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Seven Proven Ways To Get Rid Of Surplus Inventory Or Old Stock / Industrial Clearance

Seven Proven Ways To Get Rid Of Surplus Inventory Or Old Stock

Many industrial businesses might find themselves in a position where they are sitting with excess stock. There are many reasons for this.

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Techniques For Optimising Inventory Turnover / Industrial Clearance

Techniques For Optimising Inventory Turnover

Stock turnover, stock turn, and inventory turns are all other ways to describe inventory turnover. It’s the movement of stock over a

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Five Steps to Dispose of Obsolete Inventory / Industrial Clearance

Five Steps to Dispose of Obsolete Inventory

Excess or obsolete inventory is a common problem for distribution businesses that can run costs of up to 25% per year. Regardless

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logistic service providers

Establishing Strategic Relations with Logistic Service Providers

Until recently, most businesses had fixed arrangements with logistic service providers that relied on ld-fashioned metrics and ordering techniques. Freight routes, shipping

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managing inventory

How to Manage Cashflow by Managing Inventory

Not all businesses have the storage capacity of a big box retailing giant such as Bunnings or a Mitre 10. Stock needs

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excess or obsolete stock

Are You Mismanaging Excess or Obsolete Stock?

Regardless of industry or sector, when you see an opportunity to expand and increase your bottom line with new stock or products

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excess and obsolete inventory

The Evaluation of Excess and Obsolete Inventory

As your company reacts to client demands and updates current inventory to better meet the needs of your customers, excess and obsolete

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written-down-stock

What to Do With Written Down Stock from Your Stocktake?

Most businesses do their stocktake at the end of the financial year and an accurate stocktake is one of the most essential

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excess-stock

You’ve Just Uncovered some Stocktake Discrepancies

So you’ve carried out the first important step with regards to your inventory by checking your stock. And now you’ve discovered discrepancies.

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Procurement cycle

What does Quality Assurance mean in the Procurement Cycle?

Quality assurance is an important element to any business. It is de rigueur with the ingredients or components used in making your

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