There are a bunch of reasons why you could have extra stock. Perhaps you misjudged how many items you’d sell and presently have an excess.
Maybe the retailer’s automated forecasting and allocation system weren’t fine-tuned, resulting in pockets of inventory in the store chain. Whatever the cause is, the result is the same: excess stock.
These things cost you cash to deliver, bundle, transport and get into the retailer. They’re taking up important stock dollars at your retail accomplice and occupying the rack room.
You can reduce excess inventory in the future with better forecasting and retailer allocation; however, on the off chance you’re stuck managing abundance stock now or after the holidays. Or if you have a company and want to know how companies get rid of excess inventory.
Disposing of your overloaded stock is tied in with finding a balance between expanding what you can get income-wise and limiting further ventures of your time, cash, and assets. A couple of the ideal ways to eliminate stock from your distribution center currently include: item packaging, limited evaluating, liquidation, and reusing or giving unsold merchandise.
