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Bad inventory refers to products that cannot be sold because they are either no longer functional, or there is no more demand for it. What is bad inventory called day-to-day? You’ve heard it referred to as, overstocks, write-offs, dead-stock, excess, spoiled, expired, and unsold. A low rate of inventoryturnover.
Nearly 70% of retailers face challenges managing inventory due to relying on legacy processes. For executives in planning and merchandising roles, this leads to sleepless nights and the nagging feeling there must be a better way. Furniture inventory management software offers a smarter solution.
As contingency plans, more executives are finding new vendor partners and sourcing domestically to keep their supply chains closer to home. Retail workers are quitting at record rates for higher-paying work: ‘My life isn’t worth a dead-end job.’ Out-of-stocks. 4 Krashinsky Robertson, Susan and Matt Lundy. The Globe and Mail.
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