A warehouse is a crucial investment for every business. It’s not just about having a garage or a home workshop; finding efficient storage solutions is essential for industries and logistics too. But if you’re a newbie or looking to optimize your existing warehouse, you’ll notice that costs and budgets aren’t what they used to be. Don’t worry, though!
In this guide, we’re diving into the latest and greatest in pallet racking systems. We’ll explore costs, types, and installation, making it easy for you to navigate the options in 2024. From budgeting to picking the perfect fit, we’ve got your back!
4 Factors Cost Waste in Warehouse Management
Efficient warehouse storage management presents several challenges. Understanding these will help you choose the right racking system:
Space Optimization: How do you maximize the space available? An effective racking system can greatly increase the storage density, making every square foot count.
Inventory Tracking: Is your inventory getting lost in the shuffle? A poor layout can lead to misplacement and clutter, causing potential losses.
Safety Hazards: Are your employees at risk? Inadequate racking systems can lead to accidents, such as falling pallets, which can be detrimental to both safety and productivity.
Aging Infrastructure: Is your system outdated? Old equipment might not meet modern safety standards, leading to expensive upgrades or renovations.
Recognizing these challenges can guide you toward the right warehouse racking solutions.
The Cost of Different Racking Systems
When considering racking systems, costs can vary significantly based on type, design, and materials. Here’s a breakdown of the most common types and their price ranges.
| System | Description | Cost per Pallet Position* |
| Selective Racking | Most common type of racking. FIFO or LIFO Manage System Available Easy to access pallets Limited value-added features | Roll formed selective pallet rack: $50 Structural selective pallet rack: $75–$100 |
| Double Deep Racking | Four Selective Rack rows placed by 2 position. LIFO system for store products that are picked in the reverse order they were received. Requires forklifs for retrieving pallets | Double-deep pallet racks: $80–$200 |
| Drive-In Racks/ Drive Thru Racking | High-density storage available. Forklifts drive through aisles, and load and retrieve pallets from the same point. LIFO Few aisles maximizes warehouse space | $115-$140 (depending on rack depth) |
| Push-back Racking | “Vending machine” storage. Pallets are loaded into the back of the rack, and slide forward when pallets are removed from the front. FIFO Designated front and back sides of racks reduce the aisle space needed Best for food/beverage storage | Push back pallet rack: $150–$300 |
| Live Storage Racking | Similar to Pushback Pallet Racking, but includes a system of sloping rollers or conveyor belts for carton flow. Pallets are loaded at the elevated end, and gravity rolls each pallet down as other pallets are removed. FIFO Can double or even triple warehouse capacity Excellent for perishable products | Pallet flow pallet rack: $300–$500 |
| Cantilever Racks | Capacity by support arms. Best for storing long-term, oversized products, such as rugs,timber,steel,pipes,tubes,boards. Can be single- or double-sided | Single Sided:$850.00- $1,700.00 per bay Double Sided:$1,100.00 – $2,500.00 per bay |
4 Steps to Calculate the Cost of Pallet Racking
Calculating the costs associated with a pallet racking system may seem daunting, but breaking it down into manageable steps can simplify the process.
Calculating the Square Footage of Your Warehouse
To start, measure the warehouse’s total area by multiplying its length and width. This measurement gives you a clear idea of how much storage you can accommodate.
Ensuring the Average Load of Each Pallet
Determine how much weight each pallet will carry. This information is crucial for selecting a racking system that can support the load.
Calculating the Aisle Width
Proper aisle width is essential for forklift maneuverability. Depending on the racking system used, aim for at least 8 to 12 feet of aisle space.
Drawing a Layout Preview Picture from Manufacturer
After gathering all this information, sketch a layout. Visualizing how racking will fit in your space helps you and your manufacturer find the best solution for your warehouse.
Setting Up Warehouse Racking
Once you’ve selected your racking system, planning the setup is critical. Here are a few guidelines to ensure a smooth installation:
Follow Installation Guides: Most manufacturers provide detailed installation guidelines. Following these instructions can avoid mistakes and safety hazards.
Train Your Staff: Make sure your employees are knowledgeable about the new systems. Training is crucial to prevent accidents and ensure proper use of equipment.
Contacting Manufacturers for On-Site Solutions
Before making your final decision, it’s smart to consult with racking manufacturers. They can evaluate your specific needs through an on-site assessment, offer tailored recommendations, and provide accurate cost estimates. This collaboration can be invaluable in choosing the best solution for your warehouse.
Conclusion
Investing a warehouse racking system is value to improve your inventory storage level. You can ensure different types of racking systems and their associated costs,calculations for installation in this guide. Heda Shelves offer varity of warehouse racking system in cost-efficiency layout and On-site Installation Support. If you want to get a high turnover racking system,contact us in our form.
FAQs
What is the average cost of a pallet racking system?
The cost typically ranges between $100 and $400 per pallet position, depending on the type and specifications of the racking system.
How do I determine which racking system is best for my warehouse?
To find the best solution, consider factors like your inventory type, turnover rate, available space, and budget constraints.
Is it possible to install warehouse racking systems myself?
While DIY installation is possible, but as a business investment project get the help from your racking manufacturer to save time and money.
How can I maintain my warehouse racking?
Regular inspections, adhering to weight limits, and providing staff training are essential for maintaining a safe and efficient racking system.
Are financing options available for purchasing racking systems?
Many manufacturers offer financing plans and leasing options, making it easier to manage the cost of your investment in racking systems.
