Mr. Wazobia a seemingly successful Publisher, was recently seen complaining bitterly to his friend, "I have over ten thousand copies of a certain book title in my warehouse for almost half a decade and no single copy had been sold in the last three (3) years. The books are occupying a reasonable portion of my Warehouse and I'm ultimately worried about loosing my entire investment on this particular book".
Millions of people globally are in such predicament created by either over-stocking or stagnant inventory. Excess or stagnant Inventory is always a tricky thing to handle and if it is not well managed,the consequences can drastically affect the perpetual existence of the business.There is always that urge to wait and see it the items will sell to justify the initial investment.But chances are that is not going to happen. Each day that old inventory sits on the shelves, you are loosing money.
Whether you are selling these items for a profit, at cost or even at a loss, it is now time to clear that stagnant Inventory ! Embark on Sales Promotion.
