Small business inventory: How to properly manage it

By Jennifer Hahn Masterson

Just because your business is small doesn’t mean it shouldn’t be organized in the most professional way possible – on the contrary, you need to approach every aspect of it with maximum care and precision if you want to succeed. Paying attention to your business inventory is one of the things you need to do, even though this doesn’t seem like the most important part of your business strategy. To organize your business inventory properly, here are a few steps to take.

Focus on the best sellers

No matter where you are and what sort of products you sell, the chances are some of them are more popular than the others, and these will end up making you the most money in the long run. That’s why your best-selling goods need to be displayed most obviously, at spots where customers and buyers can see them, and that’s true when it comes to business inventory as well. Keeping these items close by will help you reach them more easily and quickly, and that will save you a considerable amount of time. Tracking your inventory  can be quite hard, but if you put your mind to it and come up with a system, you’ll be able to do more in less time.

Clear the space

Living in a cluttered home means you have no manoeuvring space and are probably unable to locate any of your belongings, and that’s the same with cluttered inventory space. Keeping it organized and neat is the key to success, and it doesn’t really matter how big and lucrative your business really is – it needs to stay organized and decluttered at all times. Moving certain items off-site is one of the best ideas out there, as this will help you clear up a ton of space, keep everything under control, and reach your products more easily, so start implementing this idea as soon as possible.

Come up with an inventory management system

Depending on the size of your company and your business inventory, you need to come up with an adequate inventory management system that will keep your company up and running. This system has to be efficient, easy to understand, and practical, and you need to come up with it on your own if you want to reach your products in a matter of seconds. Labelling your boxes and your products clearly is a great idea, but relying on modern technologies is even better, which is why you might want to look into those useful cutting-edge automated warehouse systems. These won’t just make your inventory more organized than ever, but will also boost your productivity and reduce your labor costs, which makes them a great all-around solution.

Rely on management apps

Once you realize how amazing those automated warehouse systems are, you’re going to want to start using technology more than before. However, this might turn out to be pricier than you’ve expected, which is why lots of businesses – especially small business and start-ups – give up this idea and never reach their full potential. Luckily, there are lots of amazing apps you can use and thus take your company’s productivity to a new level. From Inventory Tracking to JumpStock, these apps are versatile, useful, and affordable, so use them and explore their benefits.

Hire some help

Doing everything on your own is a great way to keep things under control and always know what’s going on in your inventory, but relying on other people sometimes makes more sense. Finding some outside help is necessary, especially if your business starts growing faster than you’ve anticipated, so hire a few people who will help you track your inventory on a daily basis. Doing that can be hard at first, so teach them the basics, and then start developing your own system. This way, you’ll be able to take a step back and relax, knowing that someone else is doing an amazing job with your business inventory.

Managing your business inventory seems like the hardest thing in the world, but it’s actually not – it’s all about getting organized and staying focused on your goals, so take it easy and keep perfecting your inventory management system one day at a time.


Jennifer Hahn Masterson is a senior business strategist, always in search of inventive ways to help her clients find their place in the ever so competitive business arena. When she is not busy pondering about the design principles of unity, space, hierarchy, balance, contrast, scale and similarity, she likes to immerse herself in a good book and satisfy her perpetual wanderlust.

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