16 Tips to Reduce Excess Stock How-To Guide
Set accurate service levels, refine stocking strategy, improve vendor management and more with our helpful how-to guide
Most businesses hold some excess stock. This likely includes yours (otherwise you wouldn’t need this guide!). But do you know how much surplus you actually have? Could you put a dollar amount on it? How about a close guess?
If you answered with a shrug or an amount that could be off by several thousand dollars, then it’s likely you’ve been aware of the problem for a while. Why do businesses ignore their excess stock? Because getting rid of it is hard.
Thankfully, you don’t have to do it alone. Slimstock has over 25 years or experience in helping companies optimize their inventory, and this guide will get you many steps closer to achieving that goal for your company.