How to Deal with Excess Stock in Your Inventory
07/04/2021 Computer - IT - Webs
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Description
Excess stock in our inventory are the products that have not been sold and have exceeded their customer demands. These extra stocks will be lying in the warehouse for any future demand requirements.
These overstock situations majorly happen due to factors such as over-buying, inaccurate demand projections, cancelled orders, bad economy state, unforeseen weather, causal reasons like sale in other competitive brands, or late delivery of goods from the supplier and more.
How to deal with Excess Stock
-Put someone in charge
-Decide what’s excess inventory
-Identify excess items
-Way ahead
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Shashi Saurav
Individual
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