How to improve your business storage capacity

The more stock a business has to sell, the more profit it can potentially make. It is a core principle of business that ties into supply and demand. If there is enough supply to meet this demand, there will be no potential revenue lost, which is why storage capacity is of the utmost importance to product orientated businesses. This article explores a few ways in which a business can improve its storage capacity.

The last thing a business wants to do is to tag a ‘sold out’ sign on to a popular product which is flying off the shelves. The problem is that storage space is highly sought after and can be quite difficult (or expensive) to get hold of.

But there are ways around this unfortunate truth. The answer to storage issues doesn’t always have to be ‘buy another warehouse’…

Repurpose existing structures

Whilst large warehouses are the go-to for many business storage needs, there are alternatives out there which can be used creatively to afford businesses the space they are in search of.

Shipping containers, for example, are large solid structures which, with a few refinements, can be made stacked and converted into a more than passable replacement.

Not only is this a clever use of existing space, but it can also save a lot of money and effort in locating and acquiring a new warehouse facility – a cost effective and creative answer to a familiar problem for logistics managers.

Digitize documents

We’re now in 2020, a year in which the world has embraced technology for decades. However, there are still businesses out there (and government departments) that are still working on purely paper-based systems.

Whilst also being incredibly inefficient, these stacks of paper take up precious storage space, especially if record taking has been going on
several decades.

By converting your documents to a digital equivalent, you will not only find that your processes run at a much faster rate, but you will free up lots of space for more important items.

Whilst this is a potentially heavy initial investment, it is one that has to be made in order to modernise a business.

If there are any worries surrounding potential data loss in a digital system, there need not be. Thanks to cloud computing and highly competent backup systems, digital documentation has never been safer.

Make the most of vertical space

Don’t build out, build up. It is the same thinking that inspired the skyscrapers of the New York skyline, but adjusted for stock capacity purposes.

Adding extra storage shelves and making the most of vertical space can save having to invest in further storage facilities.

Of course, this needs to be done safely and securely, which will take a little bit of investment, but is a small price to pay for benefits received out the back of this move.

Ideally, tall storage units should be installed from the get-go, in order to save from having to replace shorter models at a later date.