Success of a retail stockroom majorly depends upon how effectively you manage its merchandising, replenishment and locating of goods in the right shelves.
However, every business has its own unique requirements, which is the sole reason why the management of their stockroom varies according to its functioning and cycling of goods.
From already established businesses, to small and medium enterprises, all have their own sources, working style and limitations that vary from one business to another.But still there are some key points to ensure that the retail stockroom run smoothly and successfully.
Listed below are a few tips that’ll help you keep your stockroom up and running for a long haul!
- Right storage units
When talking about stockrooms its storage is of utmost importance, so any kind of chaos in it is considered as a wrong step towards the failure of its effective management. Thus, it’s always better to store productsin the right units according to their category and usability, making their access easier.
Small products can be stored in pallet boxes with labels on them having item description like product name, product code etc. For more convenience, multiple coloured pallet boxes can also be used and arranged colour wise so that it becomes easier for you to locate the right stock and would not even affect the product kept next to it. Products like garments can be organized using hangers which helps keep them wrinkle-free.
Items which are used or sold on a frequent basis should be kept in lower and front shelves, which make them easily accessible, and the items which are sold the least should be kept in upper and back selves.
- Make more space in shelves
Space has always been a problem when it comes to managing astockroom.No matter how big the storage area is, whenever new stocks arriveandarearranged in the shelves, most of the space is occupied and eventually your store runs out of space.So, in order to overcome this issue, always try to make vertical space while arrangingnew stock.
Keep the boxes one above another and in such a way that they do not fall on people walking past it. This way your stockroom will look spacious and well organized.
- Use tall shelves for storing
Shelves that are short in heightnot only create complication in organising and storing goods, but also inlocating them. So it’s better to use taller shelves, which provide more space to store large amount of goods all at one place. It will also help utilise the maximum height of the room in storing products.
- Ensure you’re labelling the stock
More space is undoubtedly important for better storage and proper distribution of goods.But there is one more thing that must take place along with spacing which is proper labelling. Writing the required product information on each shelf giving a short idea about the item and its category can help your staff to work faster.
Make sure that you’re adding labels on all aisle of the store with product category mentioned on it.When you have shelves with product name and size, it can make your store more organised, which surely will result in faster execution of work without any hindrance; not to mention the amount of time it’ll save.
- Separate space for staff members
Staff members play a crucial role in effective functioning of a stockroom and rightly so,they deserve a little attention for their personal needs and requirements. Provide them with sufficient space at work to keep their personal belongings in like separate lockers or section. It will make them feel valued and also encourage them to work more efficiently.
- Timely delivery and replenishment
As they say, time is money and therefore it matters a lot,especially when you are operating a business.Moreover, it has always been an important factor in the success of any and every business. Nonetheless, late delivery of goods not only defaces the company’s name,but also takes away your clients.So it’s vital for you to be punctual in delivering the goods.
When the goods are sold, your stockroom goes out of stock and needs replenishment in order to be ready for the next supply. Due to late and untimely refilling of stock, you can miss out on the fulfilment of orders on time. Well, this is reason enough for you to refill those empty shelves as soon as possible.
Nothing is far away if you are on the right track and continuously moving towards your goal.Similarly, managing a retail stockroom is also easy provided you’re following the correct steps as stated above.
So, be a part of successful management by implying these little,yet useful things and always stay a step ahead of your competitors.