Dead stock ties up capital and warehouse space. Here are proven methods to reduce it.
1. Identify Slow Movers Early
Set up alerts for products below certain velocity thresholds.
2. Bundle Products
Combine slow movers with popular items to increase turnover.
3. Run Flash Sales
Create urgency to move stagnant inventory quickly.
4. Donate for Tax Benefits
Consider donating unsellable items for potential tax deductions.
5. Improve Forecasting
Use historical data to better predict future demand.