Self-storage vs. warehousing: Choosing the right fit for your business
It’s confusing to figure out storage options that suit your business. To make an effective and informed decision as to what you opt for, you have to understand the difference between the two storage types. Ideally, with the correct option, you will save time and money and have efficient inventory management.
Understanding self-storage solutions
Self-storage solutions are versatile, easy to access, and perfect for small to medium businesses. Units are available in an array of sizes, and you only pay for the space you use. Imagine having your stock available whenever you need it. With most self-storage units, you can come and go as you please (usually 24/7) to move your products in and out. Another advantage is the security features. In most cases, you’ll find security solutions such as CCTV cameras, secure locks, and gated access.
The benefits of warehousing
Warehousing, on the other hand, is the solution for larger businesses with big inventories. Warehouses are essentially large spaces available in square foot measurements. They’re ideal for storing a large number of products or bulkier items.
Warehouses often come with additional features, including stock management, shipping and receiving, and sometimes packaging. Space that will grow with your business – warehousing services offer you the space you require to grow your business.
Cost considerations
Another big difference when it comes to choosing self-storage or business storage units is cost. Self storage units generally offer monthly pricing based on the size of the unit. For short-term storage or seasonal storage, this can be cost-effective.
Warehousing services generally require more robust agreements, including longer-term leases. Still, you may find that the cost per square foot is less than self storage, making it a great solution for businesses that regularly require a large volume of storage space.
Flexibility and access
Self-storage units offer flexibility. You can have the space you need at the time — increasing or decreasing as required. For businesses that have inconsistent storage needs, this is key.
Warehouses are arguably less flexible as a result of longer leases and the commitment to a particular space. To counter this, warehouses do often offer more services and can cater to the higher volumes associated with these. For some small businesses (that have reasonably consistent inventory levels), it can be a worthwhile compromise.
Making the right choice
The better choice for you between self-storage solutions or business storage units will depend on your specific goals. Small businesses and businesses with varying inventory can benefit from self-storage with their flexibility and easy access, not to mention the cost.
Larger businesses with consistent, high-volume inventory may benefit more from warehousing. The other services and support, as well as the cost savings on the per square footage, may make it the better option.
Finding the perfect storage solution for your unique business needs
Ultimately the most important thing before choosing between self-storage solutions or warehousing is making sure you understand what the differences are. Take stock of your needs, that of the business, and the service and flexibility that are available to you.
With careful planning and consideration of your options, your storage solution can take you well into the future supporting your business and improving your operational efficiency.
