Inventory storage is a key part of good warehouse management. Keeping excess inventory can lead to issues of where they should be placed. You need to have a solution whereby they are easily accessible as well as properly monitored so that you know the status at all times.
We will now look at the tasks involved in inventory storage solutions and good inventory management.
Inventory Forecasting
Inventory forecasting is about calculating how much stock you will need to meet future demand. It ensures that you have enough items to sell and do not run short of popular items.
Demand Planning
Demand planning is the process of estimating future demand for a product or service. It tells you about the estimated quantity that consumers may want to purchase over the next few months.
Setting Safety Stock and Re-order Levels
It’s important to have enough stock in hand to meet demand without tying up too much cost and space in carrying these items. You should set a minimum stock level for each item. This should allow you to order new stock before you run out.
Tracking Inventory
There are all types of inventory items. Some can be fast-moving items that are very much in demand and get off the shelves soon after they come in. Alternatively, you may have slow-moving items that take up space and eat into the cost of inventory. You will then have to think of ways to get these items off your shelves. This helps reduce your inventory and reduce storage costs.
Dealing with Backorders
Backorders refer to items that have been ordered for production but are not yet ready for delivery. It may be due to problems in ordering inventory, or disruptions in the supply chain. You can get the customer’s address and communicate with them. This will minimize the possibility of canceled orders and customer dissatisfaction.
Conclusion
We have seen the importance of proper inventory control and storage. At Big Storage in Cape Town, we have the best storage facilities for self-storage, bulk storage, business storage, and warehouse storage.
Frequently Asked Questions
Q.1. What kinds of storage services do you offer?
We offer a wide range of storage services. There are opportunities for self-storage, bulk storage, business storage, and warehouse storage. We even offer document storage and long-term storage plans.
Q.2. Can you provide services to pick up and drop off the inventory?
Yes, once you have completed our online form detailing the services you want, we arrive at your location at a mutually agreed time, pack and move the inventory safely to the selected storage location.
Q.3. How can I be sure that my inventory is safe?
Our storage facilities have security cameras, alarm systems, and computerized inventory tracking to ensure that your inventory is safe and closely tracked at all times.
