When it comes to encouraging warehousing growth, there are plenty of things that you can do, either as the business owner or the warehouse manager. From health and safety to cyber security and everything in between, you’ll be amazed by what some of the following tips will offer your warehouse, including a boost in efficiency, productivity and, most importantly, profits. Here are seven tips to encourage growth in the warehousing business.
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1. Commit to cyber security
Cyber security, and security in general (such as surveillance systems) is an incredibly important part of growing your warehousing business. It helps to secure highly sensitive information, as well as protect your finances from hackers and scammers. Cyber security covers a wide range of different things, especially seeing as we now live in a predominantly digital world. So how can you make a greater commitment to cyber security in the warehouse? Here are a few suggestions:
- Focus on implementing strong access controls
- Regularly train employees on cyber security protocols
- Utilise robust network security measures
- Update systems frequently
- Regularly back up data
- Develop a comprehensive incident response plan to handle breaches
- Conduct security audits regularly
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2. Pace your growth
Wanting to grow your business is an obvious goal, and it’s only natural for you to want to do that in a fast-moving way. However, this can be the downfall of many businesses – growing too fast. This is why you must pace yourself when it comes to growth and development in warehousing. Make sure the growth is steady but not too quick. Some of the things you can do to help pace your warehouse business growth are as follows:
- Consider your business’ current abilities
- Ensure a steady and healthy cashflow
- Make sure you have the staffing capacity
- Think carefully about whether you have the funds to invest more, even just a little bit
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3. Optimise your warehouse layout
When it comes to encouraging business growth in the warehouse, how everything is laid out is paramount. Not only does it ensure a smooth-running business, but it also helps to grow your business in a way that is steady and well-paced. You might be wondering what you can do to optimise your warehouse layout, so here are some of our tips for doing so:
- Consider the type of operations you’re undertaking
- Think about the products you’re storing (do they need to be in cold storage, for example?)
- Use all available space, this includes from the floor to the ceiling
- Make sure you have the equipment to do the job, including VNA forklifts to get around narrow aisles, for instance
- Restructure your workflow, including your workforce, your goods, your equipment and general movement throughout the warehouse
- Ensuring that health and safety procedures are being implemented and followed
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4. Use a warehouse management system (WMS)
In a digital world, why should you have to rely on old-fashioned ways of operating your warehouse? With so many WMS out there, all varying in terms of capabilities and functionalities, it would be a mistake not to take up a specialist system to help you get the job done. A great WMS would have the ability to automate a wide range of laborious tasks, therefore allowing your employees to focus their time on more value-added tasks.
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5. Train employees effectively
When it comes to the smooth running of any warehouse, the secret is often in how well-trained your employees are. While your workers may well be trained and qualified, it’s important that their training is kept up to date. This helps to ensure that they have the latest information when it comes to warehouse and vehicle safety, product handling and other imperative elements of the warehouse. This makes sure that your warehouse is running as it should, therefore helping with business growth and development.
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6. Make health & safety a priority
Health and safety is crucial to maintain in the warehouse if you’re looking to encourage growth in your warehousing business. This is because, not only does it keep your employees safe, enabling them to keep working, but it also prevents inventory loss, equipment damage and expensive lawsuits should something go wrong. All of the aforementioned is something that could be extremely expensive, and therefore financially detrimental. If you want to ensure business growth in your warehouse, then making health and safety your number one priority is a great place to start.
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7. Closely monitor your inventory
Inventory loss can be detrimental to your business in terms of finances and profits. Inventory loss can leave a hole in your profit, so make sure that you’re doing everything you can to prevent the problem from occurring. This includes stacking the inventory in a safe and responsible way, as well as making sure you’re not buying more than you can sell. In addition, set up some security measures to deter criminals, therefore protecting your stock from theft.
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Multy Lift has over three decades of experience in the material handling industry. We take pride in offering customers throughout the UK high-quality warehouse machines, including forklifts, reach trucks, order pickers and more. We can also supply industrial cleaning equipment and warehouse services, such as mezzanine flooring and warehouse racking. If you would like further information about how we can help you today, then get in touch with a member of our friendly, knowledgeable team today – we’re always pleased to hear from you.