Many businesses face challenges with stock management, whether it is a backlog of stock and nowhere to store it on their premises, or peaks and troughs in their trading calendar, which means the storage space they require, fluctuates throughout the year.
If you are looking for stock storage solutions, there is an easy one close to hand, and that is renting a self-storage unit. Offerfair business storage units are a cost-effective means of storing business stock for however long you need to.
Some of the main considerations of renting storage space for stock management are:
- Choosing the right size unit
As with any business expense, it is important to consider value for money when choosing a stock storage solution. You need enough space to store all your stock and to be able to retrieve it easily, yet at the same time you will be paying for the unit by square footage, so you want to avoid wasted space.
- Organising business stock storage
How you organise your stock makes a huge amount of difference to your storage unit. An organised unit means you will make more efficient use of the space, and you will find it much easier to retrieve, sort and manage your inventory. Pack stock properly using robust cardboard boxes and packaging which you can purchase from us. When it comes to filling your unit, then think vertically as you will have plenty of height to work with, so arrange heavier items at the bottom and lighter items further up. Finally, be strategic with your organisation. Store items which are most popular at the front of the unit, and if any stock is date-critical, then put newer items to the back and move older ones towards the front.
- Implement an inventory management system
Label stock clearly (with production and expiry dates if applicable) and then devise an inventory management system where you can track your stock turnover, frequency of sales and any returns. Your inventory will help you keep track of the amount of storage space you will need at different times of the year, and you will be able to identify peak or quiet trading times when you may need to upgrade or downsize your unit size.
If you are looking for extra storage space for your business, then we offer business units in a range of sizes from 15 sq ft – 180 sq ft with flexible terms, whereby you can upgrade or downsize your unit if you need more or less space. Contact us today to discuss your requirements.
