What is dead stock inventory and how do you avoid it?
What is dead stock inventory? Why is it bad for business, and how do you minimise (and manage) dead stock?
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There’s a lot to think about for distribution companies today, from growing environmental responsibilities to the need for value chain innovation. Read more in-depth commentaries in some of our specialist guides.
“We’ve been much better at forecasting our internal inventory. We’ve reduced our inventory on-hand values by 50% while increasing fill rate and inventory turns. Since installing Sage X3 we’ve flowed over $29.6 million in orders through the system without a single day of missed orders.”
Calvin Johnson, Lykki.com
What is dead stock inventory? Why is it bad for business, and how do you minimise (and manage) dead stock?
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At its core, the mission of distribution companies hasn’t changed over the years. It’s about buying inventory, stocking it, and then reselling it. But even if the basic principles remain the same, the distribution industry is changing: There are significant margin pressures, with distributors caught between manufacturers that want them to be more efficient, and retailers that want […]
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