I don't have that much experience, but I use the sandwich bag & sharpie labeling method for small parts. Anything bigger usually gets sprayed with WD40 to reduce rusting before being set aside for later. All parts get set on shelves where they cannot be found at the time they are needed without a search of at least an hour, and often much, much longer. Some parts get moved out of the building by 'night gremlins', never to be seen again, or to re-appear in plain sight the day the replacement part is delivered.