Excess and Obsolete Inventory

excess and obsolete inventory can strain finances by occupying valuable capital and storage space. A.D. Hennick & Associates recognizes that these items are often outdated or overstocked beyond current demand. Effective management is key to minimizing losses and improving efficiency. Solutions like markdowns, liquidation, or repurposing can reduce the negative impact on profitability. Regular inventory audits and accurate demand forecasting are critical to preventing stock buildup and reducing waste.