- Maximize Vertical Space
- Use Different Storage Systems
- Employ Efficient Inventory Management Techniques
- Explore Business Storage Solutions
- Lease Business Storage
- Frequently Asked Questions
Your inventory forms part of the heart and soul of your business. Managing your excess inventory effectively is essential for keeping your business running smoothly — and one of the biggest challenges in this area is having effective storage strategies.
Managing a business is hard enough as it is. It can be even more difficult if you have a cluttered work area or stockouts cause you to lose customers because you don’t have enough space for excess goods. Experiencing challenges with space and storage can significantly limit your ability to run your business successfully.
When you implement effective storage strategies for businesses, you can enjoy optimal stock levels, declutter your office spaces, minimize unused space, save costs and enjoy many other benefits that stem from good inventory management and having a secure storage facility. Thankfully, these storage strategies can be key to mitigating these concerns and optimizing inventory management:
1. Maximize Vertical Space
One of the most effective business storage strategies is to take advantage of your vertical space. Stacking vertically can be a complete game changer as you increase storage space without increasing square footage — and the costs that come with that.
There are several ways to increase your use of vertical space, and pallet-racking systems rank at the top of the list. Pallet racks’ simple design makes this storage strategy straightforward to implement and cost-effective. Pallet racks are easy to arrange according to different warehouse layouts and also come in different types and styles to meet your needs and preferences.
2. Use Different Storage Systems
Every business’s inventory and storage needs are different, so it is beneficial to have several storage systems to choose from.
- Shelving: Shelves are a versatile storage solution that makes your goods easy to see and easy to access. Their high visibility and accessibility mean it’s easier and quicker to remove inventory and restock. Another advantage shelves offer is that some systems allow you to adjust shelf height to accommodate a greater variety of product sizes. Shelves are an excellent solution for small- to medium-sized goods.
- Racking: Racking systems are an excellent solution for storing pallets and other medium- to large-sized inventory. Pallet racks are a far more robust storage solution than shelves. They are also one of the most common storage solutions in warehouses and distribution centers because they maximize vertical space and are suitable for storing heavy items and bulk goods, allowing for high-density storage.
- Bins: Storage bins are a good choice if you want to prioritize organization, as you can easily label them. There are two main types of bins — stackable bins for vertical storage and hopper bins designed for easy dispensing of goods. Most bins are mobile, which makes it simple to move inventory around and change your layout. Bins work exceptionally well for storing small goods, and you can integrate them into bigger storage solutions, such as your shelves or racks.
3. Employ Efficient Inventory Management Techniques
Inventory management and storage strategies are closely linked. You are far more likely to stick to the storage strategies you implement when you also have a sound inventory management system in place. These best storage practices for businesses are effective and simple to add to your operations:
- Use the right containers: Pack products carefully and use the right-sized storage bins for each product so you do not waste additional space with oversized containers that don’t suit your product properly.
- Label items: Create a label system that helps you find specific products as easily as possible.
- Find your organizing preferences: Organize storage bins or boxes by product type, size and color.
- Know your priority items: You can categorize your inventory using the ABC classification, which separates goods into high-value, moderate-value and low-value items. This method helps you prioritize your items so you can allocate the most resources to storing them effectively.
4. Explore Business Storage Solutions
Having the right facility is crucial for a storage solution that helps mitigate the challenges of inventory management. Gone are the days of being limited to dingy storage facilities that provide nothing more than an empty space. Facilities like the RISE Commercial District business storage units can form an integral part of your operations, providing the following key benefits:
- Included utilities: Our storage solutions make it easy to manage all aspects of your business, as utilities — including electricity and business Wi-Fi — are included in your bill. You also have access to forklifts, shared conference rooms, kitchen areas and restrooms.
- Around-the-clock access: You are storing your business items, and we believe you should have access to your goods at all times.
- Security: A secure facility is essential for your peace of mind when storing your items. We have fully fenced and gated facilities with passcode-protected keypads and camera monitoring.
- Climate control: If you need to store delicate or perishable items, choosing a facility with climate control options is a must.
Contact RISE Commercial District to Lease Business Storage Spaces
Optimizing business storage with effective strategies results in numerous benefits, from having a more organized and productive office space to safe storage of bulk items.
RISE Commercial District delivers cost-effective facilities for optimizing business storage spaces. Our versatile storage solutions and warehouse spaces suit various inventory and operational needs. With our business and warehouse spaces, you enjoy inclusive pricing that gives you access to free utilities, shipping and receiving services, climate control, 24/7 access, and video monitoring.
We understand that your business storage needs are constantly changing, and we prioritize your needs by offering flexible lease options. By choosing our business storage solutions, you can scale your growth, free up your office space and protect your belongings in a secure facility that suits your day-to-day needs. Contact us today to explore our storage spaces and solutions or to request a quote.
Frequently Asked Questions (FAQs)
How Do I Know It Is Time to Lease More Warehouse Space?
If you have prioritized storage strategies but are still struggling with having enough space, it may be time to consider leasing out warehouse or business storage space. Signs that you should consider leasing a business storage space include experiencing more frequent stockouts, dealing with increased lead times that would require stocking up more and experiencing positive sales growth that naturally requires having more stock.
Does Location Matter for Effective Storage Solutions
Yes, the location of the business storage unit or warehouse space you lease contributes to a more effective storage solution. A facility with a strategic location makes it easier for you to access your stored goods or excess inventory as you need it. It also helps you save time and money on transporting goods to the facility.
What Happens If I Lease a Storage Space and My Storage Needs Change?
Businesses are dynamic, with constantly shifting requirements. It’s important to choose a business storage or warehouse facility that offers flexible lease terms that suit your company’s changing needs. At RISE Commercial District, we offer small, medium and large business storage units with several included amenities.
