It’s November and the end of the year is fast approaching. It’s time to move out inventory that has been sitting in your warehouse and not selling well. There are a number of good reasons to reduce your inventory this year as opposed to waiting until next year. Some of these include: Generate cash before […]
Inventory Management
Minimizing The Problem of Problem Inventory
Problem inventory is best described as any merchandise that cannot be sold to your regular customers at everyday wholesale or normal promotional pricing levels. More specifically, products that need to be deeply discounted to sell are considered problem inventory. These include, but are not limited to, overstock, excess inventory, short-coded or out-of-code items, package changes, […]
Overstocks: How to Make the Best of a Bad Product Situation
Airtight inventory management is one of the keys to running a successful and profitable business. Turning your inventory while it’s fresh and attractive to consumers is pivotal to your bottom line. Unfortunately, in today’s unpredictable marketplace, many things can happen to cause products to be sold for less than originally anticipated as well as outside […]