Economic growth in the UK may have finally reached pre-recession levels, with forecasts for the remainder of 2014 now up to 3.2%. This is good news for business owners, although it does not mean that they can afford to take a relaxed approach towards spending and investing commercial capital. In fact, if your business is to consolidate recent success and capitalise on a buoyant economy then it is crucial that you take control of your spending and strive to save money wherever possible.
3 Ways to Optimise Your Existing Storage Space
Rather than investing in additional warehouse or storage space for your business, for example, it makes more commercial sense to make the most of your existing units and execute space saving changes. Consider the following steps towards achieving this goal:
1. Conduct a Thorough Stock Inventory
Historically, small or under resourced businesses struggle to perform regular stock inventories. This means that their warehouse or storage space can quickly become cluttered with unwanted or closed lines of stock, which take up valuable room despite boasting no resale value at all. With this in mind, your first step should be to conduct a thorough stock inventory of your warehouse, before removing any items that are no longer required. How you utilise these items is up to you, but the main thing is that their removal frees up some much need storage space.
2. Invest in Narrow Aisle Pallet Racking
There are also a host of affordable and purposeful storage solutions that can be used to provide a low-cost answer to your problems. Take narrow aisle pallet racking, for example, which is available from reputable suppliers such as Warehouse Storage Solutions and condenses standard pallet racking into a smaller and more compact area. When deployed throughout your entire warehouse, you can create significant space and create a clear opportunity for future growth and expansion.
3. Create a Viable Stock Management System
Once you have cleared unwanted clutter and created additional space in your warehouse, it is important not to rest on your laurels. More specifically, you should be proactive and implement a stock management system that is conservative and suitable for the scope of your operation. By minimising your stock holding and the amount that you invest in products for the consumer market, you can save money and ensure that your warehouse space does not become overly cluttered within a relatively short space of time.