When small business owners think about their growth or plans about expanding, warehousing can be the last thing they think of. It is, however, an essential component of any growing business especially if it involves the manufacture and distribution of products or goods.
Some business owners see it as an added expense since it may require a huge amount of money during the outset. Others overlook its importance and fail to recognize how warehousing can actually be cost-efficient. Apart from this, it also improves your productivity and better control across your stocks and inventory.
The truth is, as your business grows, the need to carry out the increasing volume of orders as efficiently as possible is crucial. The need for warehouse storage now comes into the picture. Having a dedicated warehouse storage for online retailers also provides better management of orders and ensures that buyers receive their orders in a timely manner.
More than just for the safekeeping of your products, utilizing a third-party storage facility will make it more convenient for your small or medium enterprise so you can have the time to focus on other areas of your business. Let’s take a look at three noteworthy points.
Convenient Management Of Inventory
A 2017 study on small to medium businesses in the US recorded that eight percent of small business owners fail to track and manage their inventory. In the same study, it showed that up to twenty-four percent don’t have records of their inventory at all. Problems such as these lead to inefficient order management and delayed deliveries. As a result, it affects your customer’s experience and ultimately places your brand in a bad position.
Having a warehouse for your business will enable you to have a centralized facility where you can drop off and distribute your products. This way, your goods are better regulated, and your inventory managed.
Efficient Processing Of Orders Results To Happy Customers
It has been proven that consumers are willing to spend more for faster delivery. Similarly, several customers would want to be provided with an estimated time of arrival of their purchase. Having third-party warehousing will enable you to manage the number of orders you receive. You can be on top of all the orders that are dispatched and yet to be delivered. This way, you can keep tabs on making sure that orders placed will reach your customers within their expected time. Once customers are satisfied, they will surely be ordering again and recommend your products to the people they know as well. You do not only retain your existing customers but acquire new ones as well which increases your revenue.
More Room To Grow
If the space you currently have holds you back from expanding and growing your business, warehouse storage can address this concern. With a centralized place to hold your inventory, you can efficiently make use of your current space. You won’t be spending much on overhead costs as well. With a larger space, you can increase your product line, this way, you can offer more goods to your customers and address their product demands as well.
Where do you see your growing business in the next five years? Start your growth by widening your opportunities through a warehouse storage provider. Talk to our storage specialists at The Box and let us help you and your business make room for tomorrow.