Excess and Obsolete Inventory

Excess and obsolete inventory can be a financial burden, tying up capital and storage space. It represents products that are either no longer in demand or overstocked beyond current needs. Managing it efficiently is crucial to avoid losses and optimize operational efficiency. Strategies like markdowns, liquidation, or repurposing can help mitigate its impact on the bottom line. Regular inventory audits and forecasting are essential to prevent accumulation and minimize waste.