Few aspects to look after when selecting a warehouse

by Ankita Sehgal Freelance Blogger, Lives in New Delhi

The unbelievable growth and development of the Indian industrial sector have brought up the requirement for methods that enable efficient functioning of all departments and verticals of companies in the industry. A firm needs to effectively and smoothly handle all its functions, because the failure of one department can ultimately stall the working of the other departments, affecting the entire firm and its working in turn. Proper management of goods by a firm forms the fundamental basis of its overall functioning and includes many things that need to be looked at. This includes a properly running warehouse and storage space which is enabled to handle the production of goods and services and also the storage of these goods that have been produced by the firm. Management of these warehouses spaces is an important issue for big companies, and therefore this issue needs to be given attention.

A warehouse may be developed by an industrial real estate developer or by the firm itself. These warehouses take care of needs like protecting and maintaining records of the company and its goods. Numerous reasons make warehouses a fundamental requirement for companies, like the fact that many companies face a time delay between production and supply of the goods in the market; which means that the goods need to be kept in a secure and protected surrounding for that time period. In case the demand for a particular type of good is low, these warehouse spaces provide storage for these goods and safeguard them from wear and tear until they are cleared to be delivered in the market when the demand has risen.

These spaces also provide unique facilities for goods which require special attention due to their seasonal nature. Due to this reason, industrial real estate in India has become a highly profitable sector which is home to a number of organizations providing top quality warehouses. It is important to keep in mind a few factors while selecting a warehouse. Prime importance is given to the size of the warehouse that is needed by your firm. Smaller sized organizations may require small warehouses, while many firms carry out production in the warehouse itself, giving rise to the requirement of a large amount of space for equipment and machinery, along with the labor and employees taking part in the manufacturing process apart from the storage space that is required. The efficient utilization of space is what should be given prime importance. Poorly managed storage spaces can make processes extremely chaotic, thereby disrupting the smooth functioning of the business. An important factor to be kept in mind is the nature of the business of the firm that is undertaking the construction of these spaces and that they are in line with the safety norms prescribed by the concerned authority. It is important to carry out sufficient research and scan through the various storage space providers for the type of services they provide, quality of their construction, and their completed projects as well. The organization should also take into consideration the safety standards of the warehouse. Emergency exits, water, and fire safety units, first- aid kits and areas, are some of the crucial safety norms that must be taken into consideration to avoid any possible dangers in the future. The safety of the workers should come first and must be given utmost importance for making any payment. A factor apart from the safety that is to be considered is the special needs of certain firms, that need to reflect in their warehouse space. Chennai has a large number of warehouses that are custom designed to satisfy the special requirements of such companies.