Managing inventory properly helps you grow!

Digital Age

In this digital age, with a growing amount of consumers who buy their stuff online, sellers are finding their way to the web and to social media to market their products. This modern solution is popular for both buyers and sellers, as it is convenient and easy to navigate, but most of all it allows for a wide range of choices with low prices and high volumes. Business owners are looking to sell more and more, with different emerging media outlets and marketing ideas popping up daily! However, one aspect of the business never changes: managing inventory and the need for space.

Managing Inventory

Whether your store exists physically in a mall, or if it is online, you will always have to work with a physical inventory, whether through a warehouse, stockroom, or in your own house. Depending on how much you are selling and how fast you are growing, managing the inventory in these spaces is something that requires your attention. Read more tips about how to effectively manage your inventory here.

Most online sellers start small from their home and still keep their inventory close to them. This leads to the cluttering of your personal space, your workspace, living space, and most of all your headspace. In order to stay focused and keep your productivity up top, you need to ensure that you can keep your inventory organized and in a space close to you; but most important, not on top of you. 

Finding a space that is perfect for you to store your inventory can be a challenge, as your own house can become full and overloaded, warehouse space may be far away, and self storage solutions are near, but expensive. Be smart with your storage!  Make sure items are easy to locate. Keep them in a place where you can easily pack and post your orders so that you optimize your delivery lead times. Base this location, whether one or multiple, on current and potential sales and trends. A good tip is to move things around now and again if you need to! This will lead to you acing the game of keeping the right stock and deliver great customer satisfaction.

Key to success!

Keeping the right stock is the key to success, besides your fabulous marketing efforts, of course! Keeping the right stock means also keeping safety stock, for when something unexpected may happen. There may be many reasons for this; COVID was a prime example of many business running out of stock on many items due to sudden surges in demand. At the same time, supply may not always be stable and lead to disappointments of customers, which can result in losing faithful customers and loss of name or brand value. Keeping an inventory of your most moved items will make sure you are prepared for anything unforeseen.

In short, are you becoming tired of your inventory cluttering your workspace or house? Or do you want to expand your sales, but you lack space to get it done? Or you simply need some space for keeping your safety stocks?

We help you grow!

Its time to start growing your business!

Leeveit introduces a new type of solution by connecting people and institutions in the neighborhood who have some space available to people and business owners who are in need of some space. This allows for cheap and nearby solutions for people in need of space, while others can make extra income from underutilized. A win-win situation for both sides.

We also provide solutions for managing your inventory through our mobile friendly web solution, which allows for barcode scanning, simply with your own phone. Or are you ready take your business to the next level? Through our partnerships with Kerry Express, we can take care of your inbound logistics, storage, and order fulfilment. Talk to us today find out more!

Read more about leeveit here!
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