Choosing a Warehouse Location: 5 Critical Criteria to Consider
A strategic location is a cornerstone for any business. To leverage the benefits, one must consider the following criteria in any warehousing company in India for streamlined functioning.
Accessibility to major nodes
If your business relies on being able to move goods quickly and efficiently, then you need to be sure that your chosen location has good access to key transportation routes.
Inspect whether the warehouse is located near major highways or trade corridors. This will significantly reduce your cost of supply chain operations.
Also, consider the proximity of the warehouse to multi-modal transport. If your business ships goods interstate or internationally, you must ensure the chosen location has good access to these key infrastructures such as seaports, airports, and railways.
The warehousing facility in Chennai enjoys multiple transit options since the city lies across the coastal line with the most major ports.
Another crucial aspect is the proximity of the warehouse to your customer base. If you're shipping goods locally, it's not as critical that the warehouse be located near a significant consumption zone.
Availability of workforce and labour costs
When considering a warehouse location, it's essential to evaluate the availability of a qualified workforce in the area. The cost of labour can also be a deciding factor – you'll want to find a balance between an affordable workforce and one with the skills necessary to get the job done right.
Benefits and other perks should also be taken into account. Chennai is one such cost-effective industrial hub with lower employment costs.
Taxes and rent rates
Taxes can significantly impact your business’s financial health, so it's essential to research the tax policy of the location. Rent rates can also vary widely from one area to another, so getting an accurate estimate of what you'll be paying before signing a lease is vital.
Both taxes and rent rates can fluctuate over time, so it's crucial to stay up-to-date on changes in the market. By keeping these factors in mind, you can help ensure that your warehouse location is cost-effective and efficient.
Warehousing in Chennai has recently emerged as the most lucrative option due to comparatively low rental costs and better tax benefits.
Proximity to industrial hubs & environmental factors
Industrial hubs are the perfect centre for collaboration and conducting business. You can network with potential buyers, suppliers, and production companies. Proximity to the business epicentre will propel your company's progress.
A sense of trust and partnership is invoked when businesses are in proximity. This also optimises your trade operations & costs. Plus, this affiliation gives your enterprise credibility in the market.
In India, there are drastic differences in weather conditions, varying from state to state. Hence, you must be aware of the extreme climate in the area. For instance, Chennai is prone to heavy flooding during the rainy season. Hiranandani Industrial Parks, Chennai has incorporated flood-proof mechanisms such as–
Robust stormwater drainage system to withstand maximum rainfall.
Semi-paved areas are provided for water percolation.
Roof slopes are designed for quick water drainage.
This creates a sustainable and uninterrupted environment for your business operations.
Structure and layout of the storage space
With built-to-suit spaces, you can now customise your warehouse according to your business protocol.
1. Assess the type of products you will store in your warehouse. If you are storing large, bulky items, you will need wide aisles and high ceilings. If you are storing smaller items, you can get away with narrower aisles and lower ceilings.
2. Another factor to consider is the frequency of product turnover. If you have a high turnover rate, you will need to arrange your warehouse to allow quick and easy access to all products.
3. Ergonomics of your warehouse layout: ensure that your employees can safely and efficiently move around the warehouse. An ergonomic design will also help reduce fatigue and improve productivity.
Conclusion
The best way to ensure the assimilation of all the above parameters is to associate with reliable warehouse developers in Chennai. Hiranandani Industrial Parks is one such project located in the prime area of Red Hills, Chennai– one of the emerging industrial zones. They offer a built-to-suit warehouse for rent in Chennai, where you can customise it according to your business requirements. Visit their https://hiranandaniindustrialparks.com/ to get more insight.
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