If you run a business, will you be saying Ho! Ho! Ho! this holiday season? Even though its October, you should begin preparing to maximize your revenue for the season. For many businesses, it’s the most important time of the year. A big part of that is inventory control. More often than not, the customers you’re going to be dealing with, are ready to buy. So you want to make certain that you have enough inventory available to be able to fill an order as quickly as possible. Inventory can be tricky because you don’t want to keep too much inside a brick and mortar store. This creates tricky storage issues, but A.B. Richards can help.
A.B. Richards Gives You Easy Access to Storage
A.B. Richards rents ground level portable storage containers which give you easy access to whatever you’re storing. If you have a home-based business, we can deliver a 20-foot storage container to a smaller lot. If you operate a larger business, you might want to keep a larger storage container, like a 40-foot storage container or a 40-foot Jumbo Storage Container with an extra foot of headroom. A.B. Richards can help make businesses run smoothly and we want to tell you about storing extra inventory as we approach the holidays.
Gearing Up for The Holiday Retail Season
If you don’t have a plan in place for the upcoming holiday rush, it’s time to get cracking. According to the credit card processing company Square Up, you should be making strategic decisions about what inventory you will be carrying. Find out what’s hot this season. Scan social media sites to find out what people are looking into buying. Once you’ve done that, take a look at your own previous sales history and see what’s sold well in the past and see if you can categorize what types of items will sell this holiday season. It’s also a good idea to check real-time sales data and see what’s actually moving once the holiday retail season starts.
How Much Inventory Should You Keep?
The eternal question involving inventory is how much you should keep on hand according to the Houston Chronicle, the advantages of keeping extra inventory include:
- Being able to fulfill an order quickly by having the stock nearby.
- You’ll also have to worry less about shortages.
- If you have a hot item and you keep extra inventory, you won’t run out.
There are disadvantages to keeping extra inventory as well, which include:
- Sometimes you might stock something that isn’t a hot item or has become obsolete.
- If you order too much, you may be losing access to capital that’s vital to running your business.
A.B. Richards Can Help Your Business
A.B. Richards can keep your costs down. It’s a lot cheaper than storing inventory at a warehouse. Having an A.B. Richards storage container delivered to where you need it can help you expand your inventory even if you have a small retail space. We’ll deliver your portable storage container to where you need it and we’ll pick it up when you’re done. Contact us today.