Best Practice Guide for warehouse operators

Transcription

1 SUPPLY On-demand Warehousing Best Practice Guide for warehouse operators THE MARKETPLACE FOR WAREHOUSE SPACE

2 What s inside 1. On-demand Warehousing 101 Overview Getting Started Step 1: Start by signing up online... 4 Step 2: List your facility... 4 Step 3: Review our terms of service... 4 Step 4: Turn dead space into new revenue One-and-done legal contracts One contract; many customers... 5 Manage online A closer look at the technology Listing / Search... 6 Management... 6 Billing... 6 Reporting Scaling-up Add more warehouses... 8 Expand your capabilities... 8 Keep in touch with FLEXE See how others do it $500K in new revenue... 9 Slow season revenue boost... 9

3 1. On-demand warehousing 101 You have extra capacity When your warehouse has extra capacity that is dead capital, FLEXE will help you fill the space and generate revenue. You join FLEXE s network and we add your space on the marketplace for others to find. Companies search by location and need Companies in need of space enter their specific needs (space, capabilities and location) and search the marketplace for a match. FLEXE connects you with the right partners Once a match has been made, FLEXE will work with both parties to make sure it s a good fit and ensure a successful partnership. Technology wraps it all together FLEXE s cloud-based system supports each project from load scheduling and processing through to billing. 3 of 9

4 2. Getting Started Step 1: Start by signing up online Sign up online: at After signing up you will receive an confirming your address. Please click through the to take the next step. Step 3: Review and accept our agreements Terms of service en logged in, go to the dropdown in the upper-right hand corner of the screen and look for Terms of Service. This will bring you to a page where you can review and accept our Terms of Service. Quick conversation with our operations team You will receive an from our operations team to schedule a quick conversation and finalize details. Review and Approve the Warehouse Service Agreement (WSA) Step 2: List your facility List your facility following the prompts provided. If you can t answer every question that s ok - we can finalize the details later in the process. After your operations call you will be granted access to our WSA, which is the agreement that governs the operating terms between you and any customer you service through FLEXE. Step 4: Start turning dead space into new revenue Once you re in the system, we will send you projects to drive new revenue for your business. 4 of 9

5 3. One-anddone legal contracts One contract; many customers One contract allows you to work with any customer FLEXE brings to your business. Through FLEXE s contracting process, all shippers and warehouse partners sign and acknowledge the same set of terms & conditions. Partners (shippers and clients alike) that go through FLEXE s one-time, up-front contracting process are free to do business and transact with any and all partners within the FLEXE marketplace. Managed online We aim to take the never ending back and forth of redlines out of the equation. All contracts are managed and reviewed through our online portal, and can be signed/accepted with the click of a button. Scope and pricing exhibits are managed at the reservation level, and get reviewed by both parties online before agreeing to move forward with live operations. 5 of 9

6 4. A closer look at the technology FLEXE generates demand for your warehouse space and provides the technology to run the business. We built a cloud-based, WMS lite system to handle all of the receipts, inventory management, outbound shipping and billing. Listing / Search Your space is listed in the cloud-based platform and searchable by potential customers. Management Everything is managed on one dashboard. Supply partners can easily and quickly process incoming orders and track customer inventory. 6 of 9

7 Billing All billing is handled through our platform. Reporting All the details about your customer s inventory can be seen online. You and your customers can track inventory levels and see a complete inventory history. 7 of 9

8 5. Scaling-up Add more warehouses Once you are a part of the FLEXE warehouse network, it s easy to add warehouses and grow your revenue potential. Expand your capabilities Keep in touch with FLEXE Let us know how you re doing and keep us aware of upcoming peaks and valleys. By staying in touch regularly and keeping us informed, our team is better equipped to market your services and help you proactively plan for future needs. There are a variety of ways to increase your revenue by expanding your warehouse capabilities: Carton fulfillment if you are only offering pallet storage today, what would it take to do carton fulfillment? In Action: Many of FLEXE s supply partners have added racks to double their revenue potential and some have invested in creating FLEXE-dedicated warehouse sections to streamline the management of multiple clients. Floor storage consider putting in racks and you can handle more products. 8 of 9

9 6. See how others do it $500K in new revenue One of the world s leading document storage companies leveraged on-demand warehousing to build a new business model around e-commerce product fulfillment. Last year, it brought in $500,000 in additional revenue. Next year, it s predicting it will bring in upwards of $4 million. Slow season revenue boost An international wholesaler of novelty holiday goods put 400,000 SF of its warehouse space on the FLEXE marketplace to help regain revenues during non-peak seasons. It earns around $0.75 per square foot monthly, storing pallets in its fourhigh racking system and providing related materials handling services. $500,000 in additional revenue was brought in through the FLEXE network Revenue boost in slow season $4 million in additional revenue is expected for next year(revenue boost in slow season) 400,000 SF of warehouse space is available on the FLEXE network $0.75 per SF / month is earned storing pallets 9 of 9

10 See our blog, success stories and inquire about becoming a FLEXE warehouse partner at THE MARKETPLACE FOR WAREHOUSE SPACE sales@flexe.com