5 Tips for Saving Money in Your Warehouse

With the rise in inflation, warehouse owners and managers need to trim the fat from their expenses. Fortunately, making your warehouse more profitable relies more on solid practices than fancy gimmicks.

Give your warehouse an edge. Follow these five tips for saving money in your warehouse.

1. Buy Quality Discount Equipment

Buying quality equipment doesn’t mean you have to buy the newest or most expensive version of something. You can buy equipment at a discount compared to its true value. For example, you can purchase used rather than new containers. And there are many benefits of reconditioned forklift batteries, including greater affordability.

2. Perform Routine Maintenance

Maintain your machines and equipment to keep them efficient. Maintain your warehouse’s HVAC and refrigeration systems and change filters regularly. Set up a maintenance schedule with equipment vendors to avoid costly downtime, and keep the warehouse clean and organized to maintain safety standards.

3. Reduce Floor Space

Storing and organizing inventory smartly helps you pay for the floor space you need. You can do this by reducing aisle width and making the most of vertical space. Size your aisles based on forklift sizes. Store inventory in a safe configuration on tall and narrow pallet racks.

4. Save Energy

The next tip for saving money in your warehouse is to save on energy. It can take a lot of energy to light and heat a warehouse. Focus on efficiency.

• If you own your building, install skylights to reduce your reliance on overhead lights.
• Consider installing occupancy sensors and timers to turn LED lights on and off.
• Turn off equipment that’s not in use. If your warehouse shuts down for the night, have someone go through the building and make sure that all equipment is turned off.
• Seal gaps around doors, windows, and loading docks.

5. Avoid Damaging or Losing Inventory

Logically organizing inventory reduces the risk of damage and misplacement. Train employees to follow proper packing and storage procedures to avoid damaging or misplacing inventory. Also, your warehouse is stocked with valuable items, so protect against theft with a security system.