How Do You Liquidate a Warehouse?

warehouse liquidation

Sometimes, business plans change. You need to turn property into cash. Or you decide to move your business to another location. Before you can put up the warehouse for sale, you need to liquidate its inventory first.

Here are some ideas to speed up the process without sacrificing your revenues too much:

  1. Create Product Bundles

Product bundles are very popular among consumers. If you offer complementary items together – such as shampoo, hair conditioner and hair mask – with a small discount, the bundles will fly off the shelves. You can also put these bundles in gift packaging, helping clients find a present for their loved ones.

  1. Auction Contents Online

If you speed up the sale process, you can host an online warehouse liquidation auction for the entire lot of inventory. Many wholesalers are looking for good deals, as well as smaller retailers who want a bargain to help them improve their bottom line.

  1. Host Clearance Sales at the Premises

If you don’t want to deal with auction websites, you can organize a clearance sale at the warehouse. In this case, you need to offer attractive deals – buy one get one free, significant discounts, etc.

In the end, you may not recover the full value of the inventory. But any cash you can get is more than welcome to fuel your new business plans.

The Potential Hazards of Working in a Warehouse and How to Prevent Them

Preferred Equipment Company

Dangers can happen just about anywhere, but in a warehouse with a lot of different products, something is bound to go wrong, if the correct safety procedures are not observed. The following are just some of the hazards that may occur in a warehouse and some essential tips offered by Preferred Equipment Company representatives on how to counter them:

  1. Forklift accidents can happen at any time, and it’s very important to be prepared. If your forklift hasn’t been checked for technical issues in a while, it’s time to bring in an expert and get it done as soon as possible. Also, make sure that your pallet racks receive a thorough inspection as well, since any problem with structural integrity can cause an accident to go from bad to worse.
  2. Make sure you keep track of the maximum weight that your racks and shelves support. Also, keep track of the weight of products placed on the racks in bulk. In a large warehouse with a lot of different types of products all over the place, it’s easy to make a mistake and overload a rack, leading to some serious damage and a potentially dangerous accident.
  3. Keep track of flammable and dangerous substances that can lead to a fire or a dangerous spill. The proper placement of such items and substances can be crucial to avoiding a damaging catastrophe like a large fire or a biohazard spill that will require intervention from a spill cleanup service and halt operations for a significant amount of time.

What Should You Look for in a Great Warehouse Manager Candidate?

strategic rack removal

What is it that makes a warehouse manager truly great? While the job itself might not be as physically taxing as others, you’ll find that it holds a lot of responsibility as well as considerable pressure. So make sure that any candidate you find will have the following qualities:

  • The first thing you have to consider is that your warehouse manager will need to take responsibility for everything that goes on inside the warehouse. As such, they need to have leadership qualities and be able to mobilize workers, organize tasks and keep track of important safety regulations as efficiently as possible.
  • Attention to detail is definitely another good trait that a good warehouse manager candidate needs to have. For smooth operation, keeping track of the largest and smallest details like strategic rack removal and re-installation and employee training services might not only be generally important, but also very crucial.
  • Knowledge of newer forklift technologies and the use of sturdier and more advanced rack installations can also be a big plus. You’ll want someone whom you don’t have to train too long, especially regarding the safety considerations of working with tall racks and heavy forklifts.
  • Finally, make sure your candidate has good analytic skills and a creative approach to problem solving. Those traits may prove to be extremely essential when you’re dealing with a crisis situation.

Why Does It Matter to Keep Your Warehouse Clean During Rack Removal?

A lot of business owners consider that keeping their warehouse clean should be reserved only for inspections and to hold a certain standard when it comes to aesthetics. However, the practical aspects of keeping things clean can also be very crucial, especially when you’re thinking of moving your shelves and racking systems.

Warehouse rack removal workers

Rack removal is a very intricate process, and it typically has to be done manually. Warehouse rack removal workers disconnect bolts and clips to remove horizontal beams and then break down the entire structure of the racking system. In many cases, they will need to work at considerably heights which means that any oil stains or dirt present on the floor of your warehouse can end up becoming a potential safety hazard.

Cleaning the floor and the shelves thoroughly before the rack removal process will, therefore, be very essential to the safe completion of the removal. The areas close to your pallet racks, as well as those along and around the route of your forklifts should be checked and double checked before you call in your workers to remove the racks. Once everything checks out, the proper safety measures need to be taken to ensure that the entire process will go smoothly and be completed without a hitch.

Is It Really Worth the Cost to Buy Cheap Liquidation Pallets?

With the increased availability of online social media ads and affordable SEO services, people can get into reselling without having to spend a lot of money on renting an actual commercial space or buying TV ads. However, even though it’s fine to start reselling from within your home, you have to invest a bit more capital, if you want your profits to amount to more than just spare change.

Cheap liquidation pallets might be the answer for some. These pallets are essentially off-price goods you can buy from large retailers. While most of them are damaged items returned by buyers, many others are actually products that are in good working order, or that just have some minor damage associated with them.

Preferred Equipment offers storage solutions

Of course, while the best profits can be gained from restoring damaged items and selling them at a better price you don’t necessarily have to be a tech guru to benefit from buying liquidation pallets. Look at http://www.preferredequipmentco.com/ to determine details of this type of storage investment.

Some providers have different tiers that they sell, going from cheap, low quality items, to slightly damaged products that are a little more expensive, to surplus items that are commonly termed “overstock.” This latter option is considered to be most advantageous by experts, as they mostly involve good quality items that were pulled from the shelves typically due to the high demands of merchandising real estate.

What Should You Know About Rack Removal and Relocation?

When you’re moving to a new location, rack removal and dismantling can be a challenging task. As a business owner, you might want to relocate to a new city, expand and move one or more of your wares and racks to newer, larger warehouses with better facilities, or just reconfigure the current layout to allow for better movement and increased productivity. All these options require experienced rack removal and reassembly.

rack removal

Once you’ve removed all the items stored on your racks, it’s time to dismantle the racks themselves. This process has to be done very carefully because of the possibility of injury and damage, as well as the need to reassemble the racks later on in an effective way. Because warehouse racks are designed to be durable, the disassembly process has to involve careful consideration, and in most cases you’ll want to hire a team of experts to do it instead of tasking your own employees for the job.

You have to make sure that each element is removed safely and without sustaining damage. Then each part should be carefully labeled and loaded onto the right truck, while ensuring that it’s fastened securely so that it won’t be damaged during transit. Safe and efficient rack removal is essential not just for safety purposes, but also to avoid damages that could cost you a lot of money down the line.

How to Adequately Promote a Safety Culture in Your Warehouse

When it comes to warehouse safety, you can never be too careful. Workers can be affected by unsafe practices and faulty equipment, and it will ultimately be your responsibility to help them out if they do get injured. To avoid any unfortunate events that would hurt your employees and harm your business as well, adopting a safety culture in your warehouses should be among your top priorities.

warehouse and used equipment safety training

Proper training is the cornerstone of a safety culture. It’s important for all your employees to know the safety risks of the tasks that they are assigned to and for managers to keep in mind everything from the physical disabilities to any small psychological impairment or difficulty that a certain employee might have before assigning them to a certain task.

Preventive safety is highly essential as well. You’ll want to make sure that any safety risks are avoided as much as possible and that past issues can serve as practical teaching tools for training experts and supervisors, so that they and the employees they are responsible for will not repeat similar mistakes and use outdated, unsafe practices.

Finally, make sure that the used forklifts Denver equipment you buy is 100% safe and tested well before it is placed in your warehouse. A flimsy old rack or a faulty forklift has no place in a modern warehouse, and their structural integrity should be assessed by trained individuals each time they are put in use.

How to Make Your Warehouse Truly Efficient: 5 Steps to Get There

warehouse liquidation

Warehouse efficiency is a big thing these days, especially among fiercely competing large and medium sized companies. Consider the following five tips for making your warehouse truly efficient:

 

  1. Keep Things Flexible: From operations to storing items, handling inventory tasks and managing labels, warehouse work has evolved greatly in recent years. It’s no longer just about storing goods, but also about loading and unloading speed, accuracy in keeping track and managing items, and the ability to keep up with the changing market.
  2. Technology to Remove Errors: Do your best to implement new technologies and scanning tools to minimize human error and ensure that you can properly keep track of all your inventory.
  3. Use ABC Analysis: Also known as the Inventory Categorization Method, ABC Analysis is a method that places a hierarchy on your most valuable items assigning them to the “A-stock,” which is high priority, big ticket stock. A-stock will always have priority over B or C-stock, so you can make sure to always stock up on the most important items that are highest in demand.
  4. Worker Incentives: Let’s face it, warehouse work can be hard, and if you don’t care for your workers, you’ll find them quickly moving to your competition. Use incentives such as productivity-based bonuses to keep that from happening.
  5. Safety Culture: Respected warehouse liquidation companies insist that regardless of productivity, safety must come first. Creating a safety culture will ensure that your workers are more confident, decisive and productive, as their safety is ensured by accountable and skilled warehouse managers.

Important Things to Check When Buying Used Warehouse Equipment

warehouse management

When you want to buy warehouse equipment, purchasing it new isn’t always an option. Used warehouse equipment, however, can often be found at a great price and in fairly good condition depending on where you buy it from. Aside from saving you a lot of money, it can also ensure that you’ll be able to begin operations as quickly as possible without having to look too far.

The most important thing to consider when it comes to buying used warehouse equipment is durability and sturdiness. You’ll want to make sure that any racks and shelves you buy can withstand the weight of the items you want to store and that their structural integrity doesn’t have any crucial imperfections that could result in damaged goods or hazards for your employees. Used forklift Colorado suppliers emphasize that you should consider safety and practicality above all else.

For forklifts and other functional items, you’ll want to make sure that they work and that they don’t present any impairments that are particularly difficult to repair or expensive to manage. In many cases, you might be tempted to buy a newer, more expensive version of a certain piece of equipment, which might be available at a low price, but also requires “some” repairs. Make sure you consult a warehouse liquidation expert before accepting such offers, or better yet, go for the sure thing and aim for reliability and function rather than advanced features.

How to Save When Outfitting a New Warehouse

Outfitting a new warehouse is not an easy job, and the first things that can help you to save money in the process are calculating exactly your storage needs and optimizing the existing storage space.

You will need a warehouse software to identify those products that are the most popular and purchased, because you will have to invest in racking and other equipment necessary to group them smartly and make them as accessible as possible to reach their end goal.

Preferred Equipment Company

Preferred Equipment Company management professionals suggest that, if your business is new, you should also consider its future growth and match it with your space and equipment.

All these aspects may be a bit intimidating, but if you are worried about the money you will have to spend in the process, you must know that second hand equipment can be easily found and will likely be affordable for you. Used storage racks and other warehouse equipment are quite easy to inspect, so you do not have to worry too much about potential hidden defects. Besides, they are easy to install, because most of the parts come readily assembled.

Another way to save when outfitting your new warehouse is by opting for economical industrial lighting (led lighting systems).