If you run a business that sells physical goods, you may well have stock to take care of. It’s crucial you look after this as much as you can and do all you can to protect your business inventory because this is where your profits come from. If something were to happen and your stock was stolen or damaged, you would lose money and potentially lose customers. With that in mind, here are some ideas to help you protect your business inventory as much as possible.
Have A Storage Unit
If you have stock to sell, you’re going to need to keep it somewhere. Even if you have a physical store, you can’t keep all the stock on the shelves as that would be too messy, and the store would be cluttered. If you run your business from home and ship items, you won’t even have shelves to put the items on in the first place.
Although you might choose to keep your stock in your garage or basement, there is a risk that it could easily be stolen or that disasters like fire or flooding could damage it. This is why the best thing you can do is hire a storage unit from Storage Area. When you do this, all your stock can be stored safely away, and you only need to collect more when you need it. It’s a much less expensive option than having a warehouse and a safer one than keeping things at home.
Get An Alarm
If you have a store with a warehouse attached or an external office with plenty of storage room, keeping your stock there might be possible. However, unlike with a storage unit, this will not be as secure as you might hope, and there is always a chance of a break in and theft.
If you choose this option, you must have a good alarm system fitted. This will deter burglars in the first instance, but even if they decide to try their luck, it will alert them to the fact that there is a problem. Some alarms even call the police immediately as well. You can see what is happening on your phone if you also opt for cameras, and all in all, you can protect your site and stock as much as possible in this way.
Get Insurance
Although insurance won’t stop a disaster or theft from happening, it’s still a great idea to have it so that, should the worst happen, you can make a claim and have the chance to buy more stock using your insurance pay out. It’s not ideal, but it’s far better than the alternative, which is to have to pay out for more stock from your business funds or even your own pocket. This might not even be possible.
With insurance, you have more peace of mind that your business can keep running. However, it’s still a good idea to put in additional security measures to ensure that, as far as possible, you won’t ever actually have to claim.
