Ensuring your warehouse operation is up to standard in terms of efficiency, productivity and safety requires regular investment, particularly when trying to remain competitive in your industry.
Unfortunately, making these investments with working capital is not always an option – and even when it is, it may not be the smartest use of your cash.
Did you know that the costs inherent in setting up or updating your warehouse can be financed?
Here is a guide to some of the most common warehouse projects financed through Bluestone and the potential benefits of choosing to finance over purchasing with cash.
Industrial flooring is essential in a warehouse environment for both safety and durability. Warehouse flooring needs to withstand heavy traffic and offer impact resistance against heavy loads to as well as stable pathways for warehouse vehicle traffic like pallet trucks and fork trucks.
It is also important to consider the energy efficiency of the lighting you install to minimise running costs and your operation’s carbon footprint, which is why many choose LED lighting. LED lighting can also provide a better quality of light which is important for health and safety as well as security.
The head space of a warehouse is often wasted space that could be utilised with the installation of a mezzanine floor. A mezzanine floor can provide additional storage space, production lines, office space, retail display, or more. Mezzanine floors are relatively easy to install and can be reconfigured in the future as your organisational needs change.
From pallet racking and shelving to partitioning, cantilever racking or external racking, finance can help you maximise your warehouse storage space and boost productivity and efficiency.
You can spread the cost of upgrading or investing in warehouse vehicles such as forklifts, side loaders, reach trucks, order pickers, and pallet jack.
Installing solar panels on your warehouse roof can have a significant impact on your bottom line and reduce your carbon footprint. By generating your own electricity using free, clean energy from the sun you can reduce how much fossil fuel-generated electricity that your organisation needs to buy.
A warehouse inventory management system – including the software and any required devices – can also be financed to supercharge to efficiency and profitability of your warehouse’ processes. It can do this by giving you enhanced visibility of your stock levels, where stock is located, where it came from and where it is headed in real time.
You can also manage workflows and communicate information more effectively, and potentially maximise your storage capacity. This has a knock-on effect not only on efficiency, productivity, and accuracy, but also on your customer service levels and profitability.
Renting a warehouse space is not always the most cost-effective or long-term strategy. If purchasing a warehouse is on your to-do list, taking out a commercial mortgage would not only provide the advantage of owning the building once the mortgage is paid and mortgage repayments could be cheaper than rentals.
Bluestone can arrange a commercial mortgage for you, as well as the finance for the internal fit-out and equipment.
Financing the cost of investing in your warehouse enables you to avoid large upfront expenses by spreading the cost via affordable, regular, fixed-rate payments.
This enables you to access what you need to realise your potential without compromise or delay, retain capital in your organisation, and budgeting for cashflow and growth becomes much easier.
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We pride ourselves on being specialists in the interior fit-out and warehouse industry, and with over 25 years of experience behind us, you can rest easy knowing you're in good hands.
We take a consultative approach to our relationships and making sure you have all the information you need, whether finance is the right solution for you or not, is important. Contact us today for a no-obligation conversation.
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