Hello! There are lots of ways to organize craft supplies. I like to use re-purposed things to organize my supplies. I'll show you what I mean.
My Mom gave me two of these Towne Club crates. I use one to organize some of my rubber stamps. The other one is full of ribbon.
Here is a link to information about Towne Club. http://en.wikipedia.org/wiki/Towne_Club
I remember going to a store with my parents when I was a kid to buy Towne Club pop. It must have been 1983-1985. Anyway, my Mom had two of the crates. She can't remember how she ended up with them. I didn't want her to throw them out so I took them. They work great for organizing my ribbon and stamps.
My husband's sister and her husband gave us a crate full of wood scraps. My husband uses them for small woodworking projects. He likes to make desk clocks and other decorative items. The crate had been sitting outside for a long time. I brought it in the house, washed it, oiled the wood, and decoupaged the label. It was peeling up in a few places. How great does this look!?
It holds books, book covers, and boxes that I alter for various projects.
I bought a shoe organizer at goodwill for $2 and stuffed it full of yarn.
It hangs almost to the floor of my closet.
Other organization ideas:
Use an old entertainment center to organize and display supplies and completed projects
Fill baby food jars with paper clips, beads, brads etc. I hot glued the lids to the bottom of a shelf.
Canning jars are great for keeping all of your buttons, safety pins etc all in one place.
One last idea. I use an old wooden spool of thread and a stray double point knitting needle to organize some of my bobbins. I put the knitting needle in the hole of the spool then just put a bunch of bobbins on the needle. It looks neat and keeps the bobbins organized.