Don’t throw your excessive inventory away. With a bit of creativity, you can save thousands of dollars every year. At many companies, people find extra inventory that they typically store in the backroom or warehouse for safekeeping. Instead of throwing this money out using your imagination, here are the six different places to store excess inventory.
Storage Unit
Storage units also provide ample storage spaces that you can use for your excessive inventory. The units come in different sizes, and you can rent your space at affordable prices if you don’t own one. A storage unit is something like a store, but some companies also provide private storage units.
Before renting space for your inventory, be sure to understand how the management runs things there. Try to find out if they have a good security system to take care of your valuables when you’re not around. Also, you should choose a unit close to where your company is located for easy access.
In Your Home
This is not the best option, in our opinion, but occasionally this is needed when you run out of room at work or any other location. If this is your only option, make sure it is somewhere safe and locked up. It also doesn’t hurt to have a camera running at your home anytime you have something valuable inside. In case someone breaks into your home and steals your valuables, you should be able to trace them. That’s why it helps to install reliable security systems where you choose to keep the items in your home.
Another Company’s Warehouse
If you are in a partnership with another company, ask them if they would mind storing some components for you on their warehouse floor, especially if you are already paying them to store extra inventory. You can also do this with clients or vendors with storage space that you can use.
The best part about this is that if someone wants to go and steal your stuff, it’s not stealing because they still have to come back and pay for the inventory. Some companies have modern warehouses with proper handling equipment so you can be sure that your items are safe at all times.
A Secure Location at Your Warehouse
This location should be used as a last resort and hopefully will never happen, but you can use this option if you run out of space at the previous location. You need to make sure that it is not in plain view of anyone looking inside the warehouse.
A good idea would be to put any excess inventory on a top shelf where people cannot see it but still allow your employees access to these items when needed. You might need to revamp your shelves to ensure that they can safely keep the items without getting interfered with.
This is the best way to save money. If you don?t have a warehouse, you should look into an industrial gross lease which can benefit you and the property owner.
In the Closet
Does your company have a closet? Then you already have a nice place to store your excessive inventory. Just make sure that the closet is safe from unauthorized access, and you’ll be good to go. If your workplace has an extra room, you can install a closet in there and give it a proper design to match what you want to use it for.
Create locks for your closet and store your excessive inventory there. This method works best if you don’t want people to know what you have in store or where you have kept them. Walk-in closets work best, so you should consider investing in one if you have enough finances. Be sure to install a reliable security system to let you know when an unauthorized person tries to access or steal the valuables.
Conclusion
There are six great options for your inventory storage, but you need to ensure safety and security. Ensure that if someone could access the area, it needs to be locked up or at least monitored by cameras. It also doesn’t hurt to have security guards in certain areas or around extensive inventories of items, especially after the holidays when thieves and vandals wait around to see what they can steal.
