It might seem odd to think that spending more on bulk storage could save you money but it really can. If you’re a business owner who buys and sells in relatively small quantities then you could be missing out not only on savings, but on missed sales opportunities too.
The term bulk storage is where a warehouse offers a client vast amounts of space to store a large number of goods. Products are usually stored on standard pallets and stacked on the floor, although bulk storage is also great for huge volumes of loose materials or liquids which are kept in cylinders.
So how can spending more on bulk storage from your warehousing company save you money?
Buying and selling in bulk has plenty of advantages. When you buy goods or products in bulk from manufacturers, you open up the price per unit to negotiation and can reduce the cost on the overall shipment. Incorporate this with an affordable bulk storage solution and you can pass some of the savings on to your customers, hammering your competitors and increasing sales.
How economical is bulk storage?
In terms of space, bulk storage is one of the most economical options in a warehouse. Providing the products can take the weight, pallets can be stacked up on top of each other directly onto the warehouse floor without the need for specialist pallet racking which costs more to hire.
Bulk storage is also more cost effective in the long run as hiring larger areas of storage space per square foot will often result in special deals with your chosen warehouse. Combine this with other services offered by your warehouse provider and you could have a complete fulfilment service at a fraction of the cost.
Storing goods in bulk is also the best way to prepare your business for busy periods. Having large quantities of popular products ready to go during important sales seasons or holidays means that there will be enough stock to cover consumer purchases with fewer shortages. Fewer shortages means that customers won’t go elsewhere to buy what they need. Combine this with a real-time inventory management system and you’ll be able to keep up with customer demand better than ever before.