Tips for Managing Your Small Business Inventory

Published: September 27, 2021

Starting and maintaining a small business is an amazing feat. There are so many things to manage, from customers and sales to managing inventory. If you’re new to the small business world or unorganized when it comes to keeping track of your inventory, things can quickly pile up and turn into a bookkeeping and logistical nightmare. UNITS® Moving and Portable Storage works with small businesses and helps with their storage all the time – our experts share creative organization and storage tips for your inventory. Read on to find out more!

• Clear out unused or old inventory. Your first impulse may be to keep all your inventory – you’ve invested a lot of money into your small business, after all. However, extra or unused inventory can clutter your space and make it hard to work and organize. If you have office supplies or items in your inventory space that you are depreciating on your taxes, make sure your accountant knows that they’re not being used. When throwing out or donating inventory, make sure to log an inventory adjustment too.

• Keep track of your bestsellers first. If you’re a small business owner, you’re probably familiar with the 80/20 rule – 80 percent of your sales will likely come from 20 percent of your items. Keep track of these items and prioritize their organization and keep them in a prime storage location, within reach for restocking purposes. Once you’re through with organizing your bestselling 20 percent, the rest should come easily.

• Move your less-used business inventory offsite. It’s hard to get anything done when you have a cluttered workspace. By storing with UNITS® Moving and Portable Storage, you can clear space for yourself and rest easy knowing your inventory is extremely well taken care of. With our climate controlled storage facilities and all-steel construction portable storage containers, we’re a cut above the rest of our competitors. We even handle the transportation for you. Call today!

UNITS® Moving and Portable Storage is here to make your small business into a success. Rely on us for all your moving and storage needs!