Ask any product-based business what their number one headache is and you’ll likely get the same answer nine out of ten times: inventory.
Simply put, it isn’t easy to gauge how much product to make and store and compare that to demand. It just isn’t intuitive because demand can be highly impacted by minute market movements, which makes accurately predicting inventory requirements an exercise in futility.
Thus, every business has to have a solid inventory storage plan in place to deal with excess product. In this article, we’ll give you five tips on how to organize inventory that your business will be able to start implementing ASAP.
1. Use Storage Cubes
For small businesses just getting started with a small amount of business storage, this tip will be a boon for you. Particularly, if you have a lot of little products that you somehow need to store in an organized way, then cardboard storage cubes will completely change your inventory strategy.
These storage cubes can be created out of old cardboard boxes—just cut off the flaps so that the box is permanently open. Once created, the cardboard boxes can also stack on top of each other for more organized storage.
If you’re ready to step up your game from cardboard boxes, then check out some sturdier lockers for sale.
2. Leverage Easy-Pack Supplies
When you’re a small business, your inventory has to be nimble. That means that you can’t burn a lot of time opening and packaging your products. Instead, you should leverage easy-pack solutions that allow you to easily replace packaging if you ever need to open up a packed product.
3. Keep a Map of Inventory Storage
When you’ve got very few products in inventory, you’ll have no trouble finding what you need right when you need it. But when that storage grows, you best believe that finding the right product in that maze will sometimes feel like finding a needle in a haystack.
To avoid that unfortunate situation, build out a map of your inventory storage plan ahead of time before your storage builds up. This will ensure that things stay organized even when your product builds up.
4. Use the Right Equipment
If you use a warehouse or something similar to store inventory, then you’re going to need the right equipment to navigate that storage location. Whether it’s a pallet jack, forklift, or something else, purchasing the right equipment that will allow you to quickly and easily access the inventory you need.
5. Leverage Software
Last but certainly not least, it’s important to consider inventory storage software. These software options help you keep track of your inventory by remembering production dates, inventory maps, and much more.
Inventory Storage—Made Easy
There you have it. With these tips on inventory storage under your belt, you should be much better equipped to handle all levels of inventory that your business may have to hang on to.
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