You can run out of space at your store or warehouse when your business is booming. To meet the market demand, there may be a need to continuously restock your products. However, this might lead to overstocking.
Dead or obsolete inventory can be another reason for a space shortage at your store/warehouse. When some products become outdated or aren’t sold, they become dead inventory. According to studies, about 20-30% of the inventory
owned by well-established businesses is dead or obsolete. Such products take up unnecessary space and cause congestion. These products can be moved to a less-congested area to ensure overall efficiency.
If you don’t have sufficient space for inventory in your store or warehouse for any reason, you can use different ways to increase your storage capacity without expanding your facility.