A hanging, stackable and nestable bin for storing parts and components used in assembly includes a pair of footers and a pair of footer depressions having a complimentary shape to one another. The hanging, stackable and nestable bin also includes a notch with a projection formed in the floor of the bin that extends transversely along the rear wall of the bin and a complimentary shaped upper rear wall rim. The footer, footer depressions, notch and upper rear wall rim provide three point stacking support when one bin is stacked onto another bin. In addition, the hanging, stackable and nestable bin includes sidewalls that are generally planar at the rear portion of the bin which aid in facilitating nesting of one bin into another bin. A cleat formed in the top rear wall of the bin provides rear hanging support for the bin.