Find out how the right storage can help your business to save money, not to mention space and extra resources too.
Storing stock can be challenging, especially if you’re based online, or you have had to shut your shop during the Covid-19 pandemic and have found yourself juggling your itinerary without the usual security of a premises to fall back on. As the economy struggles, stock storage can be a challenge as you perhaps stock up to try and boost business, or you’re introducing new lines to appeal to a different customer base. You may also have worried about taking on new warehouse or office contracts because of the pandemic and the resulting concern that it could happen again, leaving your business out of pocket for premises that cannot be used.
Unfortunately, all of the above and more are stock storage issues that many businesses are facing. The good news is that there are solutions that can not only help solve a lot of your stock storage problems, but stock solutions that can actually save you money too.
Why Effective Stock Storage Is So Important
Effective stock storage is so important for many reasons. Primarily the stock is the value of the business and so, storing it properly to protect it from theft and damage is a way of protecting the worth of the business.
In addition, incorrect stock storage in London can cause you to struggle with customer service, as packing and fulfilment strategies may not be as effective, and this could then contribute to lower levels of health and safety, and negatively impact on staff morale too. Lastly, ineffective stock London storage may also cause you to have space utilised for storing the items that could otherwise be better used for business operations – this is more relevant with businesses who currently have an office or warehouse contract.
Tips For Stock Storage To Save Your Business Money And Time
The importance of good stock storage is clear to see, but that doesn’t mean improvements feel easy to come by. When you have been storing items in a certain way for a long time, it can feel difficult to consider another way forward, especially if funds are tight, or you’re just about managing daily operations through this tricky economical time. However, if you can prioritise stock storage, you could see some instant improvements in all areas of your business. Let’s take a closer look at tips for stock storage that save your business money and time:
Look Outside Of Traditional Storage Options
Businesses often like to use office or warehouse space for storage because those are traditional storage options. The problem is that those kinds of places usually demand a pretty hefty price tag, especially if they are located close to a city centre. Additionally, they are likely to want you to tie yourself to a long contract that doesn’t provide you with any wiggle room at all. This can be really troublesome for businesses that require some room for growing pains. Using the office for storage is also incredibly inefficient because it uses space that could be used to boost operations to house stock that could be placed elsewhere.
Instead of only considering warehouse and office storage, why not consider affordable self storage for your business stock? It is highly secure, protected against weather damage, as large or small as you need, flexible in terms of the contract, and the rates are highly affordable. It’s the perfect solution for business storage with the only compromise being that the stock isn’t in your immediate vicinity.
Store Smart
Storing smart is so important when you are protecting your stock and trying to utilise all the storage space that you have. The easiest way to do this is to use shelving, which creates plenty of vertical space, rather than just using floor space, which is precious. It also helps to prevent things like stock falling over, which not only breaks the stock, but puts your staff at risk too.
Label Well
Labelling systems are something that you thank yourself for later, even if the initial process is challenging. Labelling stock well makes your entire process of stock management much easier, and it also means your storage space will have function, and won’t just be a chaotic cupboard or room where you search for things by eye. Eventually, it will result in your stock management being more efficient, so much so that depending on how bad it is to begin with, you could find your staff have much more time to focus on other important business matters.
Consider Deep Archive Storage For Certain Stock
One of the biggest drains on space in the office is paperwork that needs to be securely held, but that doesn’t have any real use in the day to day running of the business. It is usually paperwork that contains sensitive information that you legally have to hold on to for a certain amount of time. Why not use bargain self storage to deep archive the paperwork? The security is likely to be better than in the office, and storing the items away from the office saves you a ton of space too. If the items do need to be accessed, you could consider digital archiving, where a company, or you, scan and upload the paperwork online so that you can access the information remotely without having to go to the physical document in its self storage location.
Declutter
Businesses can get cluttered just like houses can, and without the right stock storage management you could find you are wasting space, and potentially paying for storage space when you don’t need it. If you regularly declutter your stock, by selling on old stock and having paperwork you no longer need to keep shredded, you can instantly save money and space at the same time.
Storing Smart Makes Good Business Sense
Hopefully you’re feeling positive about the storage options for your business and how to make sure that you store your stock efficiently. It can take a bit of work to get everything setup right, but the result is better stock management and the potential to save money, time, space and to see better health and safety as well as better productivity and customer service too – so it’s well worth a spot on the priority list of things to get sorted out this year.
