Business Inventory Storage Ideas
Starting a new business can be a risky endeavor, but the satisfaction of owning your own company, creating your own products, and connecting with customers can be a great reward. If you’re creating your products from scratch, you’ll have to think about how you’ll raise the capital for the raw materials. This might also require machinery to streamline production so you can build inventory quickly and see a return on investment sooner rather than later. You’ll also have to think about storing your products, and that’s where our storage facility comes in.
You might be renting a retail space or only have limited room in your home (if you’re running your business out of your house), and keeping your inventory secure should be a top priority. We have storage units in various sizes that can protect products of all sizes, and our staff will gladly help you find the best option for your business.
At the center of maintaining an adequate facility is inventory management. Even when you have inventory storage ideas you are using, there are still others you can add on. Below are some inventory storage ideas you can use to help make your operations run as smoothly as possible.
Benefits of Off-site Inventory Storage
Warehouse storage can have several challenges, and over the past couple of years, they have multiplied due to the COVID-19 pandemic. This has seen the need for off-site storage rise, and below are some of its benefits.
Off-site storage can be quite flexible and agile as they are meant for storage. For example, when some businesses look for tools and space, ones with off-site storage have the facilities on-site. You can also partner with distribution and storage providers who can make the business run smoothly.
How Do You Organize Inventory?
Inventory needs to be organized to move around quickly and locate what you need. Some of the ideas you can use to organize inventory include:
- Use information labels and have products sold together close to each other
- The best sellers should be close to the front
- Have clear aisles
- Use vertical space
- Have mobile shelving options for seasonal inventory
What Are the Different Types of Inventory Storage?
Some of the different types of inventory storage that you can opt for include:
- Raw materials and components
- Work in progress
- Finished goods and maintenance
- Repair and operating supplies
How Do You Manage Inventory in Self Storage?
You need to have the right inventory management system for your self storage if things are to run smoothly. Here are a few tips on how you can do that.
Take Stock of Items
Go through everything before you move your inventory to a storage unit. This will make it easy to know what you have, whether they are fragile and which ones are the top sellers. When you take stock, you’ll know what you currently have, making it easy to pick the suitable unit.
Plan A Layout
Have a floor plan to streamline the management of the inventory. A proper strategy should be grouping items that sell together and having a dedicated section for the fast sellers.
Get Sturdy Containers with Labels
If you are looking to keeping the inventory long-term, you will need to get sturdier containers. Labeling the containers will make finding your inventory much easier
Rotating Your Stock
If your business involves seasonal items, such as clothing or recreational gear, you may need to rotate stock every few months.
You can also invest in inventory management software to help you streamline your inventory. Most software is an excellent investment as it tracks inventory that should be restocked, improves expenditure, and integrates with e-commerce listings.
Can My Business Storage Unit Be Written off in Taxes?
Storage expenses are tax-deductible as they are necessary expenses for running a business. There are several ideas you can use to improve your business inventory storage. The above can help smooth out your inventory and ensure you can easily manage it. Contact us today!