How To Keep Inventory Organized In The Warehouse.

If you have any kind of warehouse distribution company, it is essential you keep your inventory organized. Inventory is the goods or materials a business intends to sell to customers for profit. Inventory management, a critical element of the supply chain, is the tracking of inventory from manufacturers to warehouses and from these facilities to a point of sale. Poor inventory management can lead to failure and business bankruptcy, business liquidation and closing down 3PL warehouses. Closeout companies that buy overstock and sell excess inventory might buy from companies that have not kept good track of closeout stock. The goal of inventory management is to have the right products in the right place at the right time. This requires inventory visibility — knowing when to order, how much to order and where to store any closeouts and surplus inventory. High costs storing dead inventory is a path to failure.

Inventory can be a company’s most important asset, providing it is good inventory and not dead stock, closeouts and old merchandise. Management is where all the elements of the supply chain converge. Too little inventory when and where it's needed can create unhappy customers. But a large inventory has its own liabilities — the cost to store and insure it, and the risk of spoilage, theft and damage.Companies with too much old merchandise should sell excess inventory to businesses that buy overstock merchandise. Companies with complex supply chains and manufacturing processes must find the right balance between having too much inventory on hand or not enough. Too much inventory can spiral out of control creating a need to have a product liquidation, contact closeout brokers, closeout websites and other buyers of excess inventory. If this is not handled, worst case scenarios may lead to a business liquidation

Spreadsheets, hand-counted stock levels and manual order placement have largely been replaced by advanced inventory tracking software. Keeping track of closeouts by hand has become an almost impossible task. An inventory management system can simplify the process of ordering, storing and using inventory by automating end-to-end production, business management, demand forecasting and accounting. Companies that buy overstock now run all products through comprehensive computer systems so they know how much overstock merchandise they have for sale. In today’s complex business climate It would be impossible forlarge closeout companies that sell excess inventory to do everything by hand. Complicated computer programs keep track of customers that buy overstock items and closeouts. It would be impossible to buy a business liquidation without the use of computer models and spreadsheets

Globalization, technology and empowered consumers are changing the way businesses manage inventory. Supply chain operators will use technologies that provide significant insights into how supply chain performance can be improved. They’ll anticipate anomalies in logistics costs and performance before they occur and have insights into where automation can deliver significant scale advantages. Companies that specialize in liquidations have grown and now operate with various showrooms, salespeople and closeout brokers. They may have excess inventory in 3PL warehouses around the country that must be managed. Companies in liquidation for sale also need computer systems to keep track of their businesses. Too much inventory can result in too much money spent on long term storage fees. Many Amazon sellers are liquidating FBA inventory because it eats up all the profit and isn’t worth selling anymore. Storing inventory is a variable cost — it’s based on how much space your beginning inventory takes up at any given time. When you have more product on hand than you need, you end up paying more for inventory storage. This is where inventory liquidators can help and buy all your overstock in one fell swoop. Being smart about inventory levels can help you reallocate those funds. Keeping track of what inventory sells like hotcakes versus what ends up covered in metaphorical cobwebs can share some important insight about what your customers are — and aren’t — into. Dead stock in the warehouse is very costly and at times even difficult to see how expensive it really is. Closeout buyers and liquidators can be your best friend if you are spending too much money on storage. You can also gauge the success of prior promotions or product launches by assessing inventory levels before and after those events

Everyone knows inventory out means money in, but without a clear view of your goods from initial receipt to ship date, your company’s largest asset could be losing you money. The key to an efficient and profitable business is total visibility into the inventory process from start to finish and management tools to help you maintain optimal stock levels year-round. Make it a practice to get rid of wholesale stock that isn’t selling. Get rid of closeouts, excess inventory and overstock merchandise that is taking up warehouse space. An effective inventory management system helps you streamline all the moving parts of your warehouse: From recommending optimal stock levels all the way to keeping your supply chain organized and running smoothly

Merchandise USA can help you with the liquidation process and closeout process. Sell your closeouts for cash and eliminate high warehouse expenses. We are overstock buyers and we buy excess inventory.