Do you know what’s in stock in your warehouse or storage room? You probably have a general idea and daily reports should keep you informed. The success of any business can be traced back to how well they handle their inventor management. Here are some tips that you can put to work for improving your company’s inventory management:

Contingency Planning

There is a certain amount of planning for the “worst case scenario” when it comes to inventory management. What happens if your sales suddenly spike and you find yourself running out of stock? What if your warehouse doesn’t have enough room for seasonal items? What if your main vendor runs out of product while you still have orders to fulfill? All of those kinds of things happen on a regular basis to nearly every business. Having a backup plan for these contingencies will help you keep on top of those potential setbacks.

Regular Auditing

Data reports should be able to tell you at any given time what is in stock and what needs to be reordered. There is nothing wrong with relying on that data but you should also factor in regular auditing that includes actual counts of the physical inventory. This will help uncover discrepancies and fill in any potential gaps.

Spot Checking

Sometimes a regular physical count of the inventory isn’t practical because of the volume involved. However, you could perform spot checks on those fast sellers to make sure the numbers match up. You don’t want to promise a shipment only to discover the warehouse is empty!

Clean Out Unwanted Inventory

Every warehouse or stock room will have some amount of “dead” inventory. This could be items that were returned and can’t resold or sent back to the manufacturer. There could also be items going back several years that aren’t even being sold by your company any longer. All of that inventory is taking up valuable space and should be hauled away for good. That can be accomplished with one call to Junk King Houston.

Junk King will send over just what you need to clear your warehouse: A moving crew and huge truck. All you have to do is tell the crew what you want hauled away and they’re do the rest. You don’t even have to involved your workers. Your company’s inventory management can be improved with some rubbish clearing from Junk King Houston. Put that plan into action today.