The Dead Stock Management Checklist is a tool used by businesses to manage and reduce dead stock, which refers to inventory that is no longer in demand or is obsolete. The checklist includes a series of steps to identify and categorize dead stock, such as analyzing sales data and reviewing product lifecycles. It also provides guidance on how to dispose of dead stock, including through discounts, liquidation, or donation. By using this checklist, businesses can free up valuable warehouse space, reduce inventory holding costs, and improve cash flow by turning dead stock into revenue. Additionally, it helps businesses to identify and address any underlying issues that may be contributing to dead stock accumulation, such as poor forecasting or slow-moving products.
What is dead stock?
Why is dead stock management important?
How do I determine if an item is dead stock?
How can I prevent dead stock from accumulating?
What are some strategies for managing dead stock?
How can I use the Dead Stock Management Checklist?