The Tray™ Issue #26 – End-of-Year Budget Strategy: How to Invest in 2021 Now
The 4th quarter (Q4) often signals the annual “use it or lose it” scenario at many companies.
We’re talking about your end-of-the-year (EOY) budget and if your various departments have funds left over that you need to spend, or rather, strategically invest. This frequently creates a stressful indecision scenario about what to use that remaining budget for.
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| Image Credit: 123rf.com / Elizabeth Engle. |
“The best way to set up and jump-start your 2021 year effectively, is to use your 2020 end-of-year budget funds to make a smart investment into next year that will create an automatic ROI for you,” said Mike Burskey, President and Founder of Shelving + Rack Systems, Inc.
When you have a facility location, such as a warehouse, distribution center, manufacturing, storage facility, organization, space efficiency, and optimization is key.
Time is Money
A return on investment (ROI) in both time and money is easily achieved by maximizing the use of space in your facility. Over the course of a year, your company pays the price if your facility is not optimized and organized.
Disorganization creates both a costly waste in labor hours of time, and creates a huge waste of money by not using your existing facility floor space effectively.
Opportunities exist in your facility to streamline your operation flow, automate processes, or upgrade your existing outdated storage solution, if you know what to look for.
Racking Systems: Simple and Effective
Optimized storage and retrieval allows your facility to become quick, easy, and more cost-efficient with use of existing floor space.
Here are just a few warehouse racking solutions to make a strategic investment in 2021 with your left-over budget from EOY 2020…
1. Backstop Beams – Offset Safety
2. Cantilever Racking
3. Carpet Rack
4. Carton Flow Racks
5. Die Racks
6. Drive-In/Drive-Thru Rack
7. Drum Storage Rack
8. Furniture Cantilever Rack
9. Mobile Racking Storage Systems
10. Over Dock Door Pallet Storage Racks
11. Pallet Flow Rack
12. Pallet Racking System
13. Pallet Rack Decking
14. Pallet Rack Hardware
15. Push Back Racking
16. Rack End Aisle Protectors
17. Rock Safety Products & Accessories
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A complete in-depth look at each of these solutions can be found here:
https://www.srs-i.com/rack/
January 1st, 2021 is just around the corner. These are just some strategic ways that you can spend, or rather invest, what remains of your budget prior to the year ending. Whatever you do, plan now to “use it, before you lose it” after December 31.
Contact us today to help show you how. Call us at 800-589-RACK, that’s 800-589-7225.
Cover Image Licensed from: 123rf.com / Suwat Supachavinswad.
