Tips for creating a business inventory for your storage unit

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As a business owner, you know how important it is to keep track of your products and materials. An inventory allows you to keep track of what you have, what you need as well as what you’ve sold. Some may even argue that inventory is the backbone of a business!

That being said, we understand that creating an inventory may be daunting. Follow these tips for creating a business inventory for your storage unit.

Plan your inventory system

The trick to seamless inventory is to plan which system you’re going to use beforehand. After choosing between a numbering or labelling system, you’ll also decide how to record each item’s location within the unit. This system will make your life much easier!

Categorise your products or materials

With all of your products or materials in one place, it could be difficult to find what you're looking for…unless you’ve categorised your items! Sorting your items by type or season means that you’ll be able to narrow down your search considerably. This will save time while also keeping your storage unit organised.  

Count your inventory

Now that you have a plan in place, it’s time to count your stock. While this can be a time-consuming task, it’s also an important one. This will be your starting point for keeping track of what you have and what you still need. 

Keep track of incoming and outgoing inventory

If your inventory is going to be effective, you’ll need to keep track of everything going in and coming out of your storage unit. Whether it’s new materials being delivered or products being sold, your inventory should have a record of it. 

Regularly update your inventory

As your business grows and changes, so too will your inventory. To keep up with demand, it’s important to regularly update your list. Depending on your business, this update could be done daily, weekly or even monthly. 

Now that you know how to create a business inventory, it’s time to contact StorageWise to organise your unit! With small, medium and large unit size options, we’ve got something for everyone.

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