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More than ever before, clients face the challenges of surplus, unsold stock or excess inventory, or simply are interested in ROI. Fortunately, there are ways of creating extra value for clients and business partners – with or without excess stock challenges. There has not been a better time for Corporate Trade.
With Amazon readying for Australian retail operations, e-commerce certainly shows no signs of slowing down. In fact, e-Marketer estimates that worldwide retail ecommerce sales will increase from $2.290 trillion in 2017 to $4.479 trillion by the end of 2021; meaning that retail businesses of all sizes should be preparing and gearing up for survival.
For any business there is a fine balance between survival and success in the first 5 years of existence. The cost of holding, storing and managing inventory is difficult to overlook or ignore especially if some of the inventory doesn’t perform as well as anticipated. Write-downs, write-offs, non-liquid capital, storage costs and Inventory services costs can and will be an issue for any business at some point.
How to safe-proof your inventory management. Managing stock is fraught with challenges in today's retail landscape. While surplus stock ties up capital and can keep you from re-investing in your business, waiting times on products will deter the modern customer who Wants It Right Now.
End of financial year is fast approaching and excess stock is an issue for all retailers who are similarly looking to reduce their overheads, free up storage and remarket or liquidate surplus inventory in efforts to optimise their financials. It is critical to success of this process that retailers understand the true value of excess merchandise and implement an effective process to maximise recovery value while too, kick starting their next sales cycle.
Active International & IBM Case Study: Helping companies achieve more with their assets and execute media campaigns more efficiently is a complex process that demands precision data analysis and expert focus.