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Inventory Systems for Small Businesses

inventory

Is your small business becoming cluttered with inventory? Despite your best efforts, keeping your home offices and dedicated office spaces can become encumbered with your stock crowding hallways and closets. Try these methods and rules to create an organized, professional office space.

Master Your Stock

There is no need to have the same amount of everything in your stock. The Pareto Principle states that about 80% of consequences come from 20% of causes. This 80/20 rule applies to your small business, meaning that 80% of your profits come from 20% of your inventory. Track your stock to discover your best sellers and your slower items. Once you identify those items, you will know what to keep in heavier stock. If this is all new to you, remain flexible as you explore which methods work for you. 

Never Settle For Less

To retain customers and promote them to tell their friends about your product, you need to ensure you only have the best in your stock. Go through your items and rid yourself of things that are not up to your company’s standards. The best way to do this is to take ownership of every step in the process. For example, ignore any vendor’s suggestions to reorder stock for you. They have their agenda to take care of before serving yours. Instead, use your time well by reordering items as you see fit and heading your quality control process. Look at each item before it gets sent out to ensure everything will go right before you send it to your customers.

Rethink Storage Options

You may think keeping everything in its own section around your office’s floor space is organized, but it is unsightly. Starting a small business comes with a very tight budget, but that does not mean you can’t get any storage systems in place. There are plenty of cost-effective ways to get everything and its proper space off the ground. Use plastic storage bins and shelving units from Home Depot that can hold up to 2,500 pounds. (LINK no-follow https://www.homedepot.com/p/Husky-4-Tier-Industrial-Duty-Steel-Freestanding-Garage-Storage-Shelving-Unit-in-Black-77-in-W-x-78-in-H-x-24-in-D-N2W772478W4B/319132737) Look for things you already own like old dressers, bookshelves, or binders you can repurpose for storage uses.

If you have implemented these systems but have too much inventory to store in your office space, self storage could be the answer for you. Use our self storage units to get the clear working area you have always wanted. Right Fit Storage offers free heating and cooling for year-round storage. Our free move-in trucks allow a convenient move-in day, and our discounted moving supplies are easy on your budget. Visit a location near you to tour our pristine facilities! (LINK https://rightfitstorage.com/storage-units/)

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