Struggling with Dead or Excess Inventory Issues? We’ve Got Solutions!
– Are you an MSME or startup struggling with dead/excess stocks or a slow moving inventory?
– Are you a marketing or sales professional stuck with stocks/product lines that are hampering your targets and affecting your incentives?
– Are you a finance professional grappling with your stocks having a dent in the balance sheet?
If so, SMJ Consultants has the solutions on how to sell dead inventory!
What is dead inventory and the root causes behind it?
Slow-moving stocks or stocks which are not being accepted by the market is a regular phenomenon that adds to the inventory/warehouse cost and maintenance associated with it. All kinds of products face this due to the following common issues.
– Cancelled Orders: Project delays, cancellations, and obsolescence.
– Wrong Forecasts: Misjudging market demand.
– Supplier Issues: Long lead times from vendors.
– Poor Sales: Lack of customer interest.
– Quality Pitfalls: Defective or subpar products.
– Decreased Demand: Market shifts and trends.
– Overpriced Products: Mispricing compared to competitors.
– Competition: Strong market rivals.
– Inefficient Inventory Management: Poor handling and organization.
How To Sell Dead Inventory
The concerns arising from dead or excess inventory are multifold, depending on the product, organisation, consumer, competition, market situation, geography, etc. These can be addressed with reworking the operation, planning, finance, and product strategies. BUT the most important immediate action is SALE to manage your excess inventory, and we can help you with :
✅ Channelizing sales for close to expiry product
✅ Selling of stocks which are not moving at all
✅ Planning for stocks which are not getting good response in the Indian market but were a great success overseas
✅ Strategizing for future anticipated issues that may come during such situations for products
✅ Planning for better product development and market reach
✅ Support in vendor management for such products (excess and obsolete inventory of raw materials)
Just like life, dead or excess inventory is just a phase in a company or product’s lifecycle. With proper planning, situational awareness and execution, you can navigate these challenges and come out stronger.
Looking for immediate sales support to move your excess inventory?
Reach out at +91-9823534191 or rahul@smjc.co.in for further assistance with moving your dead/slow-moving stock! Let’s turn your inventory woes into wins!