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Project Storage Cost

Businesses face increasing storage costs as they grow, challenging their profitability. This study aimed to reduce product storage costs for business owners by proposing a mobile application-based warehouse solution. A survey of Jordanian companies found most spend between $1,000-$10,000 annually on storage. Analysis identified factors affecting expenses. The study recommends businesses implement a mobile app for warehouses, analyze current practices, integrate technology, and use third-party optimization apps to reduce costs.

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Zain Hindieh
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15 views11 pages

Project Storage Cost

Businesses face increasing storage costs as they grow, challenging their profitability. This study aimed to reduce product storage costs for business owners by proposing a mobile application-based warehouse solution. A survey of Jordanian companies found most spend between $1,000-$10,000 annually on storage. Analysis identified factors affecting expenses. The study recommends businesses implement a mobile app for warehouses, analyze current practices, integrate technology, and use third-party optimization apps to reduce costs.

Uploaded by

Zain Hindieh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Optimizing Product Storage Costs

for Business Owners

1
Introduction
 Businesses, particularly those in the logistics and retail sectors, have substantial
financial challenges while growing horizontally because of the scarcity of available
land. This highlights the importance of storage costs in determining overall
logistics charges.
 Privatization, industrialization, and globalization make supply chain networks
vulnerable to disruptions and expensive operations, with managerial concerns
including personnel shortages and storage challenges, leading to rising
warehousing cost.
 Small and medium-sized businesses are confronted with a significant risk to their
profitability due to increasing costs of storage and warehouse management. This
calls for an immediate and cost-effective solution to reduce the financial
constraints connected with storing products.
Study Objectives and
Problem
Problem
Objective

Businesses are dealing with


To reduce the product storage cost
increased storage expenses,
issues for business owners by
Physical space expenses, utility
integrating technology within the
expenses, workforce expenses,
operations of the business. The
and security measures are all
study proposes a mobile
included in the warehouse or
application-based warehouse
storage expenses.
solution.
Methodology

Research Sampling
Survey-based Strategy
Data
Area Analysis
questionnaire Google Docs

Optimization SPSS Software


storage Cost Data
Survey
Design:
companies Collection
Residing in
Jordan

4
Results:
Gender

Frequency Percent Valid Percent Cumulative Percent

Demographic Statistics: Valid Male 8 88.9 88.9 88.9


Female 1 11.1 11.1 100.0
Total 9 100.0 100.0
Age

Frequency Percent Valid Percent Cumulative Percent

• 88.9 % Male Valid 18-24 2 22.2 22.2 22.2


25-34 4 44.4 44.4 66.7
• 44.4% of 25-34 Age 45-54 1 11.1 11.1 77.8
55-65 2
• 44.4% of More than $20,000
22.2 22.2 100.0
Total 9 100.0 100.0

How much money does your business currently spend on storage for your products?

Frequency Percent Valid Percent Cumulative Percent


Valid • $1,000 - $5,000 3 33.3 33.3 33.3
• $5,000- $10,000 1 11.1 11.1 44.4
• $15,000 - $20,000 1 11.1 11.1 55.6
• More than $20,000 4 44.4 44.4 100.0
Total 9 100.0 100.0 5
6
7
8
The study employed robust methods like multiple
1 linear regression and Bartlett's sphericity test, yielding
crucial insights into factors affecting product storage
expenses.

Caution is recommended because of probable data

Conclusion
2 dependability difficulties and the low statistical
significance of the regression model, despite the
enlightening analysis of expenditure, technology
adoption, and awareness dynamics.

To make educated judgements and improve storage


methods across industries, the study suggests
3 optimising data reliability, understanding correlation
patterns, and continuing monitoring.
1- Implement a Mobile Application-Based
Warehouse Solution
2. Conduct a Comprehensive analysis of Current
Storage Practices
3- Technology Integration for Cost Reduction
Recommendations 4- Promote the Use of Third-Party applications for
Storage Optimization

5- Offer App Integration Training and Support


6- Provide Tailored Solutions Depending on
Industry Needs
Thank You
For your Attention

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