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In an ideal world, your business would never have excess or obsolete inventory. However, this can and often does happen when demand for certain products decreases and supply remains steady or increases.
This is not only an issue for your business financially, but if it isn’t handled … View moreIn an ideal world, your business would never have excess or obsolete inventory. However, this can and often does happen when demand for certain products decreases and supply remains steady or increases.
This is not only an issue for your business financially, but if it isn’t handled appropriately it can also lead to wastage, which isn’t good for the environment.
Dealing with excess stock can be problematic, and you need to identify methods to account for the money invested in the excess stock and also consider the impact wastage has on the environment. From discounts to donations, this article looks at how to take care of your excess stock.
Reduced Prices
A great way to get rid of excess stock without losing out financially is by offering customers discounts on the products that are in excess. For instance, you may decide to keep fast-moving items at full retail price, but discount products in the “excess” by anywhere from 10% up.
Everybody loves a bargain so putting excess stock on sale is a great way to encourage customers to spend! This will essentially reimburse you for the money invested in the stock originally. As a bonus, reduced prices mean you are preventing the need to throw away stock and add to the ever-growing mass of junk that is currently plaguing the environment.
Bulk Discounts
Another great way to get rid of excess stock is to use bulk discounts, where you offer customers a deal that gives them more bang for their buck. For example, you might decide to make products that you currently have a surplus of as part of a “2-for-1” deal. Alternatively, you might allow customers, for instance, to buy one product and get the second one free.
This is a great way to drastically reduce the amount of stock crowding your inventory, but you are still working towards earning back the money invested in the stock in the first place. Additionally, you are avoiding the need to throw away large amounts of stock which, as mentioned is not environmentally friendly.
Donate to Charity
If, even after these methods have been exhausted, you still have an excess amount of inventory, you want to do everything you can to avoid having to create wastage and burden the environment with more waste.
While it may come down to drawing a financial loss if you can’t get rid of the excess through discounts and bulk sales, donating to charity is a great way to reduce inventory and avoid wastage. There are hundreds of charities who could benefit from a range of resources, from clothes to canned and packaged food. As an added bonus, being environmentally friendly and providing to charities is also a great way to improve your brand’s reputation in the community.
Unleashed 20-Jun-2018
Hi
does anyone know of anyone who does good quality work, for small gib jobs like this, and is reasonable?
thanks
Shery-l
A three-year push to see the 1979 Mt Erebus air disaster marked with a memorial is in reach of co…
Xbox 360, kinect + games for sale. Everything in excellent condition....
**250Gb Harddrive
24 games - see list below:
TC- Splinter cell Blacklist
TC - GR Future Soldier
TC - GR Advanced War fighter
TC - Rainbow Six: Vegas 2
TC - Endwar
… View moreXbox 360, kinect + games for sale. Everything in excellent condition....
**250Gb Harddrive
24 games - see list below:
TC- Splinter cell Blacklist
TC - GR Future Soldier
TC - GR Advanced War fighter
TC - Rainbow Six: Vegas 2
TC - Endwar
AC - Black Flag
AC - Rogue
COD: Ghost
COD: Black OPS
Resident Evil 5
Darksiders II
Hitman: Absolution
GTA 4
Saints Row 1
The Bureau
Murdered
Batman: Arkham Asylum
Natgeo Quiz: Wildlife
Sonic&Sega: All stars racing
Banjo-kazooie: Nuts & Bolts
Fable: The journey
Kinect: Adventures
Kinect: Sports
Kinect: Sports season 2
If interested, message me @ 0210691284.
Thanks
Theresa
www.facebook.com...
Do you Need Weight Loss or Stop Smoking... the EASY WAY?
35+ year business been operating and touring New Zealand and locally for last 13 years.
Now has a local clinic in East Tamaki Heights for clients to have personal sessions.
Click on the link above to make an appointment.
Hard panniers and fittings to fit a 2010 BMW F800GS. Would look at either if not a complete set. Ph; 021433005
The NZ Transport Agency has posted a list of the overnight closures for motorway improvements which will run from July 1-7. These include George Bolt Memorial Drive, Southwestern Motorway, Upper Harbour Motorway, Northwestern Motorway, Southern Motorway and Northern Motorway. … View moreThe NZ Transport Agency has posted a list of the overnight closures for motorway improvements which will run from July 1-7. These include George Bolt Memorial Drive, Southwestern Motorway, Upper Harbour Motorway, Northwestern Motorway, Southern Motorway and Northern Motorway. Click here to check the dates and locations.
Closures start at 9pm and finish at 5am, unless otherwise stated. During these times, please follow the signposted detours.
Source: NZTA
Image: Stuff
Are you a community-minded person who’d like to deepen your knowledge and expertise about the awesome work, our local organisations' do within the Manukau East community?
Then, this is a an opportunity to listen and to learn, to ask questions, to network and to discuss the information, … View moreAre you a community-minded person who’d like to deepen your knowledge and expertise about the awesome work, our local organisations' do within the Manukau East community?
Then, this is a an opportunity to listen and to learn, to ask questions, to network and to discuss the information, insight and advice that will be shared with you.
All welcome.
Refreshments will be provided.
FREE to attend
Day and Date: Tuesday, 17 July 2018
Time: 10:30am - 12:00pm
Venue: Social Room, Te Tuhi, 13 Reeves Road, Pakuranga
Parking available in William Roberts Road.
Chozyn Koroheke was subjected to weeks of domestic violence by Turiarangi Tai before he murdered her…
Auckland Council has released a new draft Facility Partnerships Policy which focuses on delivering more community facilities and building stronger partnerships with community organisations.
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