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To address excess stock and high carrying costs, I would first analyze demand patterns and adjust inventory levels accordingly, using demand forecasting tools to better align supply with actual needs. Implementing a just-in-time (JIT) inventory strategy can reduce stock levels and free up cash flow. I would also explore liquidation or discounting strategies to move slow-moving items. Additionally, enhancing supplier relationships for more flexible order quantities and reviewing storage practices to optimize space usage can further help control carrying costs.
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Consider implementing a just in time (JIT) inventory system to reduce excess stock and improve cash flow. Also use demand forecasting tools to optimise purchasing decisions based on sales trends.
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Rather than liquidation after piling, we should prevent the stock piling.
Alongwith JIT, demand pattern analysis and many solutions mentioned by multiple experts, I would suggest "go for commonizations of SKUs". This is a wonderful action in terms of packaging material inventory management.
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Para el control del exceso de existencias se recomienda agruparlos en "Canastas" según su rotación y consumo. Estos inventarios deben de contener parámetros máximos y mÃnimos de manera que al valorizar el stock máximo se tenga el inventario óptimo. Está estrategia permitirá solo abastecer hasta los niveles establecidos teniendo el control y reduciendo los excesos de inventario.