Helen Brown, Negosentro | When you end up with excess stock, it means that you have run out of storage space. It could be that your office storage facilities are no longer adequate as your business expands. When you find yourself in such a dilemma, then it is time to look for an alternative. It is time to think of your alternatives, especially if moving to bigger facilities is not in your current plans.
Many options are available that you can think of. One option is setting up a temporary structure in your office compound if you have the space. You can use shipping containers or even put up a shed to hold your stock. This option is great if you have the space to do so. If your offices are within an office complex or building, you need to find other alternatives.
You can go for self-storage facilities. Here, you will rent a storage unit to hold your excess stock. This option is an effective solution. It is cost-effective as you will only pay a small fee compared to renting additional office space. Once you have exhausted the excess stock, then you will no longer have any use for the facility. Since these facilities operate on timescales, you can plan your financing better.
Budget
Consider storage facilities with low pricing. You should have a budget in mind considering that this cost will eat at your profits. Compare different facilities to end up with good deals. While cost is important, it should not be the only determinant. You can find facilities that offer discounts and other terms that will lower your cost further. This way, you will not have to spend more than is necessary before you clear the stock.
Access
The storage facilities should be within easy reach. Noting that the excess stock is something that you want easily available, you want facilities that are not far from the office. You will not only reduce the time it takes to retrieve the needed items but you will also cut down on transport costs. A storage facility will inconvenience you immensely, especially when you want to serve your customers in good time.
Security
Consider the safety and security of your stock. The facilities should have enhanced security systems. You will not lose your stock to pilferage or other criminal activities. The exterior and interior security should discourage unauthorized access of the facilities. This should be a priority at all times as it will prevent you from making losses. You should lookout for security features such as alarms and cameras.
Stock’s integrity safeguards
The stock you leave at the storage facilities should maintain its integrity. At the basic level, check the cleanliness of the unit. It should not have pests such as rats and roaches. Depending on the type of items you are putting in storage, you should consider air quality. It should not have a lot of humidity. The unit should also be dry as dampness can affect many products. The unit should have flexible terms as you can use the chance to create the best possible environment for your products to safeguard their integrity.
