Effective warehouse management is one of the most essential elements of managing a business for different industries. If a company’s warehouse is running inadequately or they don’t provide any warehouse facilities causes products to be more difficult to move through the supply chain. As a result, profits could be impacted and customers dissatisfied which leads to other negative consequences down the line. Therefore, discovering the right warehouse for your business is quite challenging in the market where there is an immeasurable number of suppliers competing and building a strong image.
Keeping in mind all the important factors of the warehouse solution that you might be thinking for your business, we’ve recently taken this to the next level by creating AMA “Ask me Anything” session with VP Business Transaction & Warehouse Expert at OFCSPC Mr. Vishal Bhatia who shared his experience about the warehouse trends in the industries and its impact on businesses economy. Starting from the benefits of warehouse sectors, he briefed that India is one of the most growing & establishing country in terms of providing warehouse solutions to entrepreneurs.
During a conversation with the VP, he also talked about indispensable factors of how to locate an ideal warehouse on rent for your business and what point enterprises should take care of while choosing the suitable warehouse solution.
Factors to be considered while locating a warehouse?
Access roads: The access road to the warehouse should be in reasonable condition and wide enough for vehicles to pass each other comfortably. Within the complex internal roads are planned in such a way that there would be enough space in front of the guard house for the trucks to wait for loading and unloading in warehouse management.
Location: It is considered with where to locate your warehouse. The location directly affects the ease and efficiency with which you can transport and store your products. When considering warehouse solutions, a good location will be near convenient transport routes such as railways, motorways or a shipping port.
Compliances: Warehouse & operations play a key role in the success of any business. If any operation caused due to mishaps can heavily affect the company & your clients. Meanwhile, it is necessary to follow regulation for safety compliance designed specifically for your work environment.
Facilities: While leasing a warehouse for your business, it is imperative to choose the right warehouse that includes all the facilities to fulfill your needs. Prefer a warehouse company, providing a vast storage function for your good and products. Look out for the warehouse that is constructed in such a way to minimize the business risks. Make sure the company offers cold storage amenities for businesses involved with perishable products.
Costing: Before acquiring a warehouse for your business cost is a basic criterion as the warehouse is the management of space and time which has a cost per month for warehouse space. Maximizing profits for businesses takes a well-planned strategy to increase warehouse productivity while cutting down operations costs.
Safety & security: Warehousing refers to the accumulation of goods with security until they-re dispatched to the consumers. Storing goods with utmost care to make them available to buyers is the most important marketing process. Adequate arrangements to retain the goods in the perfect condition enables a firm to carry on production.
The evolving warehouse trends in India:
In India, the warehouse & e-commerce industry is growing exponentially where firms are consolidating the operations. Besides, spurt demand of warehouse in the metropolitan cities like Delhi/ NCR, Mumbai, Pune, Bangalore, and sub-cities like, Gurgaon, Ghaziabad and Noida.
According to the Business Today, the changing trends in India’s renowned warehouse hubs like Flipkart, Amazon, wallmart, blue dart is booming in a large extent, providing end-to-end solutions to the retailers and manufacturers.
How does a company ensure ideal warehouse approach to the customers?
For any company’s warehouse are valuable business assets, it is important to communicate with the dedicated solution manager who has specialized knowledge of the warehouse solutions. Generally, many warehouse suppliers do not deliver what they promise to their customers which impact their business. Planning with proper strategy with the right person gives you an ideal approach with the large inventory database.
For any thriving business who are in large markets like retail and manufacturing requires a vast space to store the high-density bulk inventory. There is a large number of companies who are providing hi-tech and scalable warehousing solutions to a varied set of customers across all industries and channels. So that business merchants can easily secure their goods & make a positive image in front of their customers.