Don’t miss out!
Get the latest resources sent directly to your inbox.
If you’re going to get serious about any one aspect of your inventory, getting rid of dead and slow-moving items must be a top priority.
Think about it, you paid for every item that is stocked on your shelves and the only way you’re going to get any of it back is to sell it. Otherwise you’ve just thrown hundreds, maybe even thousands of dollars away. Dollars that could be put toward other areas of your business! The bad news is that you’re not always going to be able to get your money back on some of these items. The good news is that there are many ways you can get these items out of your business, and at least gain back some of what you paid.
The first step is determining which items are dead and slow-moving. If you’ve taken counts, you’ve probably seen parts that you bought years ago but have never sold. Add those to the list. If you have an industry-specific dealer management system, you can run reports that will flat out tell you what your worst sellers are.
Once you’ve identified these items, you have options:
Get our latest resources in your inbox.
Get the latest resources sent directly to your inbox.