How to Prioritize Your Warehouse Space – Whether You Rent or Own
Purchasing commercial property is considered an investment. This is a type of real estate, and is also known as income property or commercial real estate. The profit that can be made from purchasing a property is primarily made from capital gains or rental income.
Average American warehouse unit size
Despite being one of the world’s most densely populated countries, the United States is also home to the smallest average American warehouse unit size. The average building is about 180,000 square feet, compared to the UK’s 2.4 million sq. ft. The average American warehouse is 40% larger than it was twenty years ago.
This trend has a lot to do with the e-commerce boom, which has led to increased demand for warehousing space. The top 10 American warehouse states include the usual suspects, including California, Illinois, Texas and Pennsylvania. New Jersey ranks only eighth in terms of square footage.
However, its proximity to the metropolitan area has helped it rack up the most Amazon warehouses of all the states. The state’s two new warehousing locations will add almost a million square feet of space, doubling the Amazon presence in the state.
It’s not hard to see why. The state’s population is a mere 1.8 million people, which is a drop in the bucket compared to the tens of millions of consumers who live in cities like New York, Los Angeles, or San Francisco. The state’s lack of modern logistics facilities has also left room for expansion.
Floor drains for every two bays
Whether you are in the building business or simply the owner of a single family home, floor drains are a must. A clogged floor may prove to be hazardous to your occupants and the environment in general (https://www.cdc.gov/nceh/publications/books/housing/cha09.htm). Fortunately, there are plenty of companies that specialize in the installation and maintenance of such systems.
In addition, the right materials can last a lifetime, so you won’t have to worry about your floor dripping water in the middle of the night.
A floor drain can be found in almost any type of finished flooring, from concrete to hardwood. The most common applications are the wash bays and storage areas where liquids are kept. These drains need to be oiled or vacuumed on a regular basis to avoid mold, mildew and the like.
As a result, they can be quite expensive, especially if you don’t have the cash on hand. There are plenty of floor drains on the market, so it pays to do your homework and research the options before you invest your hard-earned money.
The most important thing to keep in mind is that your choice of floor drain must be compatible with your existing floor covering. The best way to go about this is to consult with an expert in your field. This will also ensure that you end up with a floor drain that lasts for the long haul.
Prioritize based on SKU’s combination of each element
Using a prioritization matrix is a good first step in establishing an actionable hierarchy of importance which you can read about here. However, there are many different methodologies and technologies available. Depending on the company’s size and the project’s objectives, you may want to consider one or more approaches.
A prioritization matrix can be implemented as a stand-alone tool or as part of a larger backlog management solution. The most important thing to remember is that it’s not a be-all and end-all, and it should be used in conjunction with other best practices. For example, the matrix should be run past as many relevant eyes as possible.
The same applies to the resulting ranked list. For this reason, the prioritization process is a highly collaborative process. This is especially true if you’re working with external stakeholders or customers. The process is best suited for concrete solutions rather than abstract concepts.
Security
Having a secure warehouse can save your business money and reduce the costs of replacing stolen goods. Having a strong security policy can also protect your employees. Warehouses are a major target for theft and vandalism.
The United States alone has experienced an increase in theft, which was 13.3% in 2016 compared to 2015. Businesses in the country lost $114 million in 2016, compared to $100 million in 2015. It is vital that your rentable warehouse space has access control systems installed. This will allow only authorized personnel to enter the building.
Warehouses should also have CCTV surveillance systems. These cameras provide 24/7 monitoring of the area and can serve as a deterrent to criminals. They can also be used to monitor internal and external activities.
Another important aspect of warehouse security is the layout of the facility. In addition to the perimeter of the building, a good layout will help ensure that the fire exits are well-lit and properly manned.
