Liquidating non moving inventory adult dating lindberg texas

The bottom line is that surplus inventory is one of the largest costs that today's industrial distributor faces.The cost of the products themselves, the loss of working cash and the ongoing holding costs are just a few ways that surplus inventory can eat away at bottom-line profits.The magnitude of the problem warrants immediate and dedicated attention.In a soft, yet highly competitive economy, industrial distributors must find ways to avoid, identify and sell surplus inventory.An online, fully integrated Web site that allows customers to access product information, review and update demand requirements, enter orders or change existing orders gives you immediate, real-time access to customer decisions.A well-trained sales force tuned into customer needs can also be a valuable source of intelligence.According to an article published in in January 2000, manufacturers, wholesalers, direct marketers and retailers have used corporate barter companies to move a portion of their surpluses, which in 1999 reached a staggering 0 billion.It's estimated that product overstock and surplus inventory will total 5 billion by 2002.

The more quickly you know about an order change, a quality or cost issue or a service concern, the more quickly you can react.As with any improvement project, distributors must begin by determining where within their organization lies the largest opportunity to avoid surplus inventory.Companies may want to consider improvements in the following areas.By reacting quickly to accurate customer and vendor intelligence, improving the procurement and inventory processes, and changing ineffective processes and procedures, you can succeed in avoiding some level of surplus inventory.One Midwest industrial fastener distributor succeeded in doing just that.

Leave a Reply