You could have the employees, inventory and showroom ready for brisk business, but running a successful company requires many other organizational details. From display fixtures to inventory control, your internal parts and products need a seamless arrangement to expedite sales and save money on possible profit loss. Consider your company’s particular needs while looking through some of the most successful organizational strategies. A small investment could help you save on inventory loss through the years.
1. Stacking Bulk Warehouse Items
You may have piles of scrap metal or individually boxed products that are literally stacked in a warehouse corner. Aside from the unorganized aesthetics, you risk loss if a warehouse door remains open for intruders. Consider stackable metal bins for mass items or large, bulk products. These metal bins are strong, holding as much product as possible inside 2- or 4-way entry sidewalls. Stack the bins in a warehouse corner; creating a safe location for goods that may not be accessed on a daily basis. You can even purchase used bins from other companies to save on the initial investment.
2. Small Part Organization
From screws to washers, small parts are quickly lost over time unless they are stored properly. Look for cabinets with narrow drawers and strong dividers. Extremely small parts are held safely here, but any larger items can be placed in cardboard divider boxes. These boxes are narrow and allow hands to grab items on the fly. They can even be written on to denote part numbers and descriptions. If you’re looking for an inexpensive way to organize small parts during initial business setup, cardboard boxes are an economical choice.
3. Virtual Storage
Organizing your business isn’t just about physical product arrangement and safety. You also need virtual storage of the inventory’s size, cost and distribution. Although you may have the computer system for point-of-sale purposes, you also need ample backup memory to support your inventory if the main system fails. A backup hard drive backs up your inventory list every day or each week, depending on your configuration. You’ll always have a current inventory copy if the computer fails. You can even look into a cloud-based storage solution to take the physical hard drive storage out of your business, allowing a service to maintain hardware instead of you.
4. Scannable Inventory
Invest in an inventory scanning system for your business. Old-fashioned counting should only be required of very small parts, such as washers or bolts. In today’s gadget-friendly world, bar codes, QR-codes or RFID technology tend to make your business more organized with fast inventory readings. Glide a scanner, tablet or smartphone across a part’s code to pull up location, quantity and description. You can even display sale or transfer history. Productivity increases with employees working on sales rather than inventory counts as well.
5. Inventory Safety
Another way to organize products safely in a business is controlling access to areas. For highly sensitive parts and products, insist on employee swipe cards to gain entrance to specific warehouse areas. For example, expensive electronic components are only accessible by technicians specializing in that product, reducing loss from mishandling. Supervisors don’t need to be everywhere at once, making all business areas automatically monitored with card technology.
A better business relies on organization to keep itself flowing smoothly each day. Take advantage of physical and virtual storage ideas to save on business costs.