Commercial moving and storage needs for businesses today have moved beyond your standard commercial storing services. Today, businesses looking for commercial storage space may require additional services such as inventory management, warehouse receiving, warehouse shipping and other value-added warehousing services. If your business requires more than the average commercial storage service, you may want to consider value-added warehousing services that fulfill your storage solution needs. Here’s a look at some of the particulars of the expanding field of commercial storage and value-added services.
What Is Commercial Storage?
As its name suggests, commercial storage is used as a repository for items needed within a business for operational purposes. Commercial storage space can be rented or owned, and can range from small square footage needs to an entire warehouse. If the area is used to stock merchandise used in commerce or business equipment, it is known as commercial storage.
What Is Warehousing?
A warehouse is a location that often houses ready-to-sell merchandise that’s stored until it’s sold or needs to be shipped to another location. Usually, warehousing is for a larger business and industrial purposes, though it can also be used for commercial storage purposes when needed by businesses, nonprofit organizations or federal government contractors. If your company owns storage space but not the means to transport or manage inventory/equipment, you may need a full-service moving and storage solution provider to transport, store, manage, account, pack and ship the items within your storage space. Check and see if your storage solution provider can offer warehouse management for both their own and their customers’ facilities.
What Are Value-Added Warehousing Services?
In the world of commercial storage, value-added warehousing services are processes that help ensure accuracy and quality of inventory, as well as efficient transportation of the merchandise. These services increase the accountability and reputation of the business due to the efficiency and accuracy of order fulfillment. Some examples of value-added warehousing services include processes which facilitate transportation, labeling and assembly of items ordered by customers.
What Are Stock-Outs and Overstocks?
The world of commercial storage and warehousing requires careful management to ensure product quality and quantity. Inventory management is crucial to keeping a business running. Having too much stock, which is known as overstock, is not good for the business. The product has been bought and paid for by the business, but no profit is made until the customer actually purchases the product. Similarly, stock-outs have a detrimental effect on business. Running out of stock causes customer dissatisfaction, but worse is processing orders when item inventory is inaccurate and a customer purchases an out-of-stock item. Being able to keep just the right amount of inventory by lowering the probability of overstocks and stock-outs can actually reduce inventory costs for a business by 10%. Striking the right balance in purchasing is a key factor in the world of business, and trusting in the accuracy of your inventory management is an important component in maintaining that balance.
Commercial storage and value-added services have evolved significantly over the years. The world of e-commerce has created a new dynamic and heightened demand in the world of storage, shipping and receiving. Warehouse management, operations and systems all work together to keep the supply of goods moving in order to satisfy customers needs and produce profit for the organization. To satisfy your full-service commercial moving and storage needs, choose a local, reputable company that offers value-added warehouse services: Gibbs Contracting. Contact us today to learn how we can assist you.