Keeping up with documents, forms and materials is essential for business success. For most small companies, it’s a “learn as you go” process that can take a long time to master. Unfortunately, the time it takes to master those efforts may cause your business to lose out on other money making opportunities. In this blog post, we provide three inventory management fixes for your small business.
Reduce storage costs
Warehousing costs are especially expensive for small businesses, especially when paying for additional space that you may never use. As a small business owner, you’re creative and resourceful by nature—so you may rely on self storage, an unused office, or even a garage or basement to store forms, materials and marketing collateral. But each option comes with inherent risks. Some key questions to ask concerning your current storage solution include:
- Can I accurately monitor inventory levels?
- What security procedures are in place?
- How much time is required to monitor, receive and retrieve items?
A key goal to shoot for includes reducing building maintenance and staffing costs while enhancing the availability of materials to support your business processes.
Protecting inventory assets
Inventory protection is directly tied in with how you store your inventory items. Whichever storage option you decide to use, make sure you have the following:
- a theft prevention plan
- methods for protecting items from disaster
- proper racking systems
Unlike self storage or other commercial warehousing options, a professional business inventory storage solution, features a facility with industrial racking systems adaptable specifically to items particular to your business. The storage environment features:
- fire detection and protection systems
- video surveillance
- access control
Climate control monitoring and regulation also allows for more sensitive inventory items to be safely stored long term.
Ensure accurate processing
The time spent looking for documents, forms and materials can have a direct impact on your bottom line, especially if items are misplaced. The same is true for replenishing and receiving inventory material that is running low. The majority of small businesses simply cannot afford to hire a dedicated staff member to keep track of all the details for inventory items.
Inventory monitoring is automated with a professional inventory management solution. Barcode tracking technology enables inventory levels to be constantly observed and reordered when low. The receiving and restocking of items is also streamlined and managed for you, eliminating internal administration and labor costs. As items are needed, they are delivered directly to the requestor within your organization in an alarmed, GPS-tracked vehicle.
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