As retailers continue to reap in the benefits of the boom in online purchases during the lockdown, various products are rapidly growing in demand. From baking ingredients to home accessories, this stock needs to be stored efficiently in order to create a seamless journey for customers.
Here at Space4U many of our customers use our storage facility as a warehouse for their online business. If you are looking to do something similar, here are our top tips on how to store your retail stock more effectively.
Label and organise your stock
Labelling is one of the most important methods to use when organising any storage space. Managing your goods into colour-coding systems and categories is an efficient way to avoid confusion, and saves time for both you and your employees. If you’re a business owner with a large number of goods, labelling saves time and effort when finding stock when needed.
If your retail stock is already labelled, think about how it can be further improved.
Keep your website up to date
As more people continue to shop online it is important to keep your website updated with the correct stock levels and status. If not managed appropriately, customers could end up purchasing a product which is out of stock, leading to refunds, stock management issues, and the loss of trust with your online users. Make sure that your stock is always updated online so that these issues don’t occur.
Remove any old retail items
If you start removing old and unwanted stock, this will start to free up some space for more important items. As a result, this makes it much easier for business owners to keep on top of storage areas, therefore increasing overall storage efficiency and productivity.
There are many ways you can get rid of old stock quickly including:
- Discounting old stock in a flash sale
- Hosting a number of giveaways
- Making a charitable donation
Invest in self storage units
To ensure that your stock is organised efficiently, it’s important to invest in the right-sized space. Whether it’s a large 200 sq ft storage room, or a shipping container, having the right space is key to achieve the best stock efficiency for your products and your customer’s demands. Investing in a self storage unit is generally more secure with CCTV, padlocks and other means of security.
How can we help?
Here at Space4U, we provide a variety of self-storage solutions for retailers, from shipping containers to warehousing spaces. If you are looking for more space for your stock and are based in Berkshire, our store locations in Bracknell and Windsor are conveniently positioned to expand your storage space.