Whoever you are and whatever you sell, there are always significant costs involved in storing, prepping, managing and shipping your stock upon a completed sale.
However, retailers large and small up and down the UK often spend unnecessary sums on hiring in-house staff to assist with order fulfilment and stock management, while hiring an external company to deal with such issues is often far easier on the company wallet.
Specifically, in the North of England, retailers have an abundance of experienced third-party fulfilment and storage firms to do business with. When it comes to warehousing Blackburn, Preston, Bolton and Manchester as a whole have plenty to offer businesses seeking affordable and reliable warehousing services for their stock.
With this in mind, let’s take a look at why retailers can almost always save money by partnering with the right warehousing and fulfilment company.
How UK retail businesses can become more cash-efficient by choosing warehousing and fulfilment solutions
Reduced labour costs
Paying someone a full-time or even part-time salary is expensive and it’s something businesses should seek to avoid if they’re trying to save as much money as possible.
But with the average salary for labourers involved in stock storage and management being upwards of £20,000 per year in the UK, not only could it be expensive for businesses, but it could even be untenable.
However, all of this financial pressure is alleviated by working with a professional warehousing entity.
By handing off the storage, management and/or fulfilment needs of your stock to a company such as this, businesses need only pay for the services required as and when they’re needed, potentially saving a fortune.
Increased room for growth
As businesses expand and become more popular with consumers, the demand for their products increases.
At first glance, this is a dream come true, until realisation sets in that a business may not have the necessary space or manpower to deal with stock in larger figures.
Enter warehousing and fulfilment solutions. The added space provided by warehousing companies can be a godsend for businesses that are still stuck in premises that are too small for their rapid expansion.
Plus, these companies are home to trained, experienced staff who aren’t just able to handle huge stock figures, but who are also well-versed in storing such stock properly to ensure it does not become damaged and is ready to ship out at a moment’s notice.
Speaking of which…
Reduced lost or damaged stock
Damaged stock can cost small and large businesses a lot of money every year and is often the result of poor management of stock due to overcrowding or inappropriate storage conditions.
On a small scale, with only select items being affected, this might not be a big issue.
But when many pieces of stock are affected in the same way, it could represent massive amount of lost profit.
To make matters worse, stock that is often stored inappropriately on a business premises or clearly on show is prone to burglary which, if it occurs, could cost retailers in both lost stock and damaged property – a nightmare on all fronts.
Whereas by choosing to store stock with a trustworthy warehousing company, retailers can keep their precious stock out of sight, out of mind, and in the safest of hands.
Explore reliable warehousing and fulfilment services for your UK business
If you’re an enterprise on the rise and want to avoid some of the pitfalls mentioned above, it pays to work alongside reliable warehousing and fulfilment experts who work on your behalf to store, manage and ship your stock, keeping your operations running at full speed.
