3 Benefits of Donating Unprofitable Inventory
May 22, 2019When sales drop or product returns increase, you may find your warehouse filling up with excess inventory. Excess inventory occupies warehouse space, ties up your working capital (especially if you need to lease additional space just for overstock), and in some cases, continues to lose value. For example, if you start selling a new & improved version of an old product, demand for the previous version may drop so low that even big discounts aren’t good enough incentives for customers. Liquidations and auctions are common solutions for dealing with overstock. However, the time it takes for them to start showing…... View Article