Growing retail businesses need to keep customers satisfied with a well-stocked inventory, to ensure all orders are fulfilled promptly and stockouts are avoided.
But as customer demand for products rises, managing inventory can be difficult for business owners and staff, even if you’ve onboarded inventory management software.
That’s where business storage solutions like FDC Holdings come in. We can keep your entire inventory safe and secure at our 300,000+ sq ft warehouse, helping you keep track of inventory records, so you can collect it in more manageable numbers or fulfil orders directly using our world-class fulfilment services.
Want to know more? Speak to FDC Holdings today, or keep reading to see how our service could be of assistance to you.
Do business storage solutions make retail inventory management easier?
In short? Yes.
By partnering with an experienced and reliable business storage provider, your inventory can not only benefit from improved security, but you’ll also enjoy a crystal-clear view of precisely how much stock your company is home to at any given time without the need to invest in extra staff.
Some businesses are concerned when offloading management of their stock to a third-party service provider for the first time. It’s understandable, given that plentiful stock is the backbone of any retailer, ecommerce or otherwise.
But by placing the responsibility of housing and managing this stock on someone outside your business, you’re giving yourself the breathing room you need to manage the stock you have in-house, while also attending to the countless other duties that need to be fulfilled to keep the business running.
The benefits of business storage solutions for retailers
Storage professionals
Small and medium-sized businesses often rely on in-house staff to deal with inventory management, order fulfilment and a host of other essential tasks.
But these staff members may not be trained or experienced in either of these categories, and may be spreading themselves thin across multiple roles.
However, storage professionals – like the ones you’ll find at FDC Holdings – are both trained and experienced in inventory management and can keep an accurate count of all your items at all times.
Combined with an effective retail inventory management system that monitors sales and inventory data, this will severely reduce the risk of error, so you can keep all products accounted for no matter the influx of orders you experience.
Efficient space management
It’s usually the last consideration, but it’s an important one nonetheless.
As customer numbers grow, so do stock numbers to keep up with demand. If your business is currently situated in small premises, you may struggle to find somewhere appropriate on-site to store your stock.
Without proper storage, you may end up creating a safety hazard that puts the well-being of staff at risk – you can read more about this in our blog.
But by utilising business storage and inventory management solutions, not only can you avoid instances of the above but you can also create a more efficient way to manage, collect and distribute your stock. Without the need to resort to improper storage practices.
Improved forecasting
When selling products in large quantities, it’s important to not only note how much is being sold, but to use these figures to determine how much may be sold in the future. Otherwise, you could find yourself short.
Without effective forecasting, businesses can fall victim to stockouts or, at the other end of the spectrum, excessive stock figures well above their average inventory – and unsold inventory is a nightmare for the business’s books and inventory costs.
But business storage solutions combined with fulfilment services can accurately monitor sales data, utilising the latest retail inventory management tools, and can even help you project stock sales in the near future based on factors like monthly revenue, seasonality and more.
Time saving
Bottom line: dealing with stock is always a drag in retail operations.
The greater the numbers you have to sort out, the longer it will take. Which can be especially hard if you only have limited staff numbers.
To make matters worse, these staff may end up abandoning their actual roles for a short time to take care of stock-related issues, causing the business to suffer in other areas.
Thankfully, business storage solutions with fulfilment services can house products and ship them on your behalf, quickly and easily. This can be an incredible time-saving measure, meaning your in-house team can spend their time pushing the business in other ways.
Explore business storage solutions and fulfilment services with FDC Holdings
If you feel your business could benefit from storage or fulfilment assistance, FDC Holdings is ready and waiting to help.
From our industry-standard facility in Preston, Lancashire, we can keep a tight hold on all your business inventory and send it to your beloved customers as orders roll on through.
And with 40 years of experience helping businesses just like yours, you know you can rely on us to deliver the goods.
Sound good? Contact FDC Holdings today to get the ball rolling.