Solution: The team learned about FLEXE, an online marketplace that connects organizations needing extra space to those that have it. With this solution, the FLEXE marketplace found organizations that could use this company's excess capacity. Within weeks terms were negotiated and soon after pallets were on the previously empty racks.
Results: As a result of the new partnership with FLEXE, the warehouse increased utilization from 60% to 85% and generated a new revenue stream. This was exactly what they wanted - a simple solution that increased utilization and provided revenue but still allowed them room to grow and service all their clients.
About the Solution Provider: FLEXE is a first-of-its-kind, cloud-based marketplace that connects organizations in need of additional warehouse space with organizations that have capacity. Companies that list their warehouse space & services within the FLEXE marketplace generate approximately $1/SQ FT per month of incremental revenue from otherwise unused warehouse space.
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