Trucking, which is a leading trucking company in Surrey BC, has its own warehouse nearby transportation routes to make the transportation of commodities as quick as possible.
2. Safety of The Perishable Goods:
If your business is involved in selling perishable goods then a warehouse is the best option for you as it not only protects the products against fluctuations as well as protects biodegradable items from being damaged. The warehouses are equipped with different types of electronic equipment like refrigerators, freezers, and optimal temperature control systems. Keeping the optimal temperature in the warehouse preserves goods and prevents spoilage, changes in texture, and color that need cold storage like plants, artwork, candles, food, and medications.
3. Develop Optimal Process:
The warehouse management process makes the process of storing and transporting goods effective. Warehouse management processes involve receiving and organizing warehouse space, scheduling labor, managing inventory, and fulfilling orders. It also includes ensuring all aspects of a warehouse operation work together to increase productivity and keep costs low.
Following are covered by warehouses for effective storage:-
- Storing inventory long-term
- Outsourcing picking and packing
- Adhering to specific legal requirements
- Protecting high-value products
- Keeping temperature-controlled goods safe
- Decreasing time spent on low-impact decisions.
4. Ensure Price Stabilization:
Demand for commodities does not remain the same all the time; it varies from month to month and year to year due to various reasons like customers’ income, government policies, employment rates, climate conditions, and other factors, which may influence the purchasing decisions of customers. The warehouse keeps the stock for longer times especially when goods are not in high demand and sells goods when there is high demand in order to attain fruitful traffic. This sort of process helps reduce revenue losses and stabilize the prices.
For example, if your company manufactures and distributes sports equipment. It is a good idea to take the advantage of warehousing services in Surrey, Canada to store ski accessories during the cold season and sell them during the summer season. This way, you will be able to maintain consistent stock levels without selling it at lower prices.
5. Control Over Products:
It is easier for warehouse managers to control product stock to leverage inventory control, remove irrelevant products and pack orders in a centralized location.
Inventory Control Comprises: –
- Plan an efficient layout
- Stock inventory as per need
- Apply cross-docking to maximize space
- Implement strict standards for safety
- Incorporate efficient weighing systems
- Use technology to enhance inventory management
- Improve demand planning
6. Risk Minimization:
Risk cannot be neglected when a business is involved in selling commodities in the market. Sometimes, there can be an increase in the supply of products, which may reduce its selling price. Storing goods in the warehouse solves the problem. However, it is important to note that you may suffer from higher storage costs than regular storage.
7. Improved Order Processing:
Whenever customers order products they always seek timely delivery of goods along with quality services. Warehousing offers security stocking to make the products available whenever an order is placed directly from the warehouse rather than from a production facility, which also reduces the delay in services. In addition to this, you do not need to worry about losing a long-term client or sale due to the lack of fulfilling the order on time.
8. More Efficient Packing and Processing:
There are different types of equipment like dock boards and plates, edge of dock levelers, truck restraints, dock seals and shelters, dock bumpers, yard ramps, wheel chocks, dock levelers & dock lifts for serving distinct types of purposes like storing, moving, packaging, and processing orders from customers, which saves time and money.
A warehouse helps the firms to pack and grade their commodities as per legal requirements and customer needs. This way, the cost of logistics is reduced, which further maximizes flexibility and also can work as an ideal products distribution location.
9. Superior Customer Service:
There is a large proportion of customers who expect guaranteed delivery of goods and more than 80% want faster delivery. Timely and faster delivery both are significant aspects, which should not be neglected when choosing a transportation carrier in order to keep the customers satisfied, engaged, and maintain the reputation as the lack of considering these aspects can ruin revenue and brand image. Further, this sort of practice leads to increased labor productivity, which also reduces errors and damage in the order fulfillment process.
10. Task Delegation:
The Task delegation process reduces the time-consumption and cost as responsibilities are divided among staff members. The following steps are crucial in the delegation process:-
Step 1. Describe Exactly What You Want:
Communication and training are the most essential aspects, which result in the huge success of the company as an act describing an exact thing can lead a person in the right direction. This sort of act helps completing necessary tasks on time.
Step 2. Foster Them and Step Back:
Encouragement plays a critical role when it comes to training an employee, which makes the job and expectations clear. This only shows that you trust your employee but also makes you confident in the decision-making process to outperform.
Step 3. Monitor Progress Through Feedback:
Setting a feedback system enables how a delegated task is going to alleviate concerns throughout the project. Feedback reinforces work relations.