5 Tips to Help You Keep On Top of Your Inventory Stock

Do you feel like you can’t stay on top of inventory stock in your warehouse? Managing a warehouse can be overwhelming. Fortunately, there are a number of things you can do to improve that.

Use Labels

Always use labels on all of your products. This will help ensure that you can easily take stock of each product’s quantity and that each product gets stocked on the right shelf. Even better, use barcodes that can be scanned for electronic processing.

Identify Workers

Make sure all workers wear a tag or a t-shirt that identifies them. Otherwise, you will never be able to know who is who when you go down to inspect your warehouse. This will help you stop random people, such as delivery men, from wandering around your warehouse as well.

Inspect Shipments

A common mistake is to forget to inspect shipments properly. Losing track of products happens often when receiving shipments. When you receive a shipment, make sure that you are getting the right amount, that you are getting the right product, that the shipment is not damaged and is of good quality, and that there is an efficient process for storing and stocking the shipment.

Prioritize

Not all of your stock will be created equal. In order to be more organized, stock your products based on their priority. Products that get more sales should be closer and easier to access than products that aren’t that important to your bottom line. Similarly, seasonal products shouldn’t be at the forefront year round.

Use Vertical Space

If you have limited horizontal space in your warehouse, maximize your vertical space. Use shelves to stock products, while using your priority system to stock more important products lower down. Have easy-to-use ladders that allow workers to stock, and later access, products.

For more tips, contact us.