Managing surplus inventory, the right way!
We like to find companies that have surplus inventory due to many different reasons, over stock, over developed, returns or just getting outdated inventory out so they can have room for new year's inventory that's anticipated to sell faster. we then receive the surplus goods from the retailer that needs the space, and we will inventory it, remarket to vendors that need to buy in bulk at a discount, retail, our warehouse floor sales and by the truck loads. If we can recover a percentage of the recovery cost for the retailer it is a win for us.
Now, you might be wondering, "How can my business benefit from this surplus inventory process?" The answer is twofold: as a retailer looking to offload excess stock, and as a vendor looking to acquire products at a discounted rate.
For retailers, offloading surplus inventory can free up valuable warehouse space and reduce storage costs. By partnering with a company that specializes in inventory management and remarketing, you can recover a percentage of the recovery cost, turning what would otherwise be a loss into a win. This frees up resources that can be allocated towards new, faster-selling inventory, ultimately driving growth and revenue.
On the other hand, for vendors, acquiring surplus inventory at a discounted rate can lead to higher profit margins. These cost savings can be passed on to customers, making your products more competitive in the market. Additionally, the opportunity to buy in bulk allows for better inventory management, reducing the risk of stockouts and ensuring a consistent supply for your customers.
It's important to note that successful participation in the surplus inventory process relies on strong relationships between retailers and vendors. Clear communication, trust, and mutual understanding are key factors in ensuring a smooth transaction. As a vendor, it's crucial to work with a reputable inventory management company that can provide you with high-quality products and reliable services.
In conclusion, the surplus inventory process offers benefits for both retailers and vendors. By capitalizing on this opportunity, businesses can optimize inventory management, reduce costs, and increase profitability. As the retail landscape continues to evolve, adaptability and strategic partnerships will be essential in staying ahead of the competition. By embracing the surplus inventory process, you're taking a proactive step towards securing your business's success.