Renting or buying extra storage space for your business will add to the expenses that you have to pay. But you do not have a choice because raw materials or stock products piling up just anywhere in your building is a huge problem. For this reason, you want to maximise the value of what you are paying for.
Use shelves that will organize your stuff
You might want to install wall shelves in your warehouse in NZ to make the most of the vertical space. Use the shelves to organise documents and any other small item. With wall shelves, you can easily spot what you are looking for. You may also use boxes and label them.
Choose a storage space that is suitable for your inventory
You should not underestimate the importance of warehousing. Warehousing is proper planning for storing products. It also involves the right management of these materials while inside the stockroom.
For this reason, you should not buy a space that is too big or too small for your inventory because it will waste your money. Also, prepare the necessary materials and storage adjustment that will be needed to secure and manage these materials. These include pest control, record keeping and disposal plans.
Determine the best method to manage your inventory
There are two types of methods to choose from, the First In, First Out (FIFO), and the Last In, First Out (LIFO). Choose the most appropriate for the type of goods that you’re storing. If these goods spoil over time like food, you will have to use the FIFO method. Otherwise, if you are storing goods like technological devices, use the LIFO method.
To maximise your storage space, you should apply the principles of proper warehousing, which include the proper organisation, storage, and system management of your inventory. Moreover, proper management of space will eliminate spoilage and wastes.