There are a lot of different ways to smarten up your inventory style with artificial intelligence and software on the cloud. But if you’re looking for an inventory management without hurting your short-term budget, you’re not out of luck. Try these three strategies to keep your store fully stocked without all the software:
1. Make a map and update it.
Keeping extra inventory in your warehouse means your store has more room for customers and displays. It also makes your store easier to navigate. But when you’re running low on popular items in the middle of the day, you need to be able to replenish the stock. Keep an updated map posted near the door to your warehouse. Then you can send any of your employees out to reload your supply without worrying that they’ll be searching for hours.
Over time, you’ll get new products or you’ll find better ways to organize the space. Make sure you update the map along the way so it stays relevant.
2. Keep a spreadsheet everyone can edit.
If you’re starting to incorporate a bit of software into your inventory management, the best place to start is with a good database. Excel or Google Sheets can handle your lists of products, inventory amounts, and delivery dates.
But one common mistake is to over-protect files. While you need to protect your company’s information from the outside world, don’t limit employee access to the inventory lists. You’ll need them to make edits and updates, too, especially as your company expands.
3. Take note of high-frequency purchases and paired purchases.
You’ve probably organized your store to optimize purchases. The high-frequency trinkets and impulse buys are easy to access and near the registers. Items that your customers buy together are shelved together.
Carry that same data-based organization into your warehouse. Store frequently ordered inventory near the door for easy access, and make sure paired goods are stored together. Your employees will thank you whether they’re restocking or placing an order.
Go to Warehouses Plus for more tips and rental units that are the perfect fit for your business.