obsolete items. Any company can find itself with inventory items that have a decreased net realizable value, or exceed the foreseeable demand. Whether the result of an economic downturn that depressed sales, a new product release that replaces an older product, or other factors, the end result is an overvalued inventory asset.
The management of obsolete inventory is an important step in the product life cycle – even more so at year-end. The assessment of inventory and the handling of any obsolete items can be a key component of the year-end procedures, providing valuable information to the organization for financial and tax reporting, budgeting and forecasting. Identifying the underlying cause of the obsolescence can help minimize future occurrences, and also make your warehouse fulfillment operations run more smoothly. And how the diversion or liquidation of such inventory is handled can have a positive or negative impact on the company’s reputation, brand value, and financial position.When your program is ready for inventory diversion or liquidation, Vision Media Management can help you find the most cost effective solution without leaving our fulfillment warehouse. Call us to learn more about the solutions we offer for year-end obsolete inventory planning strategy – which can result in an increase return on investment (ROI) for your organization.
Vision Consumer Products Fulfillment has decades of experience and industry expertise in consumer products fulfillment services. No matter who your customer is, we treat your customer as our own. We know what makes a raving fan out of an individual customer, as well as what makes a business partner trust you with their business. Call or email us to learn how. We’re certain we’ll be the best fulfillment warehouse partner you have ever had!
http://visioncpf.com
CPFSales@VisionMediamgmt.com
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