How Online Retailers Can Eliminate Excess Inventory?

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How Online Retailers Can Eliminate Excess Inventory?

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channel sale 26 May 2023

taying well-updated about which products are selling and which are not can help you eliminate the excess inventory. When certain products do not sell properly, they reach the end of their respective life cycle and have no value.

For all the online retailers, excess inventory can be a massive issue. It’s mainly because when this inventory is left unsold, it will keep accruing the carrying cost. This can be a costly proposition because experts say that the carrying cost is around 20% to 30% of the entire inventory cost of a business. Having excess inventory is also bad for the cash flow.

#inventory

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