Matching inventories to the ever-evolving demands is always an enormous challenge for retailers worldwide. Too little, and they miss out on the make-or-break opportunities. Too much, and they may hemorrhage their hard-earned savings in handling or storage costs. Either way, retail operators will have to deal with higher costs and lost revenues.
Ever since the pandemic has altered common consumption and production patterns, retailers are trying to figure out a way to remain profitable. To add fuel to the fire, optimal inventory level remains a moving target for most industries.
Numerous inventory management strategies are circulated to help retailers make wiser decisions regarding the goods they should keep on hand. However, very few strategists focus on the unique role material handling plays in softening the impact of inventory misfires.
According to experts at Hovair Systems, the right material handling equipment and strategy is an excellent way to expand the window of success between too many and too few goods. Keep reading to find out how.
#1- Material Handling Equipment Helps Optimize Warehouse Space
Storage costs are undoubtedly a significant reason retailers are urged to keep inventory levels low. Investing in the right tools can help you use the existing warehouse space more efficiently, allowing you to attain higher value-per-square-inch out of your warehousing money.
Consider adding industrial turntables, using ergonomic lift tables, space-saving air bearing kits, and other pneumatic tools that can improve the functionality of your warehouse cost-effectively.
#2- Cross-Docking Makes Order Fulfillment Easier
Breaking incoming shipments into outgoing orders with very little storage, or, better yet, storing no items at all, is known as cross-docking. Flexible cross-docking helps improve order turnaround times while significantly cutting down transportation costs.
For instance, shippers can consider consolidating less loaded shipments into full trucks to fulfill multiple custom orders at once. Workers will need to break down pallet loads to rebuild orders, but it’s a much more efficient and safer process, especially when using ergonomic equipment.
#3- Ergonomic Equipment Moving Systems Help Reduce Warehousing Costs Across The Board
#3- Material and load handling costs make up the major chunk of the total cost of holding inventory. Using strategies and tools to reduce costs can lead to reduced chances of occasional overstock periods impacting your bottom line.
Moreover, cutting-edge heavy load handling systems significantly help reduce accidents, injuries, straining, and human casualties. It means you’ll need to deal with relatively fewer insurance payments and labor costs.
Given the ever-shifting and complex nature of an optimal inventory level for retail operations, cutting shipping and inventory costs to a minimum is a wise decision. This is where material handling systems come into play.
Ergonomic equipment moving systems can help boost productivity in distribution centers are warehouses. By accomplishing various goals, it gets easier to cut total costs for logistics and storage.
Partner with Hovair Systems to Get Highly Efficient Material Handling Equipment
Hovair Systems will help you streamline the right material handling equipment that will provide you reap maximum benefits from your investment with greater safety, productivity, and equipment longevity.
Customers have been putting their faith in us for five decades because our company is licensed to work in the field. Our knowledgeable professionals have a deep understanding of how large weights function and move.
When you reach out to us, our experts can guide you regarding lifting & rigging equipment, air bearings, industrial turntable systems, air caster, air beams, heavy load carriers, air compressor tools, paper roll handling technology, automated guided vehicles, automobile turntables, commercial turntables, and other heavy load management devices, and weight management solutions.
Call or email us to learn more about our cost-effective heavy load handling systems.