Have you ever tried to fit too much in a small container, like a shoe box, or cram too much in a large box that could fit more?
This applies to inventory storage. Use the wrong system, and you run into problems with the organization in your warehouse.
In addition to running into problems, poor inventory storage systems cost you money. What starts as a cost-cutting method ends up costing you even more.
Fortunately, all of this can be avoided. If you work with a professional storage and moving company, you can save yourself money, maximize your available space, and have an organized warehouse.
Sounds great? Then read on.
1. Consolidate Stock Levels to Maximize Space
Consolidating stock levels allows business inventory to be stored in an organized manner. It also maintains a low inventory turnover cost. This helps businesses to save on warehouse and storage costs.
Track what is in stock, when the item should be moved, and where it should be moved to. Companies should also review the stock levels regularly to identify any obsolete inventory that can be removed.
Consolidating stock levels also helps save on shipping costs. For example, if a company consolidates multiple orders into one shipment, it increases the chances of receiving a cheaper shipping rate.
2. Utilize Automated Bar-Coding Systems to Improve Tracking
One of the most cost-effective ways to streamline inventory storage is to hire an automated barcoding system to improve tracking. The barcoding system will generate codes for each item and store them in an automated database. The codes will help identify products and match their specific information to the data stored in the database.
The system will save time and money when tracking inventory, as the data can be retrieved quickly. Automated barcoding will also help minimize errors that may occur if done manually. Not only can it provide digital images of each item, but it also allows for digital document management and tracking.
3. Rent Local Storage Units
Renting local storage units is one of the most cost-effective ways to streamline inventory management. This method of storage is ideal for businesses with fluctuating inventory levels, as they can easily book a unit that is the right size for the current stock volumes.
By renting a local storage unit, businesses can store inventory in a clean and temperature-controlled environment. They can also keep stock safe and secure by choosing units with 24-hour CCTV and on-site manned security. Furthermore, businesses can rent units short or long-term, so they can adjust their storage space as necessary.
4. Invest in Customized Shelving Units for Flexibility
Companies can save money on customized shelvings, as they can be designed to fit nearly any space. And because these units are modular and adjustable, they offer an ability to adjust as inventory needs thrive. These units also provide more efficient use of available space since customized sizes and weights can be designed to fit the exact requirements for space, size, and weight of the stored items.
Optimize Your Inventory Storage Today
Overall, the cost-saving measures mentioned above can help streamline inventory storage effectively and efficiently. Implementing such strategies can make a huge difference in reducing expenses, freeing up space, and increasing productivity. Try these methods and see how they work for you.
If you’re in need of additional info or want to learn more, check out our other blog posts!