While almost every retailer today strives to deliver a great in-store experience owing to the pressure of standing out, most of them overlook off-site stock and inventory storage management.
As much as you focus on exhibiting your products on shop display cabinets, showcases and counters in-store, it is important to heed the storage of stock in the warehouse.
That said, given below are a few tips how you can efficiently stock and store your retail items and save your time and efforts.
First Things First: Sort Inventory
In any area of retail business, having a better understanding your inventory is critical to effective inventory and storage management. Whether you carry a moderate amount of goods or huge product varieties, it is necessary to understand your inventory in order to make informed decisions pertaining to stockroom storage.
Begin by asking these questions:
- Is the inventory assorted?
- How quickly do products of a certain kind move?
- Which are your best-selling products?
- Which items are struggling to sell?
- Which are your fast-moving products?
- How long will it take you to sell out current stock?
All these questions work as metrics that help establish the alignment of inventory while optimising stock management.
Mind Your Storage Space
Now that you have a thorough understanding of your inventory and got vital inventory statistics, you can use the gathered inventory information to store and organise goods while using the available space in the stockroom.
Consider the following to effectively manage storage space:
It is a practice of storing goods effectively which comprises varied techniques and concepts to facilitate storage of different kinds.
Determine the amount of space that you can actually use to store varied kinds of items out of the space ideally available in the stockroom.
Find the Right Shop Fittings and Storage Units
Using the right kind of storage units will ensure that you utilise the available space in the best way possible.
When it comes to buying retail storage units and essential shop fittings in Australia, there are countless options available in the market. Research well to find an optimal solution for your storage space.
For instance, if you need to store non-palletised goods, longspan shelving would be an ideal solution. Small, light-weighed garments, alternatively, can be stored on hangers and hanging racks which improve accessibility and boost space utilisation.