Inventory is critical to every business. Inventory is money, and most executives would rather have money in liquid assets rather than inventory - especially if it is inventory that is slow moving or worse - inventory that cannot be sold. Many managers are reluctant (afraid?) to deal with obsolete inventory. Who wants to take a major financial hit on their shift? When you have obsolete inventory, we feel you have three basic options:
- Sell the obsolete inventory: Getting something for inventory you would otherwise write off it a good choice.
- Physically dispose of obsolete inventory and write it off: Wow - who wants to do this? If a particular quarter is a good one, we recommend taking the opportunity to re-evaluate your dead inventory.
- Keep the inventory: Hey - maybe you will actually sell it some day! But this path leads manufacturing companies down the negative path - including bankruptcies. Inventories consume a Corporations cash.
Synchronous experts can help your manufacturing enterprise deal with inventory planning, and dealing in particular with off-grade, out of date, or obsolete inventory items. Send us an information request to Sales@SynchronousLLC.com or review our complete portfolio of services at www.SynchronousLLC.com
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