Outfit a drawer into creative ribbon storage by adding a wooden dowel through the middle to hold ribbon spools. Drill holes in the drawer front to pull lengths of ribbon through, so you can easily see what colors you have in stock.
Box storage really helps. Photoboxes (I pay about two dollars each, buying them on sale). Decorate with leftover papers from other projects and label with stickers for easy organzation and retrieval. These are stored in shelving once used for CD (some shelves are too short but this worked). I added some ight embellishment to turn the studio into an interesting, creative place to work.