Inventory Management - eliminating obsolete stock
Stop 'hoarding'!
Don't allow your business to become collector! A lot of businesses find it very difficult to throw away products they paid good money for. However, retaining obsolete stock just consumes even more of your valuable cash. Ridding your business of obsolete stock promptly, will free up space and generate cashflow that can be used more effectively.
To eliminate obsolete stock, Core Logistics Consulting will create a tagging program to identify old stock items. Our tagging program will help you to move these products into a quarantined area of your warehouse. Once we have established the appropriate stock control parameters, our program will help you cut your losses and liquidate any obsolete merchandise.
Tagging of obsolete items is something that originated with Japanese automakers. These companies are simply eliminating obsolete stock to make room for newer, more profitable inventories. An effective inventory tagging program works for anything in your warehouse, not just consumable inventories.
We will show you how to conduct regular 'obsolete-item-tagging' programs in any area of your business to help you more effectively manage aging inventory. Our Lean Inventory Management programs are guaranteed to increase the effectiveness or your stock management operations.