October 1, 2020

Establishing a warehouse involves making a big investment. You cannot take any risk here. Even one mistake can result in extensive losses. You can avoid these problems by taking help of warehouse project management consultants. They will help you achieve maximum efficiency by managing your warehouse project properly. Successful execution of your project will ensure you are able to generate more revenues using fewer resources. The Project Handling Process Once your warehouse system design has been finalized, an experienced project manager will be assigned to your project. The manager will oversee all aspects of your project implementation. Special planning tools are used to manage and implement the projects properly. Services of professional design engineers and warehouse installers are used to ensure timely completion of the project. They have extensive experience in this field and can implement all types of storage projects. The final result will meet all your expectations. Managing a Complex Warehouse Project It is a challenging project that requires support of different types of professionals with experience in this field. They will protect your interests. Your customers must receive the best quality services. These goals can be achieved only when your warehouse has been designed properly and efficiently. You need different types of systems to manage your warehouse. Each system must be selected after careful evaluation of their utility for your project. They must be integrated properly with the existing setups and with each other. Professional Services Professional warehouse project managers do not try to take advantage of new clients who have no experience in this sector. Their main goal is to protect the interests of their client and offer the best services. They will first study the project scope and discuss with you your expectations and budget. Once they understand the project scope, they will devise effective storage strategies. New and special technologies are used to minimize costs and achieve maximum efficiency in storage. If you do not have an in-house management team to oversee your warehouse project, outsource this job to a professional warehouse project management company. You will receive complete start to end solution. Your project will be managed by a team of experienced project managers who have handled different types of warehouse projects. They are aware of latest solutions being used in the warehouse sector so they can offer you the most appropriate solutions suitable for your project. Whether it is small or large project, you can expect the best services. The required number of project managers and other professionals will be assigned to your job.

The liquidation process in business refers to the action of concluding a company’s activity and distributing its assets to its shareholders, creditors and other claimants. Liquidation typically occurs when a company is insolvent (which means that that it cannot meet its financial obligations as they become due) but may also occur for other reasons. There are in fact three main types of liquidation process: • Members Voluntary – where the owners of a business choose to discontinue operating the company for a range of reasons. In this case the company is not insolvent and is able to make payments on time. • Creditors Voluntary – this occurs when the business owner foresees that the company cannot meet its obligations and decides to begin the liquidation process after consulting shareholders and receiving a majority vote (75% or more) to do so. • Compulsory – where the company is unable to meet its financial commitments as they become due (is insolvent) and is required to cease trading and liquidate its assets. During liquidation, the assets of the company are distributed according to the priority of the claims of its creditors with a trustee appointed to oversee the process. The claims with the highest priority for payment are held by secured creditors who have provided financing secured by collateral provided by the company. These creditors will seize the items put up as collateral and sell it to recoup money owed by the company. The sale of collateral often involves a large discount to its value because of the short timeframes involved in the liquidation process and where the proceeds of the sale do not cover the debt the creditor may also make a claim on any other assets the company owns to make up the shortfall. The next creditors in line for reimbursement are unsecured creditors. These usually consist of bond holders, government bodies (such as the tax department) and employees (that are typically owed unpaid wages or other benefits). Because these creditors are unsecured they only receive a payment if there is any money left after the secured creditors have been paid. Finally, the shareholders of the company will receive a share of any assets that remain (in the unlikely event that any are left when a company is insolvent). In cases where assets are available for distribution to shareholders, investors that hold preferred stock will have priority for payment over investors holding common stock.