I find that one of the most frustrating aspects of organizing my classroom is having supplies accessible to students in a way that minimizes the time and movement needed to get the supplies out and put them back.
I've had plastic shoe boxes with supplies on shelves for my entire career. The kids understand the organization and do a good job managing the supplies. I've even made it through 4 years on the same $1 bins, so I think that's definitely a plus, too. What I dislike is the ordeal of either passing out the supplies, having students pass out the supplies, or managing the parade of students gathering their own supplies.
Inside, I placed our most-used items: protractor (which we also use as a ruler/straightedge), yellow highlighter, red pen, dry erase marker, and eraser cloth. The expectation will be that the students may only use the items in the pouch when they are instructed to do so. If I know kids will need other items like scissors or glue, I can add the items to the pouches for a particular day or pass them out in the first class and have the kids store the items in the pouch until the last class.