industrial real estate: Commercial / Industrial Warehouse Set-Up: 5 More Common Mistakes - 09/09/18 11:46 AM
Finding Your Ideal Commercial / Industrial Building - Part X
 
 
Welcome back for your newest installment!
5 More Common Mistakes When Setting Up A New Warehouse
 
In the last post (Part IX) we talked about 5 common mistakes people tend to make when setting up a new warehouse. The five we talked about were:
(1) Incorrect equipment
(2) Ignoring technology
(3) Concentrating on square footage rather than cubic space
(4) Planning for the wrong amount or type of inventory
(5) Seasonality effects
 
 
That said there are some other common mistakes in warehouse set-up that we thought to touch upon before moving onto other topics: Following are 5 additional issues … (0 comments)

industrial real estate: Commercial / Industrial Warehouse Set-Up - The 5 Common Mistakes - 01/30/18 11:31 AM
Finding Your Ideal Commercial / Industrial Building - Part IX
Welcome back for your newest installment, The 5 Common Mistakes of Warehouse Set-Up.
Continuing from the previous post, locating an ideal commercial/industrial building in your preferred geographical location is a large part of the challenge. Once selected, then its set-up and efficiency of operations come more fully into play. Some additional words on that subject are offered in this post.

When an organization is setting up a brand new warehouse or re-organizing an existing one there are many questions (strategic & tactical) that need to be addressed. Some of the questions are relatively … (4 comments)

industrial real estate: Commercial / Industrial Properties - The 5S Keys to Success! - 11/04/17 07:53 AM
Finding Your Ideal Commercial / Industrial Building - Part VIII
Welcome back for your newest installment, the 5S keys to organize your new facility!
Locating an ideal commercial / industrial building in your preferred geographic location is a large part of the challenge. Once selected, then its set-up and efficiency of operations come more fully into play. Some words on that subject are offered in this post.
 
 
Start with a proven organizational framework, so long-term benefits can be realized!
Introducing Pre-emptive 5S
 
“Consistency with the right strategic plan is the ultimate key to success. Yesterday's action would never make up for today's procrastination.”
Edmond Mbiaka
 
What … (2 comments)

industrial real estate: Tired of Warehousing Issues ? - 09/22/17 02:14 PM
Finding Your Ideal Commercial/Industrial Building - Part VII
Welcome back to the next part in our series! Warehouse Layout and its impact on site selection.
 
One of the most important areas to any business is its warehousing. Whether you are talking about a typical warehouse, a stock room, or just a cabinet for office supplies, proper control and replenishment of your inventory is critical to the success of your business!
 
Sadly, warehousing is also one of the most overlooked areas. Most businesses have spent the last several decades trying to optimize their production area, the front office, the back office and customer service. But … (0 comments)

industrial real estate: Production Flow and its Importance - 08/27/17 05:25 PM
Finding Your Ideal Commercial / Industrial Building - Part VI
 
Welcome back to the next part in our series!
Production Flow and its impact on site selection are discussed:
 
On-time and high quality orders are essential for profitable manufacturing; this requirement demands well-organized and planned production operations. Material inventory layout and equipment capacities are all analyzed to optimize the production processes. That said, we all know that changes and rush orders do occur, raw material deliveries get delayed and equipment does break down unexpectedly. All this creates real-time adjustments even when an operation has a good plan in place!
 
Lean, Six Sigma and 5S: Lean … (0 comments)

industrial real estate: Infrastructure / Accessibility - How Important is it? - 08/17/17 10:54 AM
Finding Your Ideal Commercial/Industrial Building - Part V
Welcome back! Infrastructure / Accessibility and its impact on site selection are discussed:
 
 Accessibility Can Make or Break Your Business!
No matter what type of business you are in, infrastructure and accessibility are critical considerations. There are many accessibility considerations that are similar between business types. Some examples of these similarities would be:
Can your customers find you?Is parking required and, if so, is it available?Are there people available to hire with the skills you need?Can you get product into and out of the building easily?Is the square footage sufficient for the purpose?How much can the business … (0 comments)

industrial real estate: Cost – Is it the most important factor in buying? - 07/12/17 06:27 AM
 
 
Finding Your Ideal Commercial/Industrial Building - Part IV
Welcome back! Here we discuss cost and its impact on your choice:
 
Assuming you either had the funds or could get reasonable financing terms – and a good return, would you invest it in a business you controlled?
 
 
We all know how little we get on money parked in the bank plus we are even taxed on the meagre interest it earns! Now take that same money and invest it in a product or service that you believe in, directly control, and that enjoys business tax deductions – now we’re talking!
 
Additionally, real estate over time tends … (0 comments)

industrial real estate: Size Matters! - 06/23/17 11:32 AM
Finding Your Ideal Commercial/Industrial Building - Part III
Welcome back! Here we discuss size and its impact on your choice:
 

Size does matter!
 
Why?
Economy of Scale (ES): It is assumed that as firms increases in size, they can become more efficient. The greater the quantity of goods or services produced, the lower the per-unit fixed cost because the start-up, operating and overhead costs are spread out over a larger number of goods. So as a company grows and production units increase, they will have a better chance to decrease their unit costs, and so, more rapidly grow their bottom line.
Local / Regional Political … (2 comments)

industrial real estate: Location, Location, Location! - 06/08/17 12:10 PM
Finding Your Ideal Commercial/Industrial Building - Part II
 
Location-Specific Advantages (LSA’s) enable a company to improve its bottom line and rate of growth by strategically finding the optimum place to operate as compared to other locations.
 
 
We always hear the same phrase associated with real estate. “Location, Location, Location.” It may be a cliché but all clichés have some basis in reality and this one is no different. The location of your plant will affect your business, positively or negatively, for however long you are there. In addition, how it affects your business can, and probably will change over time. The location will … (2 comments)

industrial real estate: Finding Your Ideal Commercial/Industrial Building - 05/16/17 08:09 PM
Whether looking for a new or existing industrial plant, warehouse or commercial building, the key requirements are mostly the same:
 
Distance to Market / Location:
 
 
Size (matters!)…
 
 
Cost…
 
 
 
Skilled workforce…
 
 
Infra Structure / Services
 
 
 
This is the first in a series of blog posts about the search criteria, evaluation and selection process. The achievement of your goal also rests on what is important to you both now and in the likely future. What can appear to be a small factor now may, over time, grow to be a major issue. The better you can define your needs and desires, the more likely you are to … (4 comments)

 
Edward Drennan, Serving the Oakville, Ontario Area (Century 21 Miller Real Estate Ltd.)

Edward Drennan

Serving the Oakville, Ontario Area

Oakville, ON

More about me…

Century 21 Miller Real Estate Ltd.

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