One of the inevitable parts of running a business with a physical product is building up inventory in storage. No matter how perfectly you try to play the supply and demand curve, there will be some seasons where demand will flatten more so than you envisioned, and you’re left with a bunch of product on your hands.
To deal with that situation effectively, you’ll need your business storage capabilities all planned out ahead of time. In this article, we’ll introduce you to a few business storage and inventory organization tips to ensure that you are fully equipped to deal with the scenario of an excess of products when it materializes.
1. Choose An All-in-One Unit
The first thing to consider is that you need to use an all-in-one storage unit that will be able to handle the storage needs you throw at it. The last thing that you need is to increase overhead by having to pay rental costs on two units, as well as pay to deliver items back and forth between the units.
So when you’re shopping around for a storage unit, take the extra time upfront to make sure that the unit you choose is going to meet every single one of your storage needs. Also, it should be able to grow with you as your business scales up. Relocating all of your product could be an expensive task.
2. Use an Inventory Map
Once you have the right unit picked it, you must make the most out of the space that you have. To do so, you must stay organized.
The first step in learning how to organize inventory is learning how to create and use an inventory map. This is a document that will lay out the various locations of all the different types of products in your storage facility.
Another thing to keep in mind is that you may want to ship out older products first. So you’ll also have to build a system where you can map the age of the products as they come in so that the older ones are most easily accessed. Be sure to use a Cantilever Rack for this purpose.
3. Pack Items Efficiently
Last but not least, the packaging you use for your items in storage is important. You don’t want to expose your product to the elements if you can avoid it, as time and rodents and whatnot will take their toll on your product.
The flip side, though, is that you don’t want to use a packaging system that is so overdone that your workers lose time when trying to unpack the item. Strike a balance.
Business Storage Made Simple
There you have it. With this guide to business storage under your belt, you should be far better equipped to know how to store inventory at your company.
For more business advice, be sure to check out the rest of the articles available to read on the website before you leave.