Inventory is vital to a business, if something happens to it, not only can it be a stressful time, but also a financially difficult time trying to replenish any stock which may have been lost, broken or stolen. There are some really simple ways you can keep your inventory safe and secure, read our tips below.
Have a secure storage solution
The first thing you should invest in is having a secured area to store your inventory in. You will want to consider a few factors when it comes to choosing your unit including:
- Location: You don’t want it based too far away from the office
- Size: You will want to ensure there is enough space to store everything. If you have a lot of inventory that needs storing, one option is to use shipping containers with a cover. This provides maximum storage opportunity for your inventory.
Add security cameras
If you have the unit, the next thing you should consider is securing the premises. Adding security cameras pointing directly at the unit can help you identify any persons who trespass or break inside. A security system could also be beneficial if the locks are broken.
Alternatively, if you’re working on a budget, having signs saying CCTV is in operation (even when there isn’t) could be a deterrent. Of course, having real systems in place is always the best option. While the up-front cost is more, if it prevents inventory from getting stolen, it will save you in the long run.
Learn how to handle correctly
Another thing you should consider to protect your inventory is to ensure you and any staff members you have can handle it correctly. Carrying multiple boxes, for example, can not only risk the person carrying them becoming injured but if one box slips and falls, the contents could be broken – costing money by losing stock and wasting time by having to replenish the inventory.
Having a system in place which allows you to monitor your inventory is a great way to keep it safe and secure. Having inventory checks is a way to see how much has been broken, lost or stolen and a great way to monitor how you handle your inventory in the future.
Inventory checks also help keep your items safe for your customers. If you sell food and other edible items, checking expiry dates and ensuring that you keep your inventory organized can prevent you from wasting items.
There are some simple yet effective ways to keep your inventory safe and secure, whether you want to invest money in having high-quality systems or simply making small changes such as carrying out inventory checks, they can all make a difference.
John is a serial entrepreneur and writer who is passionate about helping small businesses launch and grow. His work has been featured in Huffington Post, Entrepreneur, and Forbes.