Everyone has occasionally misplaced their car keys. Usually this means taking a few extra minutes before heading out the door to find them. It can be frustrating but not the end of the word. At a business, misplacing inventory isn’t just frustrating but also costly. That is why inventory management is so crucial for your company’s success. Here are some ways to increase your company’s inventory management effectiveness:

Know Your High Sellers

A company’s inventory is all about organization. That means having every item clearly labeled and stocked on the right shelves. You can adapt many labeling practices that work best for your inventory but the key is consistency. If shipping inventory is part of your business, then you might have several items that would be deemed as “high sellers.” You can set up a “hot zone” in shipping for these items that can be rotated on a regular basis. By keeping the high sellers close to shipping, you’ll be cutting on retrieval time.

Mobile Proof of Delivery

Technology has transformed the way inventory is managed and also how it is delivered. You should consider adopting a mobile proof of delivery for any products you’re shipping out. This can include alerts to the customer so that they know a package is waiting fort them. It can also mean actual photos of the item dropped on a porch or doorstep. This is a smart move that can help prevent your company by getting hit with the “I didn’t get the package” problem.

Maintain Proper Storage Upkeep

Whether your inventory involves a massive warehouse or a single stockroom, there will probably be a lot of things in there that can be considered rubbish. Returns might come in from a customer that you can’t sell or return yourself. They might be damaged inventory that you already had replaced. There could also simply be items that are out of date and no longer being offered for sale. All of that inventory is taking up valuable storage space that could be put to better use. To clear out your storage area fast, you should hire Junk King Cincinnati. These are the junk removal specialists who can haul away all levels of unwanted inventory. They’ll see to it that it is all disposed of in a proper manner and that will allow your company to continue to promote itself as a green business. Your inventory management can be greatly helped with a junk removal session from Junk King Cincinnati. Make that happen today.