Archive: Jun 2020

8 Techniques to Reduce Inventory Losses and Clear Excess Stock

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Having too much inventory can place a financial burden on your business and present operational challenges. Implementing a good inventory management system may save you from these. However, even when closely monitoring your sales and inventory data, you can find yourself with an excess of inventory. This can sometimes arise from uncontrollable factors, such as a sudden change in trends. Whatever your situation, use these eight strategies to help reduce inventory losses and clear excess stock.