Advantages of Multiple Warehouse Facilities for Your Business

by Kristen White Blogger

It is generally easier to manage one warehouse, especially for a small business. However, as your business grows, you will see the need to set up many warehouses in multiple locations. Having a warehouse in Navi Mumbai is one way of ensuring that your inventory can be shipped all over the country.

As a small business, you are likely going to experience a lot of challenges especially when it comes to inventory supply management. Setting up a warehouse in Navi Mumbai is a strategic move to your profit creation. Although benefits accrue to a business with a single warehouse, you will realize that there are several benefits of spreading your warehouses to multiple locations. Here are some benefits of storing your inventory in different warehouse locations with the help of top logistics companies in Navi Mumbai.

Timely Shipping

Customers in the modern world are used to efficient and timely shipping. Having your inventory spread across several warehouses ensures that your customers receive your products as quickly as they want. Choosing a warehouse in a strategic location ensures that you reach your customers as soon as they need you.

Save Cash and Gain a Competitive Advantage

Having your products set out in several locations reduces the distance you have to cover, therefore saving on extra costs. This gives you a strong advantage over your competitors.

Spreading the Risk

It is a common saying that you shouldn’t “keep all your eggs in the same basket” By doing so, you are exposing your business to many risks. There might be a disaster such as flooding, earthquake, snow or floods. If any of the potential hazards above happens your business might be at risk, especially if all your eggs are in the same basket. Furthermore, setting up your warehouses in different locations ensures that you have a few supplies to last a couple of days when there is a disaster.

Supply Chain Efficiency

It is quite expensive to maintain more than one warehouse. However, having many warehouses in different locations ensures that your businesses operate with the utmost efficiency. The secret lies in ensuring that your sales volume increases significantly to cover additional expenses.

For example, consider the supply chain management of Amazon, it is the most sophisticated supply chain for a business in the world. Having a single warehouse, on the one hand, can also be very expensive. This is because there are many bottlenecks that you need to check concerning packaging and shipping costs.

Future Growth Prospects

As your business grows you need to scale your operations to accommodate the growth. This means that you will need to expand production as well as service delivery. An increase in inventory signals more storage space. The most ideal choice for companies in such a predicament is to hire a qualified service provider. However, for this to work, you will need to pair up with the best and most qualified logistics partner in the market. At the end of the day, your business growth depends on how fast you can ship products to your customers. The faster your ship, the faster you grow.