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- December 29, 2021
Dead stock refers to any unsold items that are lying in the warehouse or storage rooms for a long time. Dead stock is bad for your business not just because it takes up valuable space but also acts as a bad investment. When warehouses or storage rooms are cluttered with dead stock, employees find it difficult to find parts and products they need, wasting time and energy. Having a smart inventory management system in place is important to regularly eliminate dead stock and make way for active inventory.
If you are constantly struggling with dead stock and can’t figure out how to avoid it, here’s a useful read for you:
Understand the underlying causes behind dead stock: There are many underlying causes that contribute to dead stock. Getting an insight into these underlying causes can help you address the problem in the procurement phase. Here are some common causes that can lead to dead stock:
- Overstocking: When ordering stock, it is important to look at sales data and inventory turnover
