Protecting stock from theft or damage is crucial to any business plan. In 2020, it was reported that UK retailers lost approximately £ 4.4 billion as a result of inventory shrinkage. By investing in high-quality, secure warehousing, businesses can save money and resources.
Few businesses can afford to lose stock through theft or damage, so it is vital to get a solid plan in place for storage and distribution. Whether your company has its own storage facility or whether you use third-party warehousing, it is important to get it right.
Why is secure warehousing critical?
Stock is important to many British industries. Whether they are retailers or manufacturers, holding stock is necessary to keep business moving. A company's stock holding is one of its most significant expenses, so taking the time to get your warehousing right makes sense.
We take secure warehousing seriously, so we've looked at some of the reasons why getting it right is so important.
Today's increased level of threat
With the increasing threat of vandalism, theft and other security breaches, it is essential to get a robust security plan in place. Every business is different, so a bespoke plan to protect your stock is a must.
The development of online shopping
Over the years, online shopping and e-commerce have become more prevalent. Even in the last couple of years, since the COVID pandemic, more and more customers are shopping on the Internet.
As a result of the influx of online shopping, there has been a need to increase warehouse requirements. Warehouses must now deal with the increased demand for additional space and fast, efficient operations.
More criminal technology
Advancements in technology have undoubtedly made it easier for many of us to get work done and go about our daily lives. However, these same progressions in technology have also made it easier for criminals to breach security systems.
Warehouse operators need to ensure that they are keeping on top of the latest developments in security to keep criminals at bay.
What measures should secure warehouses apply?
Whether you are operating your own warehouse or using an external warehousing facility, there are a few things you need to consider. To be really secure, your storage facilities should have a comprehensive plan involving many component parts.
Secure perimeter fencing
The first line of defence at the most basic level is secure perimeter fencing. Robust fencing establishes a physical boundary that prevents unauthorised access and acts as a visible deterrent to potential intruders.
Physical presence with security guards
Employing trained security personnel to maintain a physical presence in your warehouse is instrumental in preventing theft and damage. Security guards act quickly to respond to any suspicious activity.
Up-to-date security systems
Investing in up-to-date security systems, such as detection alarms and CCTV cameras, boosts the overall security of your warehouse. These systems provide real-time monitoring and help to provide evidence should you need it to identify potential culprits. Having visible security equipment also acts as a deterrent to would-be thieves.
Lighting and cameras
A well-lit environment, both inside and outside the warehouse, reduces hiding spots for thieves and increases visibility. Strategically placed cameras provide comprehensive coverage and serve as a valuable tool for monitoring activities and investigating incidents.
Access control to buildings and site
Restricting access to specific spaces within the warehouse helps reduce any potential risk. Putting physical restrictions in place means that anyone, whether they are staff or visitors, is only permitted on site with the relevant authorisations. By employing entry rights helps limit your risk and makes access more traceable.
Warehouse Management System (WMS) and inventory checks
Adopting a robust Warehouse Management System (WMS) helps accurately track your stock. If your stock levels are properly maintained, discrepancies are identified quickly. In addition, regular inventory checks and audits help detect any inconsistencies or missing items early.
Trained vigilant staff
Training your warehouse staff on the latest security protocols and best practices means they'll recognise suspicious behaviour. If you invest in their training, your team will be able to report any unusual activity and handle it quickly and efficiently.
The benefits of protecting stock
You'll obviously want to protect your commodity, but let's look at the benefits of ensuring your stock is held securely.
Reduced material costs
Securing your stock from theft or damage ultimately saves your company money. Minimising any wastage or shrinkage means that your business does not have to replace stock, which can be costly.
Reduced insurance costs
Implementing robust security measures demonstrates your company's commitment to risk mitigation, which can lead to lower insurance premiums. Insurers see businesses with comprehensive security measures in place as a lower risk.
Protecting your stock not only has financial benefits but also enhances your company's reputation. By taking security seriously, you instil confidence in your customers and suppliers, which projects a trustworthy image.
Prevent stock damage to stay profitable
Theft is just one area of shrinkage. Your stock needs to be protected from damage, and your warehouse operation requires you to treat products and materials with care.
A maintained warehouse
Looking after your premises helps to keep stock clean and dry. A well-cared-for building also helps with pest control, which can lead to damaged stock.
Make sure your staff are trained in handling and care to reduce the risk of damage to staff or products. Also, ensure that your forklift truck drivers have their licences and training up to date to avoid any unfortunate accidents.
Secure warehousing in Immingham
GWS are proud to say that we have a passion for your product. Our warehousing and external storage are monitored around the clock by trained security staff and the latest technology.
Not only are our premises monitored by staff and CCTV 24/7, but we operate with a state-of-the-art fire detection system to protect your goods from fire risks. We also have the latest cloud-based WMS to help you keep control of your stock.
If you have any questions about our warehousing facility or need assistance with your stock handling, we are here to help. Get in touch with a member of our friendly team today.