There are plenty of reasons why you may think it’s time to downsize your warehouse. It could be due to you needing more shop-floor space, or you may need to think about how much inventory you can carry. Whatever the reason, downsizing is a common business decision for many warehouse owners.

To do it properly, however, there are a few rules to follow to ensure the downsizing process is completed smoothly and efficiently. So, if you have been contemplating reducing your warehouse, here are some tips to get you started!

Clearance

The first thing you should do is to make sure you get rid of every piece of excess stock. Anything that is no longer serving a purpose or isn’t selling as well, can be sold at a clearance price. It’s far better to make even the smallest amount of money than to simply dispose of the products and allow them to go to waste.

Consider Your Shelving System

It may come as a surprise that downsizing may not always mean less storage. There are many ways in which you can rearrange your existing stock and storage systems to ensure everything can fit into a smaller space. What’s more, investing high-quality shelving could also make more room while simplifying your operations.

Self-Storage

One way to scale down your warehouse without losing stock is to temporarily place any excess stock in a self-storage unit. This is usually a cheap and easy way to extend your warehouse without modifying the facility. What’s more, self-storage units are a wonderful solution when a warehouse undergoes any type of renovation. It can securely hold your stock on a temporary basis while you configure your current warehouse space.

Stock Levels

You may also need to consider whether you actually need to maintain the current stock levels you keep or not. You may find that in some situations, you needn’t have so much stock due to the speed at which it sells. For example, if you normally buy 100 units of a particular item, but you only sell 20 units per month, you may want to consider buying perhaps 50 units to start off with and see how your warehouse benefits from the additional space.

Layout

Finally, you need to think about the layout of your warehouse. If you haven’t assessed the efficiency of your warehouse layout in a while, perhaps it’s time to do so.

Buy high-quality pallet racking with Monarch Shelving Ltd

With a range of high-quality new and used pallet racking available, Monarch Shelving Ltd can help you stock your warehouse. Get in touch to learn more about our products and services.