How To Move Old Inventory: Tips You Must Know
Overall inventory turns help to determine a standard as to how often a company's inventory moves on an annual or monthly basis. Individual items can then be compared to the overall inventory. Inventory collecting dust, rusting metals, and warping wood are good indicators that they are becoming stale and should be thrown out and written down. There are many a warehouse that are filled with dead stock which costs the company in storage, administrative, utility, and labor costs. After awhile, these extra storage costs can be higher than the actual cost of the product.