A company specializing in consumer goods determines that a 20% increase in pallet space will be needed in the company's warehouse. However, the company's warehouse is already at 95% capacity. Which of the following is the BEST way for the firm to satisfy its warehousing requirements with the least capital investment?

a)Determine construction costs for enlarging the warehouse

b)Move to a location that has ample space for the company's growth target

c)Utilize current space more efficiently by hiring additional warehouse personnel

d)Use a third-party logistics provider