In most of the industries, material handling and storage is done by industrial stackers. So industries have to pay for rack manufacturing and purchasing of stacker or turret. This goes costlier and more space, effort consuming. Many of the small-scale industries can’t even afford it. The paper will describe one model called Smart Inventory Storage System (SISS) for material handling and storage which will save cost, effort, and space of the industry. After analyzing the successful operation of the small prototype of SISS, it is predicted that it will be a good solution to many of the small-scale industries for material handling and storage.