What are some important methods of proper storage?

- This method ensures that the oldest items are used first, preventing spoilage and waste.

- Suitable for perishable items like food and beverages.

2. LIFO (Last In, First Out):

- The most recently added items are used first.

- Commonly used in industries with relatively stable inventory.

3. FEFO (First Expired, First Out):

- This method gives priority to using items with the earliest expiration dates.

- Ideal for industries dealing with perishable goods like pharmaceuticals and cosmetics.

4. ABC Analysis:

- Classifies inventory items into three categories based on their value and importance:

- A (High value, low quantity)

- B (Medium value, medium quantity)

- C (Low value, high quantity)

- Focuses on managing and controlling the A items, which have a significant impact on the business.

5. Just-in-Time (JIT) Inventory:

- Aims to minimize inventory levels by receiving goods only as needed for production or sales.

- Reduces storage costs and improves efficiency.

6. Safety Stock:

- Maintains a buffer stock to mitigate the risk of stockouts due to unexpected demand fluctuations or supply chain disruptions.

7. Cross-Docking:

- Involves unloading goods directly from incoming vehicles and loading them onto outgoing vehicles without storing them in a warehouse.

- Minimizes handling, storage, and inventory costs.

8. Proper Labeling and Organization:

- Clearly label storage locations and use a systematic organization method to ensure easy access and efficient inventory management.

9. Temperature and Humidity Control:

- Certain items, especially perishable goods or those sensitive to temperature changes, require specific storage conditions to maintain quality.

10. Inventory Management Software:

- Utilizes software to track inventory levels, reorder points, and provide real-time data on stock availability.