Once you've conquered the daunting task
of counting inventory, it's time to decide
how to make your merchandise more prof-
itable and work for you. With help from
Jeff Sheets, founder and owner of OPE
Consulting Services, and Jon Schreibfeder,
president of Effective Inventory Manage-
ment, Inc., I'll show you how to get rid of
your obsolete items.
If you're going to get serious about any
one aspect of your inventory, getting rid of
dead and slow-moving items must be a top
priority.
Think about it: You paid for every item
that is stocked on your shelves, and the only
way you're going to get any of your money
back is to sell it. Otherwise, you've just
thrown hundreds, maybe even thousands
of dollars away — dollars that could be put
toward other areas of your business! The
bad news is that you're not always going to
be able to get your money back on some of
these items. The good news is that there are
many ways you can get these items out of
your business, and at least regain some of
what you paid.
20 MAY 2015 OUTDOOR POWER EQUIPMENT www.outdoorpowerequipment.com
FEATURE STORY | Best Practices
■ BY GREG CARRADUS
How to effectively
get rid of dead inventory
If you're going to
get serious about
any one aspect
of your inventory,
getting rid of dead
and slow-moving
items must be a
top priority.
IMAGE
©ISTOCKPHOTO/IPGGUTENBERGUKLTD.
