I keep strips and scraps in clear shoe boxes, by color.
FQ (and some smaller chunks) up through yardage, I keep in drawers, sorted as
a)neutrals (black-grey, beige-brown, whites
b)cool colors (blues/greens/some purples)
c)warm colors (yellows, oranges, reds, purples and pinks d)novelty prints and seasonal patterns
For collections that I purchased together, pre-cuts, or things that i specifically intend to use in a single project, Ill keep them together in a clear show box.
I have some neutrals that I use for backings and sashings, etc, on the bolt until they get into a more manageable quantity.