subject: Different ways to sell excess inventory [print this page] In tough economic condition many company owners faces problem of excess stock, in such time companies consider liquidation as option. If you find yourself in such burden you must try to sell excess inventory.
There are there important ways by which you can get rid of the overstock of the company, you need to evaluate each option and choose the one which is suitable to your situation.
Put the products for sale with help of public sale
When you looking to sell excess inventory auctions are most favorable ways, you can consider online or offline public sales. Today there are many websites which allows you to auction your products however you need to keep track of each and very stock. Online auctions may require you to spend more time as the goods are in huge volume. If you try for offline auctions then it has to be planned in advance and it should be broadcasted then only you have high probability of getting good returns. For this you can hire agent who can organize an auction to sell excess inventory of your production. With any kind of auction method you don have the control on pricing of products and you can not be sure that the event will be a complete success.
Appoint a liquidator
You can easily sell excess inventory if you take service from a skilled and experienced liquidation company. When you work with a professional liquidation firm you must know that you many not get as high returns as you intended to but your stocks can be removed in one shot only. A good salvage company works efficiently and you can have the assurance that you will get cash right away and it can also keep an eye on soled products so that they do not penetrate through your current useful stock and supply chains. At times the overstock comes with different deadline such as clearing the inventory before your rent exceeds or making your useless stock out of the records before start of next quarter. So you must select the liquidation firm very carefully, the key option is to consult firm who has high performance record and who is most trusted. You can not rely on ordinary firm and expect to get great cash.
Donate the stock
You have stock of goods which has no importance to you so you can donate it to some one who is in need; however this should be last option to consider as you will get nothing in return.
