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How Can Businesses Store Excess Stuff They Don't Actively Sell

Are you a business with a lot of excess stuff you don't actively sell? Maybe you have too much inventory or furniture and equipment no longer in use. If you're not sure how to store this excess stuff, don't worry!

There are a few different ways businesses can store their excess items. In this article, we'll outline four different ways to store excess stuff and discuss the benefits and drawbacks of each option. We'll also cover managing excess storage space and how to purge your excess inventory.

 

How To Store Excess Stuff

With an influx of new inventory comes the task of finding a place to store the old. It's not feasible to keep everything out on the sales floor, especially if it isn't selling. So, what do you do with the extra stuff? You could try to sell it online, but that might take some time and you don't want it taking up space in the meantime. Here are four ways to store excess stuff:

1. In a Warehouse

Warehouses are a great place to store excess stuff. They're typically large, open spaces with high ceilings, which makes them perfect for storing furniture, equipment, and inventory. Warehouses are also climate-controlled, so you don't have to worry about your items getting damaged by the humid weather if you're in Singapore.

The downside of warehouses is that they can be expensive to rent. And, if you need to access your stuff frequently, you'll have to pay for transportation costs as well. While warehouses are a great option for businesses that have a lot of excess stuff, they might not be the best choice for smaller businesses. 

If you're looking for a warehouse to store your excess stuff, try searching on websites, ask around at your local business association, or contact a local storage company. Each of these options should be able to help you find a warehouse that fits your needs.

2. In a Storage Unit

Storage units are a great option for businesses that don't need to access their excess stuff very often. Storage units come in all shapes and sizes, so you can find one that fits your needs. They're also a lot cheaper to rent than warehouses, making them a more affordable option for small businesses.

The downside of storage units is that they can be difficult to access. If you need to get to your stuff, you'll have to take the time to drive to the storage unit and unload it. And, if you need to store a lot of stuff, you might have to rent multiple units. This can be a hassle and can quickly get expensive. 

Most storage units are located in populated areas, so you shouldn't have a problem finding one near you. To find a storage unit, try searching on websites, contacting a local storage company, or checking with your local business association. Reach out to a few different companies to find the best deal.

3. In a Self-Storage Facility

Self-storage facilities are a great option for businesses that need regular access to their excess stuff. These facilities are typically located near major cities and offer a variety of unit sizes. They're also a lot cheaper to rent than warehouses or storage units. If your business is expanding or downsizing, self-storage facilities are a great option for storing your inventory.

The downside of self-storage facilities is that they can be unorganized. If you need to find a specific item, it can be difficult to do so. Facilities also tend to be dirty and can be a breeding ground for pests.

If you're not careful, your items could get damaged or ruined.

A good way to combat this is to rotate your inventory. Store the items you're not using right now in a different part of the facility so they don't get ruined. This will also help you keep track of what you have.

4. Robotic Storage

Robotic storage is a new technology that's perfect for businesses that have a lot of excess stuff. This system uses robots to store and retrieve inventory.

The robots in Singapore's most futuristic storage facility are controlled by a computer, which means that it's accessible round the clock. 

You can even use a QR Code to access your inventory, which makes it easy to find what you're looking for.

The downside of robotic storage is that it's expensive. The systems can cost tens of thousands of dollars, which might be too much for smaller businesses. If you're interested in robotic storage, reach out to your local business association to see if anyone is offering a demo. 

5. Other Alternatives

There are a variety of other options for storing excess stuff, including renting a locker, using a friend's garage, or storing items in your own home. These options are a great choice for businesses that only have a small amount of excess stuff.

Any of these options will be cheaper than renting a warehouse or storage unit. 

If you're looking for a short-term solution, one of these options might be the best choice for you. To find the best option for your business, talk to your local storage facility.

 

Managing Excess Storage Space

Once you've decided on a way to store your excess stuff, you need to start managing your storage space. This involves planning, purging, rotating inventory, and organizing.

1. Planning

The first step in managing your excess storage space is to plan for it. This means creating a system for organizing your inventory and setting aside time each week to purge old inventory. Make sure you have enough space to accommodate future growth and to store everything you currently have.

Start by determining what type of storage you need. If you're storing furniture, you'll need a large, open space with high ceilings. If you're storing inventory, you'll need a space that's temperature-controlled and accessible. Write down what you need and find a storage facility that can accommodate your needs. 

It's also a good idea to create a packing list so you know what you need to pack when you need to access your stuff. Return to your packing list each time you purge old inventory to make sure you're not getting rid of anything you might need later. If you're not sure what to do with your excess stuff, you can always donate it to a charity or sell it online.

2. Purging

Purging is the process of getting rid of old or unused inventory. This can be a difficult task, but it's important to do if you want to manage your excess storage space. Start by identifying what you don't need and getting rid of it. If you can't sell it or donate it, throw it away. Make sure you have enough space to store the things you're keeping before you start purging.

Purging is an ongoing process, so make sure you set aside time each week to do it. This will help keep your inventory organized and manageable. The more you purge, the more space you'll free up in your storage unit or warehouse. See if you can find a partner to help you purge your inventory to make the process go faster. Having a helping hand will also help you avoid getting overwhelmed.

3. Rotating Inventory

If you're storing items you don't regularly use, rotate your inventory. This means moving the inactive items to a different part of your storage space to prevent them from getting ruined. This is a great way to keep track of what you have and prevents you from storing things you don't need.

Rotating inventory also makes sure you have everything you need when you need it. You'll always know where everything is and you won't have to spend time looking for items you've misplaced. This will save you time and money in the long run. Another benefit of rotating inventory is that it prevents you from buying the same thing twice.

4. Organizing your Storage

The best way to manage your excess storage space is to organize it. This means creating a system for sorting and storing your inventory to make everything easy to find. There are many ways to organize your storage, but here are a few tips to get you started:

  • Label your inventory to quickly find what you're looking for.

  • Group similar items together to find what you need and prevent you from storing things you don't need.

  • Store the items you use most often at the front of your storage space for easier access when you need them.

  • Use bins and boxes to organize your inventory to make it easy to move items around and prevent them from getting damaged.

  • Create a filing system for your inventory to help you quickly and easily find what you're looking for.

5. Planning for The Future

Plan for the future when you're managing your excess storage space. This means setting aside space to accommodate future growth and organizing your storage so you can easily add new items. You should also plan for future expansions to your storage space. This will help you avoid having to move everything around when you need more space.

When you're planning for the future, think about what you might need in the next few months or years. This will help you stay organized and prepared for whatever might come your way. Managing your excess storage space doesn't have to be difficult. With a little bit of planning and organization, you can keep your inventory under control and make the most of your storage space.

 

Frequently Asked Questions

How Can I Sell My Excess Inventory?

There are many ways to sell your excess inventory, including online marketplaces, classified ads, and auction websites. You can also sell to businesses or individuals who might be interested in buying your products in bulk. Make sure you research your options and compare prices to get the best deal.

How Can I Donate My Excess Inventory?

Many organizations accept donations of excess inventory. You can search for local charities or non profit organizations that might be interested in your products. You can also donate to international charities that work to distribute donated items to people in need.

How Can I Find a Partner to Help Purge My Inventory?

Many companies offer services to help purge your inventory. You can search for a partner online or contact local businesses to see if they offer this service. Make sure you compare prices and services to find the best partner for you.

How Can I Prevent My Inventory from Damaging?

You can prevent your inventory from being damaged by organizing your storage space, rotating your inventory, and using bins and boxes to store your products. You can also create a filing system to help you quickly and easily find what you need. If you plan for the future, you can also set aside space to accommodate future growth.

How Many Bins Or Boxes Can I Fit in My Storage Space?

It depends on the size of your storage space and the size of the bins or boxes. Measure your storage space to find the right size bins or boxes to fit your needs. Most storage units come with a variety of sizes to choose from, so you can find the perfect fit for your needs.

How Long Can I Keep Items in Storage?

The length of time you can keep items in storage depends on the type of storage unit you're using and the company's policies. Most storage units offer short-term and long-term storage options. Go through your inventory and decide what you need now and what you can store for later. This will help you make the most of your storage space.

Managing your excess storage space can be difficult, but with a little bit of planning and organization, you can keep your inventory under control and make the most of it. Businesses have many options when it comes to storing their excess inventory. Warehouses and storage units offer a variety of services to help businesses manage their inventory. For small businesses, self-storage units offer an affordable and convenient way to store excess inventory. 

Businesses can also donate their excess inventory to charity or sell it to other businesses or individuals. By using a variety of methods, businesses can keep their inventory under control and make the most of their storage space. If you're looking for a way to purge your excess inventory, you can find a partner company to help you. 
 

If you're looking for a way to store your excess inventory, contact a local business or visit an online marketplace to find the best solution for you. When searching for a storage unit, make sure you compare prices and services to find the best option for your needs. With a little bit of planning, you can store your excess inventory and keep your business running smoothly.

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About Author

Tutor City's blog focuses on balancing informative and relevant content, never at the expense of providing an enriching read. 

We want our readers to expand their horizons by learning more and find meaning to what they learn.

Resident author - Mr Wee Ben Sen, has a wealth of experience in crafting articles to provide valuable insights in the field of private education.

Ben Sen has also been running Tutor City, a leading home tuition agency in Singapore since 2010.