How much space could you save if you didn’t have to store surplus parts at your facility?
If your company is placing large bearing orders and storing these products at your facility, then you are occupying valuable production space that could be used to help with other production-related tasks.
When you work with Ritbearing we help free up that space by offering warehouse storage and just in time delivery. Ritbearing has over $4 million dollars of bearings on the shelf, with product placed in our strategically located warehouses. If you’ve ever looked into the cost of running a warehouse, it’s more complicated than it seems. We work hard to streamline the processes and deliver you your top-quality product right when you need it.
Our Original Equipment Manufacturer (OEM) customers have realized improved inventory management as Ritbearing works closely with procurement specialists and other management staff. We make every effort to align our inventory in the Unites States for the benefit of both OEM and Ritbearing. Long term relationships with OEM customers have proved Ritbearing to be a valuable supplier.
As your partner, we will keep up with all the warehouse functions and help you improve inventory management through warehouse storage and just in time delivery.
TYPICAL WAREHOUSE FUNCTIONS
- Receiving & Checking Inbound Goods
- Internal Product Movement
- Stock Sortation
- Stock Rotation
- Loading & Shipping
- Cycle Counting
- Handling Returns
- Maintenance & Loss Prevention
WHAT DOES IT COST TO RUN A WAREHOUSE?
We’ve made a list of the costs that are essential to consider.
- Monthly Rental
Include monthly rent as well as calculate areas that will be used as aisles & staging (about 30% of the space).
Rental & utility deposits
- Racking (if any)
This could include security personnel or a central monitoring system.
How many will be used in the warehouse?
Cost of any forklifts and pallet trucks needed.
- Management & Staff
Includes hidden costs like benefits, social security, payroll, etc.
- Stock Losses
- Fuel Equipment
- Wasted Space