If you run a physical store or you’re an online retailer, you’ll understand how important it is that your business manages the inventory correctly to avoid losses. Failure to manage your products and stock can result in losing potential profits and can cause a range of issues. Take a look at some of our top tips for managing inventory in self-storage from the Incredible Bulk team and take your business to the next level.
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As you grow your business and expand your range of stock, it’s important to keep a clear and accurate inventory spreadsheet.
No matter the scale of your business, being aware of your inventory will help you to avoid any errors when stock-taking or ordering more products. You can each product and the amount down on paper, create a computer spreadsheet or invest in an inventory management system to help save you time and money.
Managing your stock inventory means you’ll then know exactly what stock you have stored in your self-storage unit and the quantity.
Another top tip for stock management is to organise your storage unit so that you can rotate excess stock and ensure that your best-selling products are easy to access for shipping. Remember to update your inventory spreadsheet and clearly label all boxes of stock and rotate so that older stock is at the front and new stock is placed at the back.
Our 250sqft storage unit can store up to 1000 medium boxes of stock and is ideal for physical store businesses with excess stock or online retailers.
When using a self-storage for storing business stock, it’s also important to organise your storage unit and rotate your stock for seasonal demand.
For example, if you’re an events company that uses self-storage to store props and equipment for events, then you would need to ensure any Christmas or winter celebration event props were easily accessible before the season. Similarly, during the spring and summer months it would make more sense for lawn games, bouncy castles and outdoor party equipment to be at the front of the storage unit as they will be more in demand that season.
At Incredible Bulk, we offer a wide range of business storage services, including storage units from 10sqft to 250sqft, so you can keep up with business demand and expand your inventory as your business grows.
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There are many advantages to using self-storage for stock management, including keeping costs low and the peace of mind that your business stock is safe and secure in a patrolled, CCTV protected, and insured self-storage facility.
To book business storage at Incredible Bulk call 01274 975678 or use the Get A Quote tool today for an affordable self-storage price.
If you any other questions, please feel free to call us or drop in for a chat.
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