How to liquidate and Control Slow moving Inventory/Surplus Inventory?

Are you struck with Slow moving /Surplus Inventory? Steps to Avoid Slow moving /Surplus Inventory

How to avoid Slow moving Inventory/Surplus Inventory?

Have excess stock, unused stocks in your inventory?  Looking for ways to clear your inventory? Finding your right buyers?  Leave all your stress and turn you excess inventory into cash.

Slow moving/excess inventory are considered to be a great headache to many business. Such problems are tough barrier in expanding your business which also affect your capital/ROI. This is why a constant attention is required on an inventory all the time. Regular tracking is needed between demand and supply

Sometimes surplus inventory issues could show up by sudden change in the market and inappropriate demand forecasting. But still every problem has a solution, in that case now it is possible to manage your inventory in a right way.

Here are few tips to control and liquidate your excess stocks in many ways. 

Better Demand Forecasting

Demand forecasting is nothing but to determine when your products are in need by the consumers. Also forecasting need to be done on future maintenance and requirement too.

It also included capital investment, inventory space, material management, man power supply etc and so on.

 Stock Ordering

Limited and necessary stock ordering needed to avoid slow moving inventory.  And it also helps easing the process of liquidating excess stocks . Before posting any buy requirement, assessment must be done on every aspect in order to avoid redundancy in stock placement.

Excess stock stacking is the result of for many non-moving inventories.

Constant Attention On inventory

Avoid stacking dead stock in your inventory. This is one solution to manage your inventory in an easy way. It is better to sale every product as soon as it enters, because the more it gets older, more the chance to become a dead stock. For this purpose, a well-organized master data and structured warehouse is necessary.

Remarket: Dead to live stock

Slow moving/ Excess inventory leads to Dead stock, is something that is unused, this is not something that cannot be used again. Requirement varies based on the area, geographic, use, service, function etc. So there is more possibility to sell non-moving inventory. Identify the need of the product and audiences who are looking for an arrival of such excess stocks and remarket those surplus stocks to them.

One such way is to have an online store to meet your demands of selling our your non-moving, slow moving inventory.  Goospares, an online market place , serves as a bridge between buyers and sellers and helps you in converting your dead stock to live stock.